Stratos Wealth Partners LTD. Boosts Holdings in Alliance Resource Partners, L.P. (NASDAQ:ARLP)

Stratos Wealth Partners LTD. increased its stake in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP) by 50.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,813 shares of the energy company’s stock after buying an additional 4,324 shares during the period. Stratos Wealth Partners LTD.’s holdings in Alliance Resource Partners were worth $337,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. USA Financial Formulas purchased a new position in shares of Alliance Resource Partners in the fourth quarter worth about $33,000. Eastern Bank bought a new stake in shares of Alliance Resource Partners in the third quarter valued at approximately $72,000. Integrated Wealth Concepts LLC bought a new stake in shares of Alliance Resource Partners in the third quarter valued at approximately $206,000. Dakota Wealth Management bought a new stake in shares of Alliance Resource Partners in the third quarter valued at approximately $251,000. Finally, DAVENPORT & Co LLC bought a new stake in shares of Alliance Resource Partners in the fourth quarter valued at approximately $285,000. Hedge funds and other institutional investors own 18.11% of the company’s stock.

Insiders Place Their Bets

In other Alliance Resource Partners news, SVP Timothy J. Whelan sold 10,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the senior vice president now owns 157,946 shares of the company’s stock, valued at $4,422,488. The trade was a 5.95 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 16.80% of the company’s stock.

Analyst Upgrades and Downgrades

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

Alliance Resource Partners Price Performance

Shares of NASDAQ:ARLP opened at $26.16 on Thursday. The company has a 50 day moving average of $26.89 and a 200 day moving average of $25.67. The stock has a market cap of $3.35 billion, a P/E ratio of 9.48 and a beta of 1.16. Alliance Resource Partners, L.P. has a 12 month low of $18.32 and a 12 month high of $30.56. 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 (NASDAQ:ARLP) last issued its quarterly earnings data 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 net margin of 14.74% and a return on equity of 19.09%. As a group, sell-side analysts forecast that Alliance Resource Partners, L.P. will post 2.72 EPS for the current fiscal year.

Alliance Resource Partners Announces Dividend

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

Alliance Resource Partners Company 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.