Raymond James Financial Inc. Takes $14.56 Million Position in Alliance Resource Partners, L.P. (NASDAQ:ARLP)

Raymond James Financial Inc. acquired a new stake in Alliance Resource Partners, L.P. (NASDAQ:ARLP) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 553,970 shares of the energy company’s stock, valued at approximately $14,564,000. Raymond James Financial Inc. owned about 0.43% of Alliance Resource Partners at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of ARLP. Moors & Cabot Inc. purchased a new stake in shares of Alliance Resource Partners in the third quarter worth approximately $304,000. AlphaCore Capital LLC lifted its stake in shares of Alliance Resource Partners by 3.0% during the 3rd quarter. AlphaCore Capital LLC now owns 17,203 shares of the energy company’s stock worth $430,000 after acquiring an additional 503 shares during the last quarter. Pekin Hardy Strauss Inc. lifted its stake in shares of Alliance Resource Partners by 0.9% during the 3rd quarter. Pekin Hardy Strauss Inc. now owns 46,905 shares of the energy company’s stock worth $1,173,000 after acquiring an additional 400 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Alliance Resource Partners by 48.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 22,446 shares of the energy company’s stock worth $561,000 after acquiring an additional 7,321 shares during the last quarter. Finally, Progeny 3 Inc. lifted its stake in shares of Alliance Resource Partners by 3.4% during the 3rd quarter. Progeny 3 Inc. now owns 2,904,181 shares of the energy company’s stock worth $72,605,000 after acquiring an additional 96,780 shares during the last quarter. 18.11% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, SVP Timothy J. Whelan sold 50,000 shares of the business’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $25.13, for a total transaction of $1,256,500.00. Following the transaction, the senior vice president now directly owns 93,850 shares in the company, valued at $2,358,450.50. The trade was a 34.76 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 16.80% of the stock is owned by company insiders.

Alliance Resource Partners Trading Up 2.5 %

ARLP opened at $25.53 on Wednesday. The firm has a market cap of $3.28 billion, a price-to-earnings ratio of 9.25 and a beta of 1.09. The company has a current ratio of 2.36, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. Alliance Resource Partners, L.P. has a 12 month low of $19.65 and a 12 month high of $30.56. The stock has a fifty day moving average price of $26.78 and a 200-day moving average price of $26.04.

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

Alliance Resource Partners Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 10.97%. The ex-dividend date of this dividend was Friday, February 7th. Alliance Resource Partners’s payout ratio is 101.45%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on ARLP shares. Benchmark reissued 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. StockNews.com lowered Alliance Resource Partners from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Finally, Singular Research lowered Alliance Resource Partners from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, December 2nd.

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.