Avantax Advisory Services Inc. Invests $271,000 in Alliance Resource Partners, L.P. (NASDAQ:ARLP)

Avantax Advisory Services Inc. acquired a new stake in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 10,308 shares of the energy company's stock, valued at approximately $271,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new position in Alliance Resource Partners in the 4th quarter worth about $14,564,000. Progeny 3 Inc. boosted its position in shares of Alliance Resource Partners by 3.4% in the third quarter. Progeny 3 Inc. now owns 2,904,181 shares of the energy company's stock valued at $72,605,000 after acquiring an additional 96,780 shares during the period. GraniteShares Advisors LLC acquired a new stake in Alliance Resource Partners during the fourth quarter worth about $2,493,000. Recurrent Investment Advisors LLC boosted its stake in Alliance Resource Partners by 6.2% during the third quarter. Recurrent Investment Advisors LLC now owns 1,145,145 shares of the energy company's stock worth $28,629,000 after buying an additional 66,761 shares in the last quarter. Finally, Hidden Cove Wealth Management LLC bought a new stake in shares of Alliance Resource Partners in the 4th quarter valued at approximately $922,000. 18.11% of the stock is currently owned by institutional investors.

Alliance Resource Partners Stock Performance

Alliance Resource Partners stock traded up $0.06 during mid-day trading on Friday, hitting $26.66. 214,022 shares of the company's stock traded hands, compared to its average volume of 347,074. Alliance Resource Partners, L.P. has a fifty-two week low of $20.05 and a fifty-two week high of $30.56. The stock has a market cap of $3.42 billion, a price-to-earnings ratio of 9.66 and a beta of 1.09. The firm has a 50 day simple moving average of $26.65 and a two-hundred day simple moving average of $26.21. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.36 and a quick ratio of 1.69.

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Alliance Resource Partners (NASDAQ:ARLP - Get Free Report) last released its earnings results 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%. On average, research analysts expect that Alliance Resource Partners, L.P. will post 2.72 EPS for the current fiscal year.

Alliance Resource Partners Dividend Announcement

The business also recently announced 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 annualized dividend and a yield of 10.50%. The ex-dividend date of this dividend was Friday, February 7th. Alliance Resource Partners's payout ratio is presently 101.45%.

Insider Activity

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 stock was sold at an average price of $25.13, for a total value of $1,256,500.00. Following the completion of the sale, the senior vice president now 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 SEC, which is accessible through this hyperlink. 16.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

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

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.