1,002 Shares in Alliance Resource Partners, L.P. (NASDAQ:ARLP) Acquired by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC purchased a new position in Alliance Resource Partners, L.P. (NASDAQ:ARLP) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,002 shares of the energy company’s stock, valued at approximately $26,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. BNP Paribas Financial Markets increased its holdings in Alliance Resource Partners by 48.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 22,446 shares of the energy company’s stock worth $561,000 after buying an additional 7,321 shares during the period. Oppenheimer & Co. Inc. acquired a new position in Alliance Resource Partners in the 4th quarter worth approximately $495,000. Recurrent Investment Advisors LLC grew its stake in shares of Alliance Resource Partners by 6.2% during the 3rd quarter. Recurrent Investment Advisors LLC now owns 1,145,145 shares of the energy company’s stock worth $28,629,000 after purchasing an additional 66,761 shares during the period. Cobblestone Capital Advisors LLC NY acquired a new stake in shares of Alliance Resource Partners during the 4th quarter worth approximately $283,000. Finally, Hidden Cove Wealth Management LLC purchased a new position in shares of Alliance Resource Partners during the 4th quarter valued at approximately $922,000. Institutional investors and hedge funds own 18.11% of the company’s stock.

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 shares were sold at an average price of $25.13, for a total value of $1,256,500.00. Following the completion of the sale, the senior vice president now owns 93,850 shares of the company’s stock, valued at approximately $2,358,450.50. The trade was a 34.76 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 16.80% of the stock is owned by insiders.

Alliance Resource Partners Price Performance

Shares of NASDAQ ARLP opened at $26.16 on Thursday. The firm has a market cap of $3.36 billion, a PE ratio of 9.48 and a beta of 1.09. The firm has a fifty day moving average of $26.77 and a 200 day moving average of $26.04. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 2.36. Alliance Resource Partners, L.P. has a one year low of $19.65 and a one year high of $30.56.

Alliance Resource Partners (NASDAQ:ARLP) last issued 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, research analysts predict that Alliance Resource Partners, L.P. will post 2.72 EPS for the current fiscal year.

Alliance Resource Partners Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 10.70%. The ex-dividend date was Friday, February 7th. Alliance Resource Partners’s payout ratio is presently 101.45%.

Analyst Upgrades and Downgrades

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

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.