Alliance Resource Partners, L.P. (NASDAQ:ARLP) Shares Purchased by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC boosted its position in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP) by 13.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 80,841 shares of the energy company’s stock after acquiring an additional 9,451 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Alliance Resource Partners were worth $2,125,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC acquired a new stake in shares of Alliance Resource Partners during the fourth quarter worth about $26,000. USA Financial Formulas purchased a new stake in Alliance Resource Partners during the 4th quarter valued at approximately $33,000. Bogart Wealth LLC acquired a new stake in Alliance Resource Partners during the 4th quarter worth approximately $127,000. MONECO Advisors LLC purchased a new position in shares of Alliance Resource Partners in the 4th quarter valued at approximately $201,000. Finally, Meridian Wealth Management LLC acquired a new position in shares of Alliance Resource Partners in the fourth quarter valued at approximately $202,000. Hedge funds and other institutional investors own 18.11% of the company’s stock.

Insider Activity

In other news, SVP Timothy J. Whelan sold 50,000 shares of the stock in a transaction that occurred 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 sale, the senior vice president now directly owns 93,850 shares in the company, valued at $2,358,450.50. This represents a 34.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 16.80% of the company’s stock.

Alliance Resource Partners Stock Up 0.4 %

ARLP stock opened at $26.60 on Friday. The company has a current ratio of 2.36, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. The company’s 50-day moving average price is $26.68 and its 200 day moving average price is $26.16. Alliance Resource Partners, L.P. has a 52 week low of $20.02 and a 52 week high of $30.56. The company has a market cap of $3.42 billion, a P/E ratio of 9.64 and a beta of 1.09.

Alliance Resource Partners (NASDAQ:ARLP) last announced 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%. On average, research 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 $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 10.53%. The ex-dividend date was Friday, February 7th. Alliance Resource Partners’s dividend payout ratio (DPR) is 101.45%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. 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 restated a “buy” rating and issued a $29.00 price target (up from $27.00) on shares of Alliance Resource Partners in a research note on Tuesday, February 4th. Finally, Singular Research lowered Alliance Resource Partners from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, December 2nd.

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.