Stratos Wealth Partners LTD. Purchases 4,324 Shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP)

Stratos Wealth Partners LTD. boosted its position in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP) by 50.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 12,813 shares of the energy company’s stock after acquiring an additional 4,324 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Alliance Resource Partners were worth $337,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ARLP. Atlanta Consulting Group Advisors LLC bought a new stake in Alliance Resource Partners during the 3rd quarter valued at $29,144,000. Progeny 3 Inc. raised its holdings in Alliance Resource Partners by 3.4% during the 3rd 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 last quarter. Recurrent Investment Advisors LLC raised its holdings in 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 valued at $28,629,000 after buying an additional 66,761 shares during the last quarter. Pathway Financial Advisers LLC raised its holdings in Alliance Resource Partners by 2,400.0% during the 3rd quarter. Pathway Financial Advisers LLC now owns 67,675 shares of the energy company’s stock valued at $1,692,000 after buying an additional 64,968 shares during the last quarter. Finally, International Assets Investment Management LLC bought a new position in Alliance Resource Partners in the 3rd quarter worth $7,500,000. 18.11% of the stock is currently owned by institutional investors.

Alliance Resource Partners Stock Down 1.1 %

NASDAQ:ARLP opened at $26.16 on Thursday. The firm’s 50-day moving average price is $26.89 and its 200-day moving average price is $25.67. The company has a market capitalization of $3.35 billion, a PE ratio of 9.48 and a beta of 1.16. 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.

Alliance Resource Partners (NASDAQ:ARLP) last released its earnings results on Monday, February 3rd. The energy company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates 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, equities analysts predict that Alliance Resource Partners, L.P. will post 2.72 EPS for the current fiscal year.

Alliance Resource Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, February 7th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 10.70%. The ex-dividend date is Friday, February 7th. Alliance Resource Partners’s dividend payout ratio (DPR) is 101.45%.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Singular Research lowered shares of Alliance Resource Partners from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, December 2nd. StockNews.com lowered shares of Alliance Resource Partners from a “buy” rating to a “hold” rating in a report on Wednesday, February 5th. Finally, Benchmark restated a “buy” rating and issued a $29.00 price objective (up from $27.00) on shares of Alliance Resource Partners in a report on Tuesday, February 4th.

Insider Activity at Alliance Resource Partners

In other news, SVP Timothy J. Whelan sold 10,000 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $28.00, for a total transaction of $280,000.00. Following the sale, the senior vice president now owns 157,946 shares of the company’s stock, valued at $4,422,488. This trade represents a 5.95 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 16.80% of the stock is currently owned by 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.