Hidden Cove Wealth Management LLC Makes New Investment in Alliance Resource Partners, L.P. (NASDAQ:ARLP)

Hidden Cove Wealth Management LLC bought a new position in Alliance Resource Partners, L.P. (NASDAQ:ARLP - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 35,059 shares of the energy company's stock, valued at approximately $922,000. Alliance Resource Partners accounts for approximately 0.7% of Hidden Cove Wealth Management LLC's portfolio, making the stock its 19th largest position.

Several other institutional investors also recently made changes to their positions in ARLP. USA Financial Formulas purchased a new stake in shares of Alliance Resource Partners during the 4th quarter valued at $33,000. Eastern Bank purchased a new stake in shares of Alliance Resource Partners during the 3rd quarter valued at $72,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Alliance Resource Partners during the 3rd quarter valued at $206,000. Dakota Wealth Management purchased a new stake in shares of Alliance Resource Partners during the 3rd quarter valued at $251,000. Finally, DAVENPORT & Co LLC purchased a new stake in Alliance Resource Partners during the 4th quarter worth $285,000. 18.11% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Singular Research cut shares of Alliance Resource Partners from a "strong-buy" rating to a "moderate buy" rating in a research report on Monday, December 2nd. StockNews.com cut shares of Alliance Resource Partners from a "buy" rating to a "hold" rating in a research report on Wednesday, February 5th. Finally, Benchmark reaffirmed a "buy" rating and set a $29.00 price target (up from $27.00) on shares of Alliance Resource Partners in a research report on Tuesday, February 4th.

Alliance Resource Partners Stock Down 0.6 %

Alliance Resource Partners stock traded down $0.17 during trading on Friday, reaching $26.76. 542,360 shares of the company's stock were exchanged, compared to its average volume of 523,066. Alliance Resource Partners, L.P. has a 52-week low of $18.32 and a 52-week high of $30.56. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 2.36. The firm has a market cap of $3.43 billion, a price-to-earnings ratio of 9.70 and a beta of 1.16. The company's 50-day moving average is $26.88 and its two-hundred day moving average is $25.70.

Alliance Resource Partners (NASDAQ:ARLP - Get Free Report) last issued its quarterly earnings data on Monday, February 3rd. The energy company reported $0.22 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%. On average, analysts predict that Alliance Resource Partners, L.P. will post 2.72 earnings per share for the current year.

Alliance Resource Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders 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 yield of 10.46%. Alliance Resource Partners's dividend payout ratio is currently 101.45%.

Insiders Place Their Bets

In other news, SVP Timothy J. Whelan sold 10,000 shares of the company'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 sale, the senior vice president now owns 157,946 shares in the company, valued at approximately $4,422,488. This represents a 5.95 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 16.80% of the stock is currently owned by company insiders.

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.