Crescent Grove Advisors LLC Sells 85,924 Shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP)

Crescent Grove Advisors LLC reduced its stake in Alliance Resource Partners, L.P. (NASDAQ:ARLP - Free Report) by 41.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 122,869 shares of the energy company's stock after selling 85,924 shares during the period. Crescent Grove Advisors LLC owned 0.10% of Alliance Resource Partners worth $3,230,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. USA Financial Formulas purchased a new stake in shares of Alliance Resource Partners during the 4th quarter valued at about $33,000. Eastern Bank bought a new position in shares of Alliance Resource Partners in the 3rd quarter valued at about $72,000. Integrated Wealth Concepts LLC bought a new position in Alliance Resource Partners during the third quarter valued at $206,000. Dakota Wealth Management bought a new stake in shares of Alliance Resource Partners during the 3rd quarter worth approximately $251,000. Finally, Moors & Cabot Inc. purchased a new stake in Alliance Resource Partners in the 3rd quarter valued at about $304,000. Institutional investors own 18.11% of the company's stock.

Alliance Resource Partners Trading Up 1.2 %

ARLP stock traded up $0.36 during trading on Friday, reaching $29.24. 771,912 shares of the stock were exchanged, compared to its average volume of 241,124. The business has a 50 day moving average price of $26.95 and a 200-day moving average price of $25.46. Alliance Resource Partners, L.P. has a 1 year low of $18.32 and a 1 year high of $30.56. The company has a current ratio of 2.36, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $3.74 billion, a price-to-earnings ratio of 8.31 and a beta of 1.17.

Alliance Resource Partners (NASDAQ:ARLP - Get Free Report) last posted its earnings results on Monday, October 28th. The energy company reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.16). Alliance Resource Partners had a return on equity of 23.74% and a net margin of 18.52%. The firm had revenue of $613.57 million for the quarter, compared to analyst estimates of $646.17 million. During the same period in the previous year, the company posted $1.18 EPS. On average, research analysts predict that Alliance Resource Partners, L.P. will post 3.19 earnings per share for the current year.

Alliance Resource Partners Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Thursday, November 7th were given a $0.70 dividend. The ex-dividend date was Thursday, November 7th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 9.58%. Alliance Resource Partners's dividend payout ratio (DPR) is presently 79.55%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Singular Research downgraded Alliance Resource Partners from a "strong-buy" rating to a "moderate buy" rating in a research report on Monday, December 2nd. StockNews.com cut Alliance Resource Partners from a "strong-buy" rating to a "buy" rating in a research report on Friday, November 15th. Finally, Benchmark increased their price objective on shares of Alliance Resource Partners from $26.00 to $27.00 and gave the stock a "buy" rating in a research note on Tuesday, October 29th.

Insider Activity

In related news, SVP Timothy J. Whelan sold 10,000 shares of the firm's stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $28.00, for a total value of $280,000.00. Following the completion of the sale, the senior vice president now owns 157,946 shares in the company, valued at $4,422,488. This trade represents a 5.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 16.80% of the company's stock.

About Alliance Resource Partners

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.