Castalian Partners LLC Invests $3.35 Million in Alliance Resource Partners, L.P. (NASDAQ:ARLP)

Castalian Partners LLC acquired a new stake in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 127,531 shares of the energy company’s stock, valued at approximately $3,353,000. Alliance Resource Partners accounts for about 1.7% of Castalian Partners LLC’s holdings, making the stock its 13th biggest position. Castalian Partners LLC owned about 0.10% of Alliance Resource Partners at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the company. Tidal Investments LLC increased its holdings in shares of 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 buying an additional 391 shares during the last quarter. Cadent Capital Advisors LLC boosted its stake in shares of Alliance Resource Partners by 1.9% during the 4th quarter. Cadent Capital Advisors LLC now owns 23,816 shares of the energy company’s stock valued at $626,000 after buying an additional 453 shares during the last quarter. BCS Wealth Management grew its stake 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 worth $525,000 after purchasing an additional 476 shares in the last quarter. Virtus ETF Advisers LLC grew its position in shares of Alliance Resource Partners by 7.6% in the 4th quarter. Virtus ETF Advisers LLC now owns 7,278 shares of the energy company’s stock worth $191,000 after acquiring an additional 511 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC bought a new stake in Alliance Resource Partners during the fourth quarter valued at $26,000. Hedge funds and other institutional investors own 18.11% of the company’s stock.

Insiders Place Their Bets

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

Alliance Resource Partners Stock Down 0.9 %

Shares of NASDAQ ARLP opened at $27.07 on Wednesday. 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 market cap of $3.48 billion, a PE ratio of 9.81 and a beta of 0.62. Alliance Resource Partners, L.P. has a 52-week low of $21.84 and a 52-week high of $30.56. The business has a fifty day moving average of $26.20 and a two-hundred day moving average of $26.55.

Alliance Resource Partners (NASDAQ:ARLP) last announced its quarterly earnings data on Monday, April 28th. The energy company reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.03). Alliance Resource Partners had a net margin of 14.74% and a return on equity of 19.09%. The business had revenue of $540.47 million during the quarter, compared to analyst estimates of $556.31 million. As a group, equities research analysts expect that Alliance Resource Partners, L.P. will post 2.72 earnings per share for the current fiscal year.

Alliance Resource Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 8th will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Thursday, May 8th. This represents a $2.80 annualized dividend and a dividend yield of 10.34%. Alliance Resource Partners’s dividend payout ratio is presently 132.08%.

Analyst Upgrades and Downgrades

ARLP has been the subject of several recent analyst reports. Benchmark restated a “buy” rating and issued a $29.00 target price on shares of Alliance Resource Partners in a research report on Tuesday. StockNews.com cut Alliance Resource Partners from a “buy” rating to a “hold” rating in a research note on Saturday.

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.