Recurrent Investment Advisors LLC Acquires 66,761 Shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP)

Recurrent Investment Advisors LLC increased its holdings in Alliance Resource Partners, L.P. (NASDAQ:ARLP - Free Report) by 6.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,145,145 shares of the energy company's stock after acquiring an additional 66,761 shares during the quarter. Alliance Resource Partners comprises approximately 2.8% of Recurrent Investment Advisors LLC's portfolio, making the stock its 15th biggest position. Recurrent Investment Advisors LLC owned 0.89% of Alliance Resource Partners worth $28,629,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Continuum Advisory LLC purchased a new position in shares of Alliance Resource Partners during the 2nd quarter worth approximately $27,000. Beacon Capital Management LLC grew its stake in Alliance Resource Partners by 135.8% in the second quarter. Beacon Capital Management LLC now owns 1,462 shares of the energy company's stock worth $36,000 after purchasing an additional 842 shares during the period. Cove Street Capital LLC bought a new position in Alliance Resource Partners in the second quarter worth $49,000. Mather Group LLC. purchased a new position in Alliance Resource Partners during the second quarter valued at $51,000. Finally, Eastern Bank bought a new stake in shares of Alliance Resource Partners during the 3rd quarter valued at $72,000. 18.11% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Alliance Resource Partners

In related news, SVP Timothy J. Whelan sold 10,000 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $28.00, for a total value of $280,000.00. Following the completion of the sale, the senior vice president now directly owns 157,946 shares of the company's stock, valued at approximately $4,422,488. This represents a 5.95 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 16.80% of the company's stock.

Alliance Resource Partners Stock Performance

ARLP stock traded up $0.25 on Thursday, hitting $27.27. The company had a trading volume of 173,962 shares, compared to its average volume of 383,145. The company has a current ratio of 2.36, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. Alliance Resource Partners, L.P. has a 12-month low of $18.32 and a 12-month high of $29.44. The stock has a market cap of $3.49 billion, a price-to-earnings ratio of 7.75 and a beta of 1.16. The stock's 50-day simple moving average is $26.19 and its 200 day simple moving average is $24.80.

Alliance Resource Partners (NASDAQ:ARLP - Get Free Report) last released its quarterly earnings results on Monday, October 28th. The energy company reported $0.66 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.16). The business had revenue of $613.57 million for the quarter, compared to analysts' expectations of $646.17 million. Alliance Resource Partners had a net margin of 18.52% and a return on equity of 23.74%. During the same period in the previous year, the company earned $1.18 EPS. As a group, equities research analysts expect that Alliance Resource Partners, L.P. will post 3.19 earnings per share for the current fiscal year.

Alliance Resource Partners Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Thursday, November 7th were given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 10.27%. The ex-dividend date of this dividend was Thursday, November 7th. Alliance Resource Partners's payout ratio is 79.55%.

Analyst Ratings Changes

ARLP has been the subject of several research reports. StockNews.com lowered shares of Alliance Resource Partners from a "strong-buy" rating to a "buy" rating in a research note on Friday, November 15th. Benchmark increased their price objective on shares of Alliance Resource Partners from $26.00 to $27.00 and gave the company a "buy" rating in a research report on Tuesday, October 29th. Finally, Singular Research downgraded shares of Alliance Resource Partners from a "strong-buy" rating to a "moderate buy" rating in a research note on Monday.

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.