Callahan Advisors LLC Acquires Shares of 14,000 Alliance Resource Partners, L.P. (NASDAQ:ARLP)

Callahan Advisors LLC purchased a new position in Alliance Resource Partners, L.P. (NASDAQ:ARLP - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,000 shares of the energy company's stock, valued at approximately $368,000.

Other hedge funds have also recently made changes to their positions in the company. Tidal Investments LLC lifted its stake in Alliance Resource Partners by 1.2% in the third quarter. Tidal Investments LLC now owns 34,283 shares of the energy company's stock worth $857,000 after acquiring an additional 391 shares during the period. Pekin Hardy Strauss Inc. raised its position in shares of Alliance Resource Partners by 0.9% in the 3rd quarter. Pekin Hardy Strauss Inc. now owns 46,905 shares of the energy company's stock valued at $1,173,000 after purchasing an additional 400 shares during the last quarter. Cadent Capital Advisors LLC raised its position 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 valued at $626,000 after purchasing an additional 453 shares during the last quarter. BCS Wealth Management raised its position in shares of Alliance Resource Partners by 2.4% in the 4th quarter. BCS Wealth Management now owns 19,971 shares of the energy company's stock valued at $525,000 after purchasing an additional 476 shares during the last quarter. Finally, AlphaCore Capital LLC raised its position in shares of Alliance Resource Partners by 3.0% in the 3rd quarter. AlphaCore Capital LLC now owns 17,203 shares of the energy company's stock valued at $430,000 after purchasing an additional 503 shares during the last quarter. 18.11% of the stock is currently owned by institutional investors.

Insider Transactions at Alliance Resource Partners

In related news, SVP Timothy J. Whelan sold 10,000 shares of Alliance Resource Partners stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $28.00, for a total value of $280,000.00. Following the sale, the senior vice president now owns 157,946 shares of the company's stock, valued at approximately $4,422,488. This trade represents a 5.95 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 16.80% of the company's stock.

Analysts Set New Price Targets

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

Alliance Resource Partners Stock Performance

NASDAQ:ARLP traded down $0.29 during midday trading on Friday, hitting $26.70. The company's stock had a trading volume of 298,943 shares, compared to its average volume of 435,022. The firm has a market cap of $3.42 billion, a P/E ratio of 9.67 and a beta of 1.16. Alliance Resource Partners, L.P. has a fifty-two week low of $18.32 and a fifty-two week high of $30.56. The firm's 50 day moving average is $26.96 and its 200-day moving average is $25.75. 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 issued its quarterly earnings data on Monday, February 3rd. The energy company reported $0.22 EPS 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%. Equities analysts anticipate 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 paid a dividend of $0.70 per share. The ex-dividend date was Friday, February 7th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 10.49%. Alliance Resource Partners's payout ratio is 101.45%.

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.