Alliance Resource Partners, L.P. (NASDAQ:ARLP) Shares Sold by Invesco Ltd.

Invesco Ltd. lessened its stake in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP - Free Report) by 3.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 423,482 shares of the energy company's stock after selling 17,153 shares during the period. Invesco Ltd. owned 0.33% of Alliance Resource Partners worth $11,133,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Steward Partners Investment Advisory LLC acquired a new position in shares of Alliance Resource Partners during the fourth quarter valued at approximately $26,000. USA Financial Formulas acquired a new position in Alliance Resource Partners in the 4th quarter valued at $33,000. Summit Securities Group LLC lifted its holdings in Alliance Resource Partners by 350.0% in the 4th quarter. Summit Securities Group LLC now owns 1,800 shares of the energy company's stock valued at $47,000 after purchasing an additional 1,400 shares in the last quarter. Bogart Wealth LLC acquired a new stake in Alliance Resource Partners during the 4th quarter worth $127,000. Finally, MONECO Advisors LLC purchased a new stake in shares of Alliance Resource Partners during the fourth quarter worth $201,000. 18.11% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, SVP Timothy J. Whelan sold 50,000 shares of the stock in a transaction on Friday, March 14th. The stock was 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 in the company, valued at approximately $2,358,450.50. This represents a 34.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 16.80% of the stock is currently owned by company insiders.

Alliance Resource Partners Stock Up 0.2 %

Shares of ARLP opened at $26.98 on Wednesday. The stock has a fifty day simple moving average of $26.16 and a two-hundred day simple moving average of $26.48. The company has a quick ratio of 1.69, a current ratio of 2.36 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $3.46 billion, a PE ratio of 9.78 and a beta of 0.62. Alliance Resource Partners, L.P. has a 52-week low of $21.02 and a 52-week high of $30.56.

Alliance Resource Partners (NASDAQ:ARLP - Get Free Report) last released 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 return on equity of 19.09% and a net margin of 14.74%. As a group, equities 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 disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 10.38%. The ex-dividend date was Friday, February 7th. Alliance Resource Partners's dividend payout ratio is presently 101.45%.

Analysts Set New Price Targets

ARLP has been the topic of several research reports. StockNews.com raised shares of Alliance Resource Partners from a "hold" rating to a "buy" rating in a research note on Friday, April 18th. Benchmark reissued a "buy" rating and issued a $29.00 target price (up from $27.00) on shares of Alliance Resource Partners in a research note on Tuesday, February 4th.

Alliance Resource Partners 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.

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