Axxcess Wealth Management LLC Makes New $209,000 Investment in Alliance Resource Partners, L.P. (NASDAQ:ARLP)

Axxcess Wealth Management LLC acquired a new stake in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 10,400 shares of the energy company’s stock, valued at approximately $209,000.

A number of other hedge funds have also made changes to their positions in the stock. Atlanta Consulting Group Advisors LLC bought a new stake in shares of Alliance Resource Partners in the 1st quarter worth approximately $23,567,000. NFC Investments LLC increased its holdings in Alliance Resource Partners by 28.5% during the 1st quarter. NFC Investments LLC now owns 68,100 shares of the energy company’s stock valued at $1,365,000 after purchasing an additional 15,100 shares in the last quarter. Prevail Innovative Wealth Advisors LLC acquired a new stake in shares of Alliance Resource Partners in the 1st quarter valued at $3,566,000. Texas Yale Capital Corp. increased its stake in shares of Alliance Resource Partners by 8.6% in the 1st quarter. Texas Yale Capital Corp. now owns 12,677 shares of the energy company’s stock valued at $254,000 after buying an additional 1,000 shares during the period. Finally, American Financial Group Inc. increased its stake in shares of Alliance Resource Partners by 2.0% in the 1st quarter. American Financial Group Inc. now owns 25,500 shares of the energy company’s stock valued at $511,000 after buying an additional 500 shares during the period. Institutional investors and hedge funds own 18.11% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ARLP. StockNews.com upgraded Alliance Resource Partners from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, April 30th. Benchmark reaffirmed a “buy” rating and set a $25.00 price objective on shares of Alliance Resource Partners in a research report on Tuesday, April 30th.

Alliance Resource Partners Price Performance

Shares of NASDAQ ARLP opened at $25.79 on Friday. The firm has a market cap of $3.30 billion, a P/E ratio of 5.64 and a beta of 1.15. The company has a current ratio of 2.08, a quick ratio of 1.54 and a debt-to-equity ratio of 0.18. Alliance Resource Partners, L.P. has a 1-year low of $18.32 and a 1-year high of $26.21. The business’s 50 day moving average is $24.41 and its 200-day moving average is $22.06.

Alliance Resource Partners (NASDAQ:ARLP) last issued its earnings results on Monday, April 29th. The energy company reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.28. The firm had revenue of $651.70 million for the quarter, compared to the consensus estimate of $625.32 million. Alliance Resource Partners had a return on equity of 31.68% and a net margin of 23.36%. During the same quarter last year, the business posted $1.45 EPS. Equities research analysts predict that Alliance Resource Partners, L.P. will post 3.72 earnings per share for the current year.

Alliance Resource Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 14th. Stockholders of record on Wednesday, August 7th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 10.86%. Alliance Resource Partners’s dividend payout ratio (DPR) is presently 61.27%.

About Alliance Resource Partners

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.