DAVENPORT & Co LLC acquired a new position in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,850 shares of the energy company's stock, valued at approximately $285,000.
A number of other large investors have also bought and sold shares of ARLP. Atlanta Consulting Group Advisors LLC acquired a new stake in Alliance Resource Partners in the third quarter worth $29,144,000. Progeny 3 Inc. grew its holdings in 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 purchasing an additional 96,780 shares during the period. Recurrent Investment Advisors LLC grew 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 worth $28,629,000 after purchasing an additional 66,761 shares during the period. Pathway Financial Advisers LLC lifted its stake in shares of Alliance Resource Partners by 2,400.0% in the third quarter. Pathway Financial Advisers LLC now owns 67,675 shares of the energy company's stock valued at $1,692,000 after buying an additional 64,968 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new position in shares of Alliance Resource Partners in the third quarter valued at $7,500,000. 18.11% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
ARLP has been the topic of a number of recent research reports. Benchmark reaffirmed a "buy" rating and issued a $29.00 price objective (up from $27.00) on shares of Alliance Resource Partners in a research note on Tuesday, February 4th. StockNews.com lowered shares of Alliance Resource Partners from a "buy" rating to a "hold" rating in a research note on Wednesday, February 5th. Finally, 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.
Read Our Latest Stock Analysis on Alliance Resource Partners
Alliance Resource Partners Stock Performance
ARLP stock traded down $0.30 during mid-day trading on Wednesday, hitting $26.16. The company had a trading volume of 225,529 shares, compared to its average volume of 460,375. The firm has a market cap of $3.35 billion, a PE ratio of 9.48 and a beta of 1.16. 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 stock's fifty day moving average price is $26.90 and its two-hundred day moving average price is $25.66.
Alliance Resource Partners (NASDAQ:ARLP - Get Free Report) last announced its quarterly earnings data on Monday, February 3rd. The energy company reported $0.22 EPS 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%. On average, analysts forecast that Alliance Resource Partners, L.P. will post 2.72 earnings per share for the current fiscal year.
Alliance Resource Partners Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, February 7th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $2.80 annualized dividend and a dividend yield of 10.70%. Alliance Resource Partners's payout ratio is 101.45%.
Insider Transactions at Alliance Resource Partners
In other news, SVP Timothy J. Whelan sold 10,000 shares of Alliance Resource Partners 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 transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 16.80% of the company's stock.
About Alliance Resource Partners
(
Free Report)
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.
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