10,308 Shares in Alliance Resource Partners, L.P. (NASDAQ:ARLP) Acquired by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. acquired a new stake in Alliance Resource Partners, L.P. (NASDAQ:ARLP) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 10,308 shares of the energy company’s stock, valued at approximately $271,000.

Other institutional investors have also recently bought and sold shares of the company. BNP Paribas Financial Markets boosted its position in shares of 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 purchasing an additional 7,321 shares during the last quarter. Progeny 3 Inc. lifted its stake in Alliance Resource Partners by 3.4% in the third quarter. Progeny 3 Inc. now owns 2,904,181 shares of the energy company’s stock valued at $72,605,000 after buying an additional 96,780 shares during the period. Integrated Wealth Concepts LLC bought a new position in Alliance Resource Partners during the third quarter worth about $206,000. NFC Investments LLC grew its position in shares of Alliance Resource Partners by 2.5% during the 3rd quarter. NFC Investments LLC now owns 69,800 shares of the energy company’s stock worth $1,745,000 after buying an additional 1,700 shares during the period. Finally, Recurrent Investment Advisors LLC grew its position 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 buying an additional 66,761 shares during the period. Institutional investors and hedge funds own 18.11% of the company’s stock.

Insider Buying and Selling at Alliance Resource Partners

In other news, SVP Timothy J. Whelan sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $25.13, for a total transaction of $1,256,500.00. Following the completion of the transaction, the senior vice president now directly owns 93,850 shares of the company’s stock, valued at $2,358,450.50. This trade represents a 34.76 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 16.80% of the company’s stock.

Analysts Set New Price Targets

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

Alliance Resource Partners Trading Up 0.0 %

NASDAQ:ARLP opened at $26.56 on Wednesday. The business’s 50-day simple moving average is $26.73 and its 200-day simple moving average is $26.15. Alliance Resource Partners, L.P. has a fifty-two week low of $19.81 and a fifty-two week high of $30.56. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.36 and a quick ratio of 1.69. The stock has a market capitalization of $3.41 billion, a PE ratio of 9.62 and a beta of 1.09.

Alliance Resource Partners (NASDAQ:ARLP) last released its quarterly earnings results on Monday, February 3rd. The energy company reported $0.22 earnings per share 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%. Sell-side analysts expect that Alliance Resource Partners, L.P. will post 2.72 earnings per share for the current fiscal year.

Alliance Resource Partners Dividend Announcement

The company 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. This represents a $2.80 dividend on an annualized basis and a yield of 10.54%. The ex-dividend date was Friday, February 7th. Alliance Resource Partners’s dividend payout ratio (DPR) is presently 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.