Disciplined Investments LLC Acquires Shares of 38,794 Alliance Resource Partners, L.P. (NASDAQ:ARLP)

Disciplined Investments LLC acquired a new stake in Alliance Resource Partners, L.P. (NASDAQ:ARLP) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 38,794 shares of the energy company’s stock, valued at approximately $717,000.

A number of other institutional investors have also recently bought and sold shares of the business. Raymond James & Associates raised its holdings in shares of Alliance Resource Partners by 20.2% in the 1st quarter. Raymond James & Associates now owns 96,225 shares of the energy company’s stock valued at $1,485,000 after acquiring an additional 16,170 shares in the last quarter. HighTower Advisors LLC grew its position in Alliance Resource Partners by 12.2% during the 1st quarter. HighTower Advisors LLC now owns 14,110 shares of the energy company’s stock worth $218,000 after acquiring an additional 1,535 shares during the last quarter. Sei Investments Co. grew its position in Alliance Resource Partners by 23.4% during the 1st quarter. Sei Investments Co. now owns 177,438 shares of the energy company’s stock worth $2,738,000 after acquiring an additional 33,635 shares during the last quarter. Mariner LLC increased its stake in shares of Alliance Resource Partners by 4.6% during the first quarter. Mariner LLC now owns 22,149 shares of the energy company’s stock valued at $342,000 after buying an additional 977 shares during the period. Finally, ING Groep NV increased its stake in shares of Alliance Resource Partners by 210.1% during the first quarter. ING Groep NV now owns 307,000 shares of the energy company’s stock valued at $4,737,000 after buying an additional 208,000 shares during the period. Institutional investors own 19.58% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on ARLP shares. StockNews.com started coverage on Alliance Resource Partners in a research note on Saturday, August 19th. They issued a “strong-buy” rating on the stock. Benchmark reaffirmed a “buy” rating and issued a $28.00 price target on shares of Alliance Resource Partners in a research note on Tuesday, August 1st.

Alliance Resource Partners Trading Up 0.9 %

ARLP traded up $0.18 during trading on Friday, hitting $20.76. 483,938 shares of the stock were exchanged, compared to its average volume of 483,329. Alliance Resource Partners, L.P. has a 1 year low of $17.05 and a 1 year high of $25.47. The firm has a 50 day simple moving average of $19.65 and a 200 day simple moving average of $19.42. The firm has a market cap of $2.64 billion, a price-to-earnings ratio of 3.69 and a beta of 1.33. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.16 and a current ratio of 2.68.

Alliance Resource Partners (NASDAQ:ARLP) last issued its quarterly earnings results on Monday, July 31st. The energy company reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $0.03. The company had revenue of $641.84 million during the quarter, compared to analysts’ expectations of $662.11 million. Alliance Resource Partners had a return on equity of 44.74% and a net margin of 28.04%. During the same quarter in the previous year, the firm posted $1.23 EPS. As a group, equities analysts expect that Alliance Resource Partners, L.P. will post 5.5 EPS for the current year.

Alliance Resource Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 14th. Shareholders of record on Monday, August 7th were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Friday, August 4th. This represents a $2.80 annualized dividend and a yield of 13.49%. Alliance Resource Partners’s dividend payout ratio (DPR) is currently 49.73%.

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.