Commonwealth Equity Services LLC Purchases 9,451 Shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP)

Commonwealth Equity Services LLC raised its position in Alliance Resource Partners, L.P. (NASDAQ:ARLP - Free Report) by 13.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 80,841 shares of the energy company's stock after purchasing an additional 9,451 shares during the quarter. Commonwealth Equity Services LLC owned 0.06% of Alliance Resource Partners worth $2,125,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in ARLP. Raymond James Financial Inc. acquired a new position in Alliance Resource Partners during the 4th quarter worth about $14,564,000. Progeny 3 Inc. lifted its stake 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 worth $72,605,000 after acquiring an additional 96,780 shares during the period. GraniteShares Advisors LLC bought a new stake in Alliance Resource Partners in the fourth quarter valued at approximately $2,493,000. Recurrent Investment Advisors LLC boosted its holdings in 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 acquiring an additional 66,761 shares during the last quarter. Finally, Hidden Cove Wealth Management LLC acquired a new stake in Alliance Resource Partners during the 4th quarter valued at approximately $922,000. 18.11% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Alliance Resource Partners

In other news, SVP Timothy J. Whelan sold 50,000 shares of the 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 directly owns 93,850 shares of the company's stock, valued at $2,358,450.50. This represents a 34.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 16.80% of the stock is owned by insiders.

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Wall Street Analysts Forecast Growth

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

Alliance Resource Partners Stock Up 0.3 %

ARLP stock traded up $0.08 during trading on Monday, reaching $26.74. 70,197 shares of the stock were exchanged, compared to its average volume of 345,987. The company has a current ratio of 2.36, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. Alliance Resource Partners, L.P. has a twelve month low of $20.05 and a twelve month high of $30.56. The firm's 50 day moving average is $26.65 and its 200 day moving average is $26.23. The firm has a market cap of $3.43 billion, a P/E ratio of 9.69 and a beta of 1.09.

Alliance Resource Partners (NASDAQ:ARLP - Get Free Report) last issued its earnings results on Monday, February 3rd. The energy company reported $0.22 earnings per share (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%. As a group, research 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 announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were issued a $0.70 dividend. The ex-dividend date was Friday, February 7th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 10.47%. Alliance Resource Partners's dividend payout ratio is presently 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.