Tower Research Capital LLC TRC Buys 2,353 Shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP)

Tower Research Capital LLC TRC increased its position in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP) by 223.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,406 shares of the energy company’s stock after purchasing an additional 2,353 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Alliance Resource Partners were worth $90,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Tidal Investments LLC grew its stake in Alliance Resource Partners by 1.2% during the third quarter. Tidal Investments LLC now owns 34,283 shares of the energy company’s stock worth $857,000 after buying an additional 391 shares during the last quarter. Cadent Capital Advisors LLC boosted its holdings in shares of Alliance Resource Partners by 1.9% in the 4th quarter. Cadent Capital Advisors LLC now owns 23,816 shares of the energy company’s stock worth $626,000 after acquiring an additional 453 shares in the last quarter. BCS Wealth Management grew its position in Alliance Resource Partners by 2.4% during the 4th quarter. BCS Wealth Management now owns 19,971 shares of the energy company’s stock worth $525,000 after acquiring an additional 476 shares during the last quarter. Steward Partners Investment Advisory LLC acquired a new stake in Alliance Resource Partners during the 4th quarter valued at $26,000. Finally, Geode Capital Management LLC raised its position in Alliance Resource Partners by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 120,294 shares of the energy company’s stock valued at $3,163,000 after purchasing an additional 1,200 shares during the last quarter. 18.11% of the stock is owned by institutional investors.

Alliance Resource Partners Stock Performance

ARLP stock opened at $24.94 on Friday. The stock has a market capitalization of $3.20 billion, a PE ratio of 9.04 and a beta of 0.52. 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 company has a 50 day moving average price of $26.24 and a 200 day moving average price of $26.62. Alliance Resource Partners, L.P. has a fifty-two week low of $21.95 and a fifty-two week high of $30.56.

Alliance Resource Partners (NASDAQ:ARLP) last released its earnings results on Monday, April 28th. The energy company reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.03). The firm had revenue of $540.47 million for the quarter, compared to the consensus estimate of $556.31 million. Alliance Resource Partners had a return on equity of 19.09% and a net margin of 14.74%. Analysts forecast that Alliance Resource Partners, L.P. will post 2.72 EPS for the current year.

Alliance Resource Partners Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 8th will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 11.23%. The ex-dividend date of this dividend is Thursday, May 8th. Alliance Resource Partners’s dividend payout ratio (DPR) is presently 132.08%.

Analyst Upgrades and Downgrades

ARLP has been the topic of several research analyst reports. Benchmark restated a “buy” rating and set a $29.00 target price on shares of Alliance Resource Partners in a report on Tuesday, April 29th. StockNews.com raised shares of Alliance Resource Partners from a “hold” rating to a “buy” rating in a report on Sunday, May 4th.

Insider Transactions at Alliance Resource Partners

In other Alliance Resource Partners 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 value of $1,256,500.00. Following the transaction, the senior vice president now directly owns 93,850 shares of the company’s stock, valued at approximately $2,358,450.50. This trade represents a 34.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 16.80% of the stock is owned by corporate insiders.

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.