GraniteShares Advisors LLC Makes New $2.49 Million Investment in Alliance Resource Partners, L.P. (NASDAQ:ARLP)

GraniteShares Advisors LLC purchased a new position in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 94,815 shares of the energy company’s stock, valued at approximately $2,493,000. Alliance Resource Partners comprises about 1.6% of GraniteShares Advisors LLC’s portfolio, making the stock its 8th biggest position.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ARLP. Tidal Investments LLC boosted its position in shares of Alliance Resource Partners by 1.2% in the third quarter. Tidal Investments LLC now owns 34,283 shares of the energy company’s stock worth $857,000 after buying an additional 391 shares during the period. Pekin Hardy Strauss Inc. boosted its position in shares of Alliance Resource Partners by 0.9% in the third quarter. Pekin Hardy Strauss Inc. now owns 46,905 shares of the energy company’s stock worth $1,173,000 after buying an additional 400 shares during the period. Cadent Capital Advisors LLC boosted its position in shares of Alliance Resource Partners by 1.9% in the fourth quarter. Cadent Capital Advisors LLC now owns 23,816 shares of the energy company’s stock worth $626,000 after buying an additional 453 shares during the period. BCS Wealth Management boosted its position in shares of Alliance Resource Partners by 2.4% in the fourth quarter. BCS Wealth Management now owns 19,971 shares of the energy company’s stock worth $525,000 after buying an additional 476 shares during the period. Finally, AlphaCore Capital LLC boosted its position in shares of Alliance Resource Partners by 3.0% in the third quarter. AlphaCore Capital LLC now owns 17,203 shares of the energy company’s stock worth $430,000 after buying an additional 503 shares during the period. 18.11% of the stock is currently owned by institutional investors and hedge funds.

Alliance Resource Partners Trading Up 0.9 %

Shares of ARLP opened at $26.57 on Wednesday. The company has a market capitalization of $3.40 billion, a P/E ratio of 9.63 and a beta of 1.16. 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 debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 2.36. The stock has a 50-day moving average price of $26.98 and a 200 day moving average price of $25.87.

Alliance Resource Partners (NASDAQ:ARLP) last issued its quarterly 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%. Sell-side analysts forecast that Alliance Resource Partners, L.P. will post 2.72 EPS for the current fiscal year.

Alliance Resource Partners Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 10.54%. The ex-dividend date was Friday, February 7th. Alliance Resource Partners’s dividend payout ratio is presently 101.45%.

Insiders Place Their Bets

In other Alliance Resource Partners news, SVP Timothy J. Whelan sold 10,000 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $28.00, for a total transaction of $280,000.00. Following the transaction, the senior vice president now owns 157,946 shares of the company’s stock, valued at $4,422,488. This trade represents a 5.95 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 16.80% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on ARLP. StockNews.com downgraded Alliance Resource Partners from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Singular Research downgraded Alliance Resource Partners from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, December 2nd. Finally, Benchmark reissued a “buy” rating and issued 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 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.