94,815 Shares in Alliance Resource Partners, L.P. (NASDAQ:ARLP) Purchased by GraniteShares Advisors LLC

GraniteShares Advisors LLC acquired a new stake in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 94,815 shares of the energy company's stock, valued at approximately $2,493,000. Alliance Resource Partners comprises 1.6% of GraniteShares Advisors LLC's portfolio, making the stock its 8th biggest holding. GraniteShares Advisors LLC owned 0.07% of Alliance Resource Partners at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Tidal Investments LLC increased its position in Alliance Resource Partners by 1.2% during the third quarter. Tidal Investments LLC now owns 34,283 shares of the energy company's stock valued at $857,000 after acquiring an additional 391 shares during the last quarter. Pekin Hardy Strauss Inc. increased its position in Alliance Resource Partners by 0.9% during the third quarter. Pekin Hardy Strauss Inc. now owns 46,905 shares of the energy company's stock valued at $1,173,000 after acquiring an additional 400 shares during the last quarter. Cadent Capital Advisors LLC increased its position in Alliance Resource Partners by 1.9% during the fourth quarter. Cadent Capital Advisors LLC now owns 23,816 shares of the energy company's stock valued at $626,000 after acquiring an additional 453 shares during the last quarter. BCS Wealth Management grew its holdings in Alliance Resource Partners by 2.4% during the fourth quarter. BCS Wealth Management now owns 19,971 shares of the energy company's stock valued at $525,000 after purchasing an additional 476 shares during the period. Finally, AlphaCore Capital LLC grew its holdings in Alliance Resource Partners by 3.0% during the third quarter. AlphaCore Capital LLC now owns 17,203 shares of the energy company's stock valued at $430,000 after purchasing an additional 503 shares during the period. Hedge funds and other institutional investors own 18.11% of the company's stock.

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Wall Street Analysts Forecast Growth

Several analysts have issued reports on ARLP shares. Singular Research lowered Alliance Resource Partners from a "strong-buy" rating to a "moderate buy" rating in a report on Monday, December 2nd. StockNews.com lowered Alliance Resource Partners from a "buy" rating to a "hold" rating in a report on Wednesday, February 5th. Finally, Benchmark reissued a "buy" rating and set a $29.00 price target (up previously from $27.00) on shares of Alliance Resource Partners in a report on Tuesday, February 4th.

Alliance Resource Partners Stock Performance

NASDAQ:ARLP traded down $0.56 during mid-day trading on Friday, hitting $26.26. 624,806 shares of the company traded hands, compared to its average volume of 425,024. The stock's fifty day moving average price is $27.03 and its 200-day moving average price is $25.91. Alliance Resource Partners, L.P. has a one year low of $18.32 and a one year high of $30.56. The company has a quick ratio of 1.69, a current ratio of 2.36 and a debt-to-equity ratio of 0.24. The firm has a market cap of $3.36 billion, a price-to-earnings ratio of 9.51 and a beta of 1.16.

Alliance Resource Partners (NASDAQ:ARLP - Get Free Report) last released its quarterly earnings data on Monday, February 3rd. The energy company reported $0.22 earnings per share for the quarter, missing analysts' consensus estimates of $0.60 by ($0.38). Alliance Resource Partners had a return on equity of 19.09% and a net margin of 14.74%. Research analysts anticipate that Alliance Resource Partners, L.P. will post 2.72 earnings per share for the current fiscal year.

Alliance Resource Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 10.66%. The ex-dividend date was Friday, February 7th. Alliance Resource Partners's dividend payout ratio (DPR) is 101.45%.

Insider Transactions at Alliance Resource Partners

In other news, SVP Timothy J. Whelan sold 10,000 shares of the company's stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $28.00, for a total value of $280,000.00. Following the completion of the transaction, the senior vice president now owns 157,946 shares of the company's stock, valued at $4,422,488. This represents a 5.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 16.80% of the company's stock.

About Alliance Resource Partners

Alliance Resource Partners, L.P., a diversified natural resource company, produces and markets coal primarily to utilities and industrial users in the United States. The company operates through four segments: Illinois Basin Coal Operations, Appalachia Coal Operations, Oil & Gas Royalties, and Coal Royalties.