Wealth Preservation Advisors LLC Acquires Shares of 1,325 Alliance Resource Partners, L.P. $ARLP

Wealth Preservation Advisors LLC acquired a new stake in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,325 shares of the energy company’s stock, valued at approximately $36,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. AlphaCore Capital LLC raised its position in shares of Alliance Resource Partners by 2.6% in the fourth quarter. AlphaCore Capital LLC now owns 17,647 shares of the energy company’s stock valued at $464,000 after buying an additional 444 shares during the last quarter. Farther Finance Advisors LLC raised its position in shares of Alliance Resource Partners by 321.3% in the first quarter. Farther Finance Advisors LLC now owns 969 shares of the energy company’s stock valued at $26,000 after buying an additional 739 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its position in shares of Alliance Resource Partners by 4.0% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 27,903 shares of the energy company’s stock valued at $761,000 after buying an additional 1,070 shares during the last quarter. SVB Wealth LLC acquired a new stake in shares of Alliance Resource Partners in the first quarter valued at about $32,000. Finally, Meridian Wealth Management LLC raised its position in shares of Alliance Resource Partners by 17.8% in the first quarter. Meridian Wealth Management LLC now owns 9,028 shares of the energy company’s stock valued at $246,000 after buying an additional 1,361 shares during the last quarter. 18.11% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of Alliance Resource Partners from a “hold” rating to a “buy” rating in a research report on Sunday, May 4th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $29.00.

Alliance Resource Partners Price Performance

Alliance Resource Partners stock opened at $22.99 on Thursday. Alliance Resource Partners, L.P. has a 12-month low of $22.30 and a 12-month high of $30.56. The stock has a market cap of $2.95 billion, a P/E ratio of 12.70 and a beta of 0.56. The company has a 50-day moving average price of $25.87 and a 200 day moving average price of $26.11. The company has a current ratio of 1.96, a quick ratio of 1.37 and a debt-to-equity ratio of 0.24.

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

Alliance Resource Partners Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Thursday, August 7th were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 10.4%. The ex-dividend date was Thursday, August 7th. Alliance Resource Partners’s dividend payout ratio (DPR) is presently 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.