Cetera Investment Advisers Sells 2,445 Shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP)

Cetera Investment Advisers lessened its holdings in Alliance Resource Partners, L.P. (NASDAQ:ARLP) by 4.7% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 49,356 shares of the energy company’s stock after selling 2,445 shares during the quarter. Cetera Investment Advisers’ holdings in Alliance Resource Partners were worth $1,207,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Continuum Advisory LLC purchased a new stake in Alliance Resource Partners in the second quarter worth approximately $27,000. Beacon Capital Management LLC lifted its position in shares of Alliance Resource Partners by 135.8% in the second quarter. Beacon Capital Management LLC now owns 1,462 shares of the energy company’s stock worth $36,000 after buying an additional 842 shares in the last quarter. Cove Street Capital LLC purchased a new position in shares of Alliance Resource Partners in the 2nd quarter worth $49,000. Mather Group LLC. purchased a new stake in Alliance Resource Partners during the 2nd quarter valued at $51,000. Finally, Pathway Financial Advisers LLC purchased a new position in shares of Alliance Resource Partners during the first quarter valued at approximately $54,000. Hedge funds and other institutional investors own 18.11% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Benchmark raised their price target on Alliance Resource Partners from $25.00 to $26.00 and gave the company a “buy” rating in a research note on Tuesday, July 30th. StockNews.com lowered shares of Alliance Resource Partners from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 31st.

Alliance Resource Partners Stock Performance

ARLP opened at $24.94 on Thursday. Alliance Resource Partners, L.P. has a twelve month low of $18.32 and a twelve month high of $26.21. The company has a current ratio of 2.53, a quick ratio of 1.80 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $3.19 billion, a PE ratio of 5.46 and a beta of 1.13. The firm’s 50-day moving average price is $24.03 and its 200 day moving average price is $23.59.

Alliance Resource Partners (NASDAQ:ARLP) last released its quarterly earnings results on Monday, July 29th. The energy company reported $0.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.16). The company had revenue of $593.35 million during the quarter, compared to analysts’ expectations of $624.72 million. Alliance Resource Partners had a net margin of 21.04% and a return on equity of 27.54%. During the same period last year, the firm posted $1.30 earnings per share. As a group, sell-side analysts expect that Alliance Resource Partners, L.P. will post 3.56 EPS for the current fiscal year.

Alliance Resource Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Wednesday, August 7th were issued a $0.70 dividend. The ex-dividend date of this dividend was Wednesday, August 7th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 11.23%. Alliance Resource Partners’s payout ratio is currently 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.