Alliance Resource Partners, L.P. (NASDAQ:ARLP) Shares Sold by D.A. Davidson & CO.

D.A. Davidson & CO. lowered its position in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP) by 25.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,699 shares of the energy company’s stock after selling 5,111 shares during the period. D.A. Davidson & CO.’s holdings in Alliance Resource Partners were worth $386,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of ARLP. USA Financial Formulas acquired a new position in shares of Alliance Resource Partners during the 4th quarter worth about $33,000. Bogart Wealth LLC acquired a new position in Alliance Resource Partners in the fourth quarter valued at approximately $127,000. Integrated Wealth Concepts LLC purchased a new position in Alliance Resource Partners in the third quarter valued at approximately $206,000. DAVENPORT & Co LLC acquired a new stake in Alliance Resource Partners during the fourth quarter worth approximately $285,000. Finally, Moors & Cabot Inc. purchased a new stake in shares of Alliance Resource Partners during the 3rd quarter worth approximately $304,000. Hedge funds and other institutional investors own 18.11% of the company’s stock.

Alliance Resource Partners Stock Up 1.1 %

Shares of NASDAQ:ARLP opened at $26.85 on Thursday. Alliance Resource Partners, L.P. has a 1-year low of $18.32 and a 1-year high of $30.56. 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 stock has a market cap of $3.44 billion, a P/E ratio of 9.73 and a beta of 1.16. The firm has a fifty day moving average price of $27.00 and a 200 day moving average price of $25.88.

Alliance Resource Partners (NASDAQ:ARLP) last released its quarterly earnings results on Monday, February 3rd. The energy company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.38). Alliance Resource Partners had a return on equity of 19.09% and a net margin of 14.74%. Sell-side analysts predict that Alliance Resource Partners, L.P. will post 2.72 EPS for the current year.

Alliance Resource Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were paid a $0.70 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $2.80 annualized dividend and a yield of 10.43%. Alliance Resource Partners’s dividend payout ratio is currently 101.45%.

Analysts Set New Price Targets

ARLP has been the topic of several research analyst reports. Benchmark reiterated a “buy” rating and set a $29.00 price target (up from $27.00) on shares of Alliance Resource Partners in a research note on Tuesday, February 4th. Singular Research cut Alliance Resource Partners from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, December 2nd. Finally, StockNews.com cut Alliance Resource Partners from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th.

Insiders Place Their Bets

In related news, SVP Timothy J. Whelan sold 10,000 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $28.00, for a total value of $280,000.00. Following the completion of the sale, the senior vice president now owns 157,946 shares in the company, valued at $4,422,488. This trade represents a 5.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 16.80% of the stock is owned by insiders.

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.