NFC Investments LLC Purchases 1,700 Shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP)

NFC Investments LLC increased its position in Alliance Resource Partners, L.P. (NASDAQ:ARLP) by 2.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 69,800 shares of the energy company’s stock after acquiring an additional 1,700 shares during the period. Alliance Resource Partners makes up about 0.5% of NFC Investments LLC’s portfolio, making the stock its 23rd biggest holding. NFC Investments LLC’s holdings in Alliance Resource Partners were worth $1,745,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Pathway Financial Advisers LLC lifted its stake in Alliance Resource Partners by 2,400.0% in the 3rd quarter. Pathway Financial Advisers LLC now owns 67,675 shares of the energy company’s stock valued at $1,692,000 after buying an additional 64,968 shares in the last quarter. Creative Planning raised its position in Alliance Resource Partners by 89.8% in the second quarter. Creative Planning now owns 72,099 shares of the energy company’s stock valued at $1,764,000 after purchasing an additional 34,106 shares during the period. Atlanta Consulting Group Advisors LLC purchased a new position in Alliance Resource Partners during the third quarter worth about $29,144,000. International Assets Investment Management LLC purchased a new stake in Alliance Resource Partners in the third quarter valued at approximately $7,500,000. Finally, Crescent Grove Advisors LLC increased its stake in Alliance Resource Partners by 15.5% during the third quarter. Crescent Grove Advisors LLC now owns 208,793 shares of the energy company’s stock worth $5,220,000 after purchasing an additional 28,016 shares during the period. Institutional investors and hedge funds own 18.11% of the company’s stock.

Alliance Resource Partners Stock Performance

Shares of NASDAQ:ARLP traded down $0.06 during trading on Tuesday, reaching $27.74. 21,640 shares of the company’s stock traded hands, compared to its average volume of 383,492. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.36 and a quick ratio of 1.69. The company has a 50 day moving average of $26.00 and a 200-day moving average of $24.71. The stock has a market capitalization of $3.55 billion, a P/E ratio of 7.90 and a beta of 1.16. Alliance Resource Partners, L.P. has a 12 month low of $18.32 and a 12 month high of $29.44.

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

Alliance Resource Partners Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Thursday, November 7th were given a $0.70 dividend. 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 79.55%.

Analyst Ratings Changes

Several research firms have recently issued reports on ARLP. Benchmark lifted their price objective on shares of Alliance Resource Partners from $26.00 to $27.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. Singular Research downgraded Alliance Resource Partners from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday. Finally, StockNews.com lowered shares of Alliance Resource Partners from a “strong-buy” rating to a “buy” rating in a report on Friday, November 15th.

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.