Allworth Financial LP Cuts Position in Alliance Resource Partners, L.P. (NASDAQ:ARLP)

Allworth Financial LP lessened its holdings in Alliance Resource Partners, L.P. (NASDAQ:ARLP) by 64.8% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,086 shares of the energy company’s stock after selling 2,000 shares during the period. Allworth Financial LP’s holdings in Alliance Resource Partners were worth $30,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ARLP. Atlanta Consulting Group Advisors LLC purchased a new position in shares of Alliance Resource Partners in the 3rd quarter worth approximately $29,144,000. Progeny 3 Inc. boosted its stake in shares of Alliance Resource Partners by 3.4% in the 3rd quarter. Progeny 3 Inc. now owns 2,904,181 shares of the energy company’s stock worth $72,605,000 after buying an additional 96,780 shares during the last quarter. Recurrent Investment Advisors LLC raised its holdings in shares of Alliance Resource Partners by 6.2% in 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. Hidden Cove Wealth Management LLC bought a new stake in shares of Alliance Resource Partners in the 4th quarter worth approximately $922,000. Finally, International Assets Investment Management LLC bought a new stake in shares of Alliance Resource Partners in the 3rd quarter worth approximately $7,500,000. Hedge funds and other institutional investors own 18.11% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ARLP. StockNews.com cut shares of Alliance Resource Partners from a “buy” rating to a “hold” rating in a report on Wednesday, February 5th. Singular Research cut shares of Alliance Resource Partners from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, December 2nd. Finally, Benchmark reaffirmed a “buy” rating and issued a $29.00 price target (up previously from $27.00) on shares of Alliance Resource Partners in a report on Tuesday, February 4th.

Insider Buying and Selling at Alliance Resource Partners

In other news, SVP Timothy J. Whelan sold 10,000 shares of the company’s stock in a transaction 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 transaction, the senior vice president now owns 157,946 shares of the company’s stock, valued at approximately $4,422,488. This represents a 5.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 16.80% of the company’s stock.

Alliance Resource Partners Trading Up 0.9 %

Shares of ARLP stock opened at $26.57 on Wednesday. The company’s fifty day simple moving average is $26.98 and its two-hundred day simple moving average is $25.87. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.36 and a quick ratio of 1.69. Alliance Resource Partners, L.P. has a 1 year low of $18.32 and a 1 year high of $30.56. The stock has a market capitalization of $3.40 billion, a price-to-earnings ratio of 9.63 and a beta of 1.16.

Alliance Resource Partners (NASDAQ:ARLP) last issued its 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 net margin of 14.74% and a return on equity of 19.09%. As a group, analysts anticipate that Alliance Resource Partners, L.P. will post 2.72 earnings per share for the current year.

Alliance Resource Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were issued a dividend of $0.70 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $2.80 dividend on an annualized basis and a yield of 10.54%. Alliance Resource Partners’s payout ratio is 101.45%.

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.