Cobblestone Capital Advisors LLC NY Takes Position in Alliance Resource Partners, L.P. (NASDAQ:ARLP)

Cobblestone Capital Advisors LLC NY purchased a new position in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,770 shares of the energy company's stock, valued at approximately $283,000.

A number of other institutional investors have also recently bought and sold shares of ARLP. BNP Paribas Financial Markets grew its position in shares of Alliance Resource Partners by 48.4% in the third quarter. BNP Paribas Financial Markets now owns 22,446 shares of the energy company's stock valued at $561,000 after purchasing an additional 7,321 shares during the last quarter. Atlanta Consulting Group Advisors LLC acquired a new position in shares of Alliance Resource Partners in the third quarter valued at approximately $29,144,000. Crescent Grove Advisors LLC grew its position in shares of Alliance Resource Partners by 15.5% in the third quarter. Crescent Grove Advisors LLC now owns 208,793 shares of the energy company's stock valued at $5,220,000 after purchasing an additional 28,016 shares during the last quarter. Recurrent Investment Advisors LLC grew its position in shares of Alliance Resource Partners by 6.2% in the third quarter. Recurrent Investment Advisors LLC now owns 1,145,145 shares of the energy company's stock valued at $28,629,000 after purchasing an additional 66,761 shares during the last quarter. Finally, Hidden Cove Wealth Management LLC acquired a new position in shares of Alliance Resource Partners in the fourth quarter valued at approximately $922,000. Institutional investors and hedge funds own 18.11% of the company's stock.

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Alliance Resource Partners Price Performance

Shares of ARLP stock traded up $0.04 during trading on Wednesday, hitting $25.21. The company had a trading volume of 355,589 shares, compared to its average volume of 348,798. The stock's 50-day moving average price is $27.02 and its 200 day moving average price is $25.97. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 2.36. Alliance Resource Partners, L.P. has a one year low of $19.02 and a one year high of $30.56. The firm has a market capitalization of $3.23 billion, a P/E ratio of 9.13 and a beta of 1.16.

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 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%. Equities analysts expect that Alliance Resource Partners, L.P. will post 2.72 EPS for the current fiscal year.

Alliance Resource Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 11.11%. The ex-dividend date was Friday, February 7th. Alliance Resource Partners's payout ratio is presently 101.45%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ARLP. StockNews.com downgraded Alliance Resource Partners from a "buy" rating to a "hold" rating in a research report on Wednesday, February 5th. Singular Research cut Alliance Resource Partners from a "strong-buy" rating to a "moderate buy" rating in a research note on Monday, December 2nd. Finally, Benchmark reiterated a "buy" rating and issued 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 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.