Custom Index Systems LLC Sells 28,134 Shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP)

Custom Index Systems LLC cut its stake in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP - Free Report) by 56.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 21,374 shares of the energy company's stock after selling 28,134 shares during the quarter. Custom Index Systems LLC's holdings in Alliance Resource Partners were worth $562,000 as of its most recent filing with the SEC.

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

Insider Activity

In other Alliance Resource Partners news, SVP Timothy J. Whelan sold 10,000 shares of the 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 transaction, the senior vice president now directly owns 157,946 shares of the company's stock, valued at $4,422,488. This represents a 5.95 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 16.80% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Singular Research lowered shares of Alliance Resource Partners from a "strong-buy" rating to a "moderate buy" rating in a research note on Monday, December 2nd. Benchmark reiterated a "buy" rating and set a $29.00 price objective (up from $27.00) on shares of Alliance Resource Partners in a report on Tuesday. Finally, StockNews.com lowered Alliance Resource Partners from a "strong-buy" rating to a "buy" rating in a research report on Friday, November 15th.

Alliance Resource Partners Stock Up 1.4 %

Alliance Resource Partners stock traded up $0.40 during mid-day trading on Tuesday, reaching $28.00. The company's stock had a trading volume of 346,460 shares, compared to its average volume of 451,458. The business's 50 day simple moving average is $26.99 and its 200 day simple moving average is $25.59. 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 12 month low of $18.32 and a 12 month high of $30.56. The company has a market capitalization of $3.59 billion, a price-to-earnings ratio of 7.96 and a beta of 1.16.

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 for the quarter, missing analysts' consensus estimates of $0.60 by ($0.38). Alliance Resource Partners had a return on equity of 23.74% and a net margin of 18.52%. As a group, research analysts anticipate that Alliance Resource Partners, L.P. will post 3.19 earnings per share for the current year.

Alliance Resource Partners Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, February 7th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 10.00%. The ex-dividend date is Friday, February 7th. Alliance Resource Partners's dividend payout ratio (DPR) is presently 79.55%.

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.