Alliance Resource Partners, L.P. (ARLP) Stake Raised by Kayne Anderson Capital Advisors LP

Kayne Anderson Capital Advisors LP grew its stake in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP) by 37.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,000 shares of the energy company’s stock after buying an additional 10,000 shares during the period. Kayne Anderson Capital Advisors LP’s holdings in Alliance Resource Partners were worth $754,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Cornerstone Wealth Management LLC bought a new stake in shares of Alliance Resource Partners in the 2nd quarter valued at $3,135,000. Meritage Portfolio Management acquired a new position in Alliance Resource Partners in the 2nd quarter worth $3,367,000. Commonwealth Equity Services LLC boosted its stake in Alliance Resource Partners by 29.0% in the 2nd quarter. Commonwealth Equity Services LLC now owns 16,478 shares of the energy company’s stock worth $302,000 after purchasing an additional 3,708 shares during the period. Sumitomo Mitsui Trust Holdings Inc. acquired a new position in Alliance Resource Partners in the 2nd quarter worth $597,000. Finally, First Manhattan Co. boosted its stake in Alliance Resource Partners by 40.9% in the 2nd quarter. First Manhattan Co. now owns 581,218 shares of the energy company’s stock worth $10,665,000 after purchasing an additional 168,579 shares during the period. Hedge funds and other institutional investors own 29.38% of the company’s stock.

Alliance Resource Partners stock opened at $19.40 on Friday. Alliance Resource Partners, L.P. has a one year low of $15.55 and a one year high of $21.90. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.13 and a quick ratio of 0.85. The stock has a market cap of $2.52 billion, a PE ratio of 8.45 and a beta of 0.79.

Alliance Resource Partners (NASDAQ:ARLP) last posted its quarterly earnings data on Monday, October 29th. The energy company reported $0.55 EPS for the quarter, missing the Zacks’ consensus estimate of $0.75 by ($0.20). Alliance Resource Partners had a return on equity of 25.32% and a net margin of 19.96%. The business had revenue of $497.80 million for the quarter, compared to analyst estimates of $506.23 million. During the same quarter in the prior year, the company earned $0.52 earnings per share. The company’s quarterly revenue was up 9.8% on a year-over-year basis. On average, sell-side analysts expect that Alliance Resource Partners, L.P. will post 2.53 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 14th. Stockholders of record on Wednesday, November 7th were paid a dividend of $0.525 per share. The ex-dividend date of this dividend was Tuesday, November 6th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 10.82%. Alliance Resource Partners’s dividend payout ratio is 73.17%.

A number of equities analysts recently weighed in on ARLP shares. ValuEngine raised shares of Alliance Resource Partners from a “sell” rating to a “hold” rating in a research note on Tuesday, July 31st. BidaskClub raised shares of Alliance Resource Partners from a “sell” rating to a “hold” rating in a research note on Tuesday, October 2nd. Zacks Investment Research lowered shares of Alliance Resource Partners from a “buy” rating to a “hold” rating in a research note on Monday, November 12th. Finally, TheStreet upgraded shares of Alliance Resource Partners from a “c+” rating to a “b” rating in a research note on Monday, October 29th. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $23.20.

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Alliance Resource Partners Profile

Alliance Resource Partners, L.P. produces and markets coal primarily to utilities and industrial users in the United States. The company operates through two segments, Illinois Basin and Appalachia. It produces a range of steam and metallurgical coal with sulfur and heat contents. The company operates eight underground mining complexes in Illinois, Indiana, Kentucky, Maryland, and West Virginia.

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

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