Creative Planning Has $1.08 Million Stake in Alliance Resource Partners, L.P. $ARLP

Creative Planning lowered its holdings in Alliance Resource Partners, L.P. (NASDAQ:ARLP) by 36.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,162 shares of the energy company’s stock after selling 23,564 shares during the period. Creative Planning’s holdings in Alliance Resource Partners were worth $1,076,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. MCF Advisors LLC boosted its position in Alliance Resource Partners by 37.7% during the second quarter. MCF Advisors LLC now owns 1,377 shares of the energy company’s stock valued at $36,000 after purchasing an additional 377 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Alliance Resource Partners by 3.3% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 11,850 shares of the energy company’s stock worth $315,000 after acquiring an additional 380 shares in the last quarter. Concurrent Investment Advisors LLC lifted its stake in Alliance Resource Partners by 1.7% in the second quarter. Concurrent Investment Advisors LLC now owns 30,476 shares of the energy company’s stock valued at $797,000 after acquiring an additional 501 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Alliance Resource Partners by 0.7% in the 2nd quarter. Geode Capital Management LLC now owns 118,249 shares of the energy company’s stock valued at $3,091,000 after acquiring an additional 855 shares during the period. Finally, SVB Wealth LLC bought a new stake in shares of Alliance Resource Partners in the 1st quarter valued at about $32,000. Institutional investors own 18.11% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on ARLP shares. Wall Street Zen downgraded Alliance Resource Partners from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 23rd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Alliance Resource Partners in a research report on Wednesday. Benchmark reaffirmed a “buy” rating on shares of Alliance Resource Partners in a report on Tuesday, October 28th. Alliance Global Partners began coverage on shares of Alliance Resource Partners in a research report on Wednesday, September 24th. They set a “buy” rating for the company. Finally, Industrial Alliance Securities set a $30.00 target price on Alliance Resource Partners in a research report on Wednesday, September 24th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Alliance Resource Partners has a consensus rating of “Moderate Buy” and a consensus target price of $29.50.

Alliance Resource Partners Stock Up 1.7%

Shares of NASDAQ ARLP opened at $24.49 on Friday. The stock has a market capitalization of $3.14 billion, a P/E ratio of 13.02 and a beta of 0.55. The stock’s fifty day moving average is $24.52 and its 200 day moving average is $25.12. Alliance Resource Partners, L.P. has a 52 week low of $22.20 and a 52 week high of $30.56. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.37 and a current ratio of 1.96.

Alliance Resource Partners (NASDAQ:ARLP) last posted its quarterly earnings data on Monday, October 27th. The energy company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.03. Alliance Resource Partners had a net margin of 10.88% and a return on equity of 14.75%. The business had revenue of $571.40 million during the quarter, compared to analysts’ expectations of $567.03 million. Sell-side analysts forecast that Alliance Resource Partners, L.P. will post 2.72 earnings per share for the current fiscal year.

Alliance Resource Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Friday, November 7th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 9.8%. The ex-dividend date of this dividend was Friday, November 7th. Alliance Resource Partners’s dividend payout ratio (DPR) is 127.66%.

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.