HighTower Advisors LLC Sells 17,240 Shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP)

HighTower Advisors LLC decreased its position in Alliance Resource Partners, L.P. (NASDAQ:ARLP - Free Report) by 11.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 131,078 shares of the energy company's stock after selling 17,240 shares during the quarter. HighTower Advisors LLC owned approximately 0.10% of Alliance Resource Partners worth $3,446,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Progeny 3 Inc. lifted its holdings in Alliance Resource Partners by 3.4% during the third quarter. Progeny 3 Inc. now owns 2,904,181 shares of the energy company's stock worth $72,605,000 after acquiring an additional 96,780 shares during the period. 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. Raymond James Financial Inc. purchased a new position in Alliance Resource Partners in the fourth quarter valued at approximately $14,564,000. GraniteShares Advisors LLC bought a new position in Alliance Resource Partners during the fourth quarter valued at $2,493,000. Finally, Optimist Retirement Group LLC increased its position in Alliance Resource Partners by 1.8% in the third quarter. Optimist Retirement Group LLC now owns 93,462 shares of the energy company's stock worth $2,337,000 after buying an additional 1,691 shares during the last quarter. Hedge funds and other institutional investors own 18.11% of the company's stock.

Remove Ads

Alliance Resource Partners Price Performance

NASDAQ:ARLP traded up $0.30 during trading hours on Monday, hitting $26.55. The stock had a trading volume of 207,055 shares, compared to its average volume of 343,028. The firm has a market capitalization of $3.41 billion, a price-to-earnings ratio of 9.62 and a beta of 1.09. Alliance Resource Partners, L.P. has a one year low of $19.73 and a one year high of $30.56. The company has a 50 day simple moving average of $26.76 and a two-hundred day simple moving average of $26.10. 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 (NASDAQ:ARLP - Get Free Report) last posted its quarterly earnings data on Monday, February 3rd. The energy company reported $0.22 earnings per share (EPS) 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%. Research analysts forecast 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 disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were given a dividend of $0.70 per share. The ex-dividend date was Friday, February 7th. This represents a $2.80 annualized dividend and a dividend yield of 10.55%. Alliance Resource Partners's dividend payout ratio (DPR) is presently 101.45%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Benchmark reaffirmed a "buy" rating and set a $29.00 price target (up previously from $27.00) on shares of Alliance Resource Partners in a research report on Tuesday, February 4th. Singular Research downgraded shares of Alliance Resource Partners from a "strong-buy" rating to a "moderate buy" rating in a research note on Monday, December 2nd. Finally, StockNews.com lowered shares of Alliance Resource Partners from a "buy" rating to a "hold" rating in a research report on Wednesday, February 5th.

Insider Activity at Alliance Resource Partners

In other news, SVP Timothy J. Whelan sold 50,000 shares of Alliance Resource Partners stock in a transaction dated Friday, March 14th. The stock was 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 owns 93,850 shares in the company, valued at approximately $2,358,450.50. The trade was a 34.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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.