IFP Advisors Inc Has $106,000 Stake in Alliance Resource Partners, L.P. $ARLP

IFP Advisors Inc decreased its holdings in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP) by 9.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,049 shares of the energy company’s stock after selling 420 shares during the quarter. IFP Advisors Inc’s holdings in Alliance Resource Partners were worth $106,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Jackson Hole Capital Partners LLC grew its position in shares of Alliance Resource Partners by 7.3% during the 1st quarter. Jackson Hole Capital Partners LLC now owns 2,098,619 shares of the energy company’s stock worth $57,250,000 after buying an additional 142,071 shares during the period. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Alliance Resource Partners during the 2nd quarter worth approximately $17,847,000. Raymond James Financial Inc. grew its position in shares of Alliance Resource Partners by 0.3% during the 1st quarter. Raymond James Financial Inc. now owns 555,667 shares of the energy company’s stock worth $15,159,000 after buying an additional 1,697 shares during the period. Huntleigh Advisors Inc. acquired a new stake in shares of Alliance Resource Partners during the 1st quarter worth approximately $14,190,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Alliance Resource Partners by 74.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 494,872 shares of the energy company’s stock worth $13,500,000 after buying an additional 210,644 shares during the period. Institutional investors and hedge funds own 18.11% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Industrial Alliance Securities set a $30.00 price target on shares of Alliance Resource Partners in a research report on Wednesday, September 24th. Weiss Ratings restated a “hold (c)” rating on shares of Alliance Resource Partners in a report on Wednesday, October 8th. Finally, Alliance Global Partners assumed coverage on shares of Alliance Resource Partners in a report on Wednesday, September 24th. They set a “buy” rating for the company. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $29.50.

Alliance Resource Partners Stock Down 1.8%

Alliance Resource Partners stock opened at $24.05 on Monday. The stock has a market capitalization of $3.09 billion, a PE ratio of 13.29 and a beta of 0.51. Alliance Resource Partners, L.P. has a twelve month low of $22.20 and a twelve month high of $30.56. The company has a quick ratio of 1.37, a current ratio of 1.96 and a debt-to-equity ratio of 0.24. The company has a 50 day moving average of $23.99 and a 200-day moving average of $25.57.

Alliance Resource Partners (NASDAQ:ARLP) last released its quarterly earnings results on Monday, July 28th. The energy company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.06). The company had revenue of $547.46 million during the quarter, compared to analyst estimates of $583.57 million. Alliance Resource Partners had a net margin of 10.30% and a return on equity of 14.27%. On average, equities research analysts anticipate that Alliance Resource Partners, L.P. will post 2.72 EPS for the current fiscal year.

Alliance Resource Partners Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Thursday, August 7th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 10.0%. The ex-dividend date was Thursday, August 7th. Alliance Resource Partners’s dividend payout ratio is 132.60%.

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.