Alliance Resource Partners, L.P. (NASDAQ:ARLP) Shares Acquired by Miller Value Partners LLC

Miller Value Partners LLC increased its holdings in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP) by 8.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 127,000 shares of the energy company’s stock after purchasing an additional 10,000 shares during the period. Alliance Resource Partners accounts for about 1.4% of Miller Value Partners LLC’s holdings, making the stock its 25th biggest holding. Miller Value Partners LLC owned approximately 0.10% of Alliance Resource Partners worth $3,339,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Optimist Retirement Group LLC boosted its position in shares of Alliance Resource Partners by 1.8% in the third quarter. Optimist Retirement Group LLC now owns 93,462 shares of the energy company’s stock worth $2,337,000 after buying an additional 1,691 shares during the period. Tidal Investments LLC lifted its position in Alliance Resource Partners by 1.2% during the 3rd quarter. Tidal Investments LLC now owns 34,283 shares of the energy company’s stock worth $857,000 after acquiring an additional 391 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Alliance Resource Partners by 85.6% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 16,502 shares of the energy company’s stock worth $413,000 after acquiring an additional 7,609 shares during the period. Cadent Capital Advisors LLC grew its position in 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 valued at $626,000 after acquiring an additional 453 shares in the last quarter. Finally, BCS Wealth Management grew its position in Alliance Resource Partners by 2.4% in the fourth quarter. BCS Wealth Management now owns 19,971 shares of the energy company’s stock valued at $525,000 after acquiring an additional 476 shares in the last quarter. 18.11% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ARLP has been the subject of several analyst reports. StockNews.com upgraded shares of Alliance Resource Partners from a “hold” rating to a “buy” rating in a research note on Friday, April 18th. Benchmark reissued a “buy” rating and issued a $29.00 price objective (up from $27.00) on shares of Alliance Resource Partners in a research report on Tuesday, February 4th.

Insider Buying and Selling

In related news, SVP Timothy J. Whelan sold 50,000 shares of the firm’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $25.13, for a total transaction of $1,256,500.00. Following the transaction, the senior vice president now directly owns 93,850 shares in the company, valued at $2,358,450.50. This trade represents a 34.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 16.80% of the company’s stock.

Alliance Resource Partners Stock Performance

Shares of ARLP opened at $27.45 on Friday. The firm has a market cap of $3.53 billion, a price-to-earnings ratio of 9.95 and a beta of 0.62. The company has a quick ratio of 1.69, a current ratio of 2.36 and a debt-to-equity ratio of 0.24. The business’s 50 day moving average is $26.18 and its two-hundred day moving average is $26.50. Alliance Resource Partners, L.P. has a 52-week low of $21.10 and a 52-week high of $30.56.

Alliance Resource Partners (NASDAQ:ARLP) last posted its quarterly earnings results on Monday, February 3rd. The energy company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.38). Alliance Resource Partners had a net margin of 14.74% and a return on equity of 19.09%. 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 declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were paid a $0.70 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $2.80 dividend on an annualized basis and a yield of 10.20%. Alliance Resource Partners’s dividend payout ratio (DPR) is 101.45%.

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.