Cadent Capital Advisors LLC Purchases 2,377 Shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP)

Cadent Capital Advisors LLC grew its position in Alliance Resource Partners, L.P. (NASDAQ:ARLP) by 11.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,363 shares of the energy company’s stock after acquiring an additional 2,377 shares during the period. Cadent Capital Advisors LLC’s holdings in Alliance Resource Partners were worth $584,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Magnolia Group LLC increased its holdings in Alliance Resource Partners by 7.1% during the 1st quarter. Magnolia Group LLC now owns 3,443,871 shares of the energy company’s stock valued at $69,050,000 after purchasing an additional 229,700 shares in the last quarter. Progeny 3 Inc. grew its holdings in shares of Alliance Resource Partners by 2.8% during the second quarter. Progeny 3 Inc. now owns 2,807,401 shares of the energy company’s stock worth $68,669,000 after purchasing an additional 75,340 shares during the last quarter. Atlanta Consulting Group Advisors LLC acquired a new stake in shares of Alliance Resource Partners in the first quarter valued at $23,567,000. Goldman Sachs Group Inc. raised its holdings in shares of Alliance Resource Partners by 0.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 858,939 shares of the energy company’s stock valued at $18,192,000 after buying an additional 7,870 shares during the last quarter. Finally, Adams Asset Advisors LLC lifted its position in Alliance Resource Partners by 1.6% during the 2nd quarter. Adams Asset Advisors LLC now owns 315,967 shares of the energy company’s stock worth $7,729,000 after buying an additional 5,082 shares in the last quarter. Institutional investors own 18.11% of the company’s stock.

Analysts Set New Price Targets

ARLP has been the subject of a number of research analyst reports. StockNews.com downgraded shares of Alliance Resource Partners from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 31st. Benchmark boosted their price objective on shares of Alliance Resource Partners from $25.00 to $26.00 and gave the stock a “buy” rating in a research report on Tuesday, July 30th.

Alliance Resource Partners Trading Up 0.5 %

Shares of ARLP opened at $25.10 on Friday. The stock’s fifty day simple moving average is $24.12 and its 200-day simple moving average is $23.65. The company has a quick ratio of 1.80, a current ratio of 2.53 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $3.21 billion, a PE ratio of 5.49 and a beta of 1.13. Alliance Resource Partners, L.P. has a 12-month low of $18.32 and a 12-month high of $26.21.

Alliance Resource Partners (NASDAQ:ARLP) last issued its earnings results on Monday, July 29th. The energy company reported $0.77 EPS for the quarter, missing the consensus estimate of $0.93 by ($0.16). The business had revenue of $593.35 million for the quarter, compared to the consensus estimate of $624.72 million. Alliance Resource Partners had a net margin of 21.04% and a return on equity of 27.54%. During the same quarter in the previous year, the firm posted $1.30 EPS. As a group, research analysts predict that Alliance Resource Partners, L.P. will post 3.56 earnings per share for the current year.

Alliance Resource Partners Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Shareholders of record on Wednesday, August 7th were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 11.16%. The ex-dividend date of this dividend was Wednesday, August 7th. Alliance Resource Partners’s dividend payout ratio (DPR) is currently 61.27%.

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.