Mountain Lake Investment Management LLC Has $3.78 Million Stake in Alliance Resource Partners, L.P. (NASDAQ:ARLP)

Mountain Lake Investment Management LLC decreased its position in Alliance Resource Partners, L.P. (NASDAQ:ARLP) by 20.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 652,000 shares of the energy company’s stock after selling 170,500 shares during the quarter. Alliance Resource Partners accounts for approximately 2.1% of Mountain Lake Investment Management LLC’s holdings, making the stock its 19th largest holding. Mountain Lake Investment Management LLC’s holdings in Alliance Resource Partners were worth $3,782,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. UBS Group AG grew its holdings in shares of Alliance Resource Partners by 166.2% in the 1st quarter. UBS Group AG now owns 6,407 shares of the energy company’s stock valued at $37,000 after acquiring an additional 4,000 shares in the last quarter. Cadent Capital Advisors LLC grew its holdings in shares of Alliance Resource Partners by 15.7% in the 1st quarter. Cadent Capital Advisors LLC now owns 40,599 shares of the energy company’s stock valued at $235,000 after acquiring an additional 5,499 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Alliance Resource Partners in the 4th quarter valued at about $46,000. Geode Capital Management LLC grew its holdings in shares of Alliance Resource Partners by 17.0% in the 1st quarter. Geode Capital Management LLC now owns 92,568 shares of the energy company’s stock valued at $536,000 after acquiring an additional 13,449 shares in the last quarter. Finally, Fairbanks Capital Management Inc. grew its holdings in shares of Alliance Resource Partners by 13.7% in the 1st quarter. Fairbanks Capital Management Inc. now owns 235,886 shares of the energy company’s stock valued at $1,368,000 after acquiring an additional 28,500 shares in the last quarter. 18.03% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have recently weighed in on ARLP. TheStreet upgraded Alliance Resource Partners from a “d+” rating to a “c” rating in a report on Wednesday, May 5th. Zacks Investment Research upgraded Alliance Resource Partners from a “sell” rating to a “hold” rating in a report on Tuesday, April 13th.

Alliance Resource Partners stock traded up $0.13 during midday trading on Thursday, reaching $7.26. 8,676 shares of the company’s stock were exchanged, compared to its average volume of 402,045. Alliance Resource Partners, L.P. has a 52 week low of $2.63 and a 52 week high of $7.92. The company has a current ratio of 1.22, a quick ratio of 0.81 and a debt-to-equity ratio of 0.44. The company has a market cap of $923.40 million, a price-to-earnings ratio of 22.90 and a beta of 1.81. The firm has a 50-day moving average price of $6.76.

Alliance Resource Partners (NASDAQ:ARLP) last posted its quarterly earnings results on Sunday, April 25th. The energy company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.05). Alliance Resource Partners had a return on equity of 3.80% and a net margin of 3.11%. The business had revenue of $318.62 million for the quarter, compared to the consensus estimate of $348.50 million. During the same quarter in the previous year, the business posted ($1.14) EPS.

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 14th. Stockholders of record on Friday, May 7th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 5.51%. The ex-dividend date was Thursday, May 6th. Alliance Resource Partners’s dividend payout ratio is presently 181.82%.

Alliance Resource Partners 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 three segments: Illinois Basin, Appalachia, and Minerals. It produces a range of thermal and metallurgical coal with sulfur and heat contents.

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Institutional Ownership by Quarter for Alliance Resource Partners (NASDAQ:ARLP)

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