NFC Investments LLC Grows Stock Position in Alliance Resource Partners, L.P. (NASDAQ:ARLP)

NFC Investments LLC boosted its stake in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP) by 2.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 69,800 shares of the energy company’s stock after acquiring an additional 1,700 shares during the quarter. Alliance Resource Partners accounts for about 0.5% of NFC Investments LLC’s investment portfolio, making the stock its 23rd largest holding. NFC Investments LLC owned approximately 0.05% of Alliance Resource Partners worth $1,745,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Continuum Advisory LLC purchased a new stake in Alliance Resource Partners in the 2nd quarter worth approximately $27,000. Beacon Capital Management LLC lifted its position in shares of Alliance Resource Partners by 135.8% in the 2nd quarter. Beacon Capital Management LLC now owns 1,462 shares of the energy company’s stock worth $36,000 after purchasing an additional 842 shares during the period. Cove Street Capital LLC bought a new stake in shares of Alliance Resource Partners during the 2nd quarter valued at about $49,000. Mather Group LLC. purchased a new position in shares of Alliance Resource Partners during the second quarter valued at about $51,000. Finally, Eastern Bank bought a new position in Alliance Resource Partners in the third quarter worth about $72,000. 18.11% of the stock is currently owned by institutional investors.

Alliance Resource Partners Price Performance

Shares of ARLP traded down $0.06 during mid-day trading on Tuesday, hitting $27.74. 21,640 shares of the stock were exchanged, compared to its average volume of 383,492. 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 company has a market cap of $3.55 billion, a PE ratio of 7.90 and a beta of 1.16. Alliance Resource Partners, L.P. has a 52-week low of $18.32 and a 52-week high of $29.44. The firm has a 50-day moving average of $26.00 and a two-hundred day moving average of $24.71.

Alliance Resource Partners (NASDAQ:ARLP) last posted its quarterly earnings data on Monday, October 28th. The energy company reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.16). The firm had revenue of $613.57 million for the quarter, compared to the consensus estimate of $646.17 million. Alliance Resource Partners had a net margin of 18.52% and a return on equity of 23.74%. During the same quarter last year, the firm earned $1.18 EPS. On average, equities analysts predict that Alliance Resource Partners, L.P. will post 3.2 earnings per share for the current year.

Alliance Resource Partners Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Thursday, November 7th were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 10.09%. The ex-dividend date was Thursday, November 7th. Alliance Resource Partners’s dividend payout ratio (DPR) is presently 79.55%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on ARLP shares. StockNews.com cut shares of Alliance Resource Partners from a “strong-buy” rating to a “buy” rating in a report on Friday, November 15th. Singular Research downgraded Alliance Resource Partners from a “strong-buy” rating to a “moderate buy” rating in a report on Monday. Finally, Benchmark raised their price target on Alliance Resource Partners from $26.00 to $27.00 and gave the company a “buy” rating in a report on Tuesday, October 29th.

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 four segments: Illinois Basin Coal Operations, Appalachia Coal Operations, Oil & Gas Royalties, and Coal Royalties.