Pathway Financial Advisers LLC Acquires 64,968 Shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP)

Pathway Financial Advisers LLC grew its stake in Alliance Resource Partners, L.P. (NASDAQ:ARLP - Free Report) by 2,400.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 67,675 shares of the energy company's stock after purchasing an additional 64,968 shares during the quarter. Pathway Financial Advisers LLC owned approximately 0.05% of Alliance Resource Partners worth $1,692,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of ARLP. American Financial Group Inc. increased its position in Alliance Resource Partners by 2.0% during the first quarter. American Financial Group Inc. now owns 25,500 shares of the energy company's stock worth $511,000 after acquiring an additional 500 shares during the period. BCS Wealth Management increased its position in Alliance Resource Partners by 3.0% during the second quarter. BCS Wealth Management now owns 18,439 shares of the energy company's stock worth $451,000 after acquiring an additional 536 shares during the period. Andina Capital Management LLC increased its position in Alliance Resource Partners by 3.9% during the second quarter. Andina Capital Management LLC now owns 14,426 shares of the energy company's stock worth $353,000 after acquiring an additional 537 shares during the period. Beacon Capital Management LLC increased its position in Alliance Resource Partners by 135.8% during the second quarter. Beacon Capital Management LLC now owns 1,462 shares of the energy company's stock worth $36,000 after acquiring an additional 842 shares during the period. Finally, J.W. Cole Advisors Inc. increased its position in Alliance Resource Partners by 4.2% during the second quarter. J.W. Cole Advisors Inc. now owns 20,949 shares of the energy company's stock worth $512,000 after acquiring an additional 847 shares during the period. 18.11% of the stock is owned by institutional investors.

Alliance Resource Partners Price Performance

Shares of ARLP traded up $0.13 during midday trading on Friday, hitting $25.63. The company's stock had a trading volume of 290,736 shares, compared to its average volume of 380,398. The company's fifty day simple moving average is $24.31 and its two-hundred day simple moving average is $23.83. The stock has a market capitalization of $3.28 billion, a price-to-earnings ratio of 5.61 and a beta of 1.13. The company has a quick ratio of 1.80, a current ratio of 2.53 and a debt-to-equity ratio of 0.24. Alliance Resource Partners, L.P. has a one year low of $18.32 and a one year high of $26.21.

Alliance Resource Partners (NASDAQ:ARLP - Get Free Report) last posted its earnings results on Monday, July 29th. The energy company reported $0.77 EPS for the quarter, missing analysts' consensus estimates of $0.93 by ($0.16). The company had revenue of $593.35 million during the quarter, compared to the consensus estimate of $624.72 million. Alliance Resource Partners had a return on equity of 27.54% and a net margin of 21.04%. During the same period last year, the company posted $1.30 EPS. As a group, equities analysts expect that Alliance Resource Partners, L.P. will post 3.56 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on ARLP shares. Benchmark increased their price objective on shares of Alliance Resource Partners from $25.00 to $26.00 and gave the stock a "buy" rating in a research note on Tuesday, July 30th. StockNews.com lowered shares of Alliance Resource Partners from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, July 31st.

Alliance Resource Partners Company Profile

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.