Orvieto Partners L.P. Invests $2.07 Million in Alliance Resource Partners, L.P. (NASDAQ:ARLP)

Orvieto Partners L.P. bought a new position in Alliance Resource Partners, L.P. (NASDAQ:ARLP - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 78,744 shares of the energy company's stock, valued at approximately $2,070,000. Alliance Resource Partners comprises 1.7% of Orvieto Partners L.P.'s portfolio, making the stock its 22nd biggest position. Orvieto Partners L.P. owned 0.06% of Alliance Resource Partners at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Steward Partners Investment Advisory LLC bought a new position in Alliance Resource Partners in the 4th quarter worth about $26,000. USA Financial Formulas purchased a new stake in shares of Alliance Resource Partners in the fourth quarter valued at approximately $33,000. Summit Securities Group LLC grew its stake in Alliance Resource Partners by 350.0% in the fourth quarter. Summit Securities Group LLC now owns 1,800 shares of the energy company's stock worth $47,000 after purchasing an additional 1,400 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in Alliance Resource Partners by 223.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,406 shares of the energy company's stock worth $90,000 after purchasing an additional 2,353 shares during the period. Finally, Bogart Wealth LLC bought a new stake in Alliance Resource Partners during the 4th quarter valued at $127,000. 18.11% of the stock is owned by hedge funds and other institutional investors.

Alliance Resource Partners Stock Up 0.6 %

Shares of ARLP stock traded up $0.17 during mid-day trading on Monday, hitting $27.31. 772,764 shares of the stock traded hands, compared to its average volume of 373,143. Alliance Resource Partners, L.P. has a 52-week low of $21.55 and a 52-week high of $30.56. The stock has a market cap of $3.51 billion, a P/E ratio of 9.89 and a beta of 0.62. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.36 and a quick ratio of 1.69. The stock's fifty day moving average is $26.19 and its two-hundred day moving average is $26.53.

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

Alliance Resource Partners Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 8th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 10.25%. Alliance Resource Partners's dividend payout ratio is currently 101.45%.

Insiders Place Their Bets

In other Alliance Resource Partners news, SVP Timothy J. Whelan sold 50,000 shares of Alliance Resource Partners stock in a transaction on Friday, March 14th. The shares were sold at an average price of $25.13, for a total value of $1,256,500.00. Following the transaction, the senior vice president now directly owns 93,850 shares of the company's stock, valued at approximately $2,358,450.50. The trade was a 34.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 16.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. 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 research report on Tuesday, February 4th. StockNews.com cut shares of Alliance Resource Partners from a "buy" rating to a "hold" rating in a report on Saturday.

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.