Horizon Kinetics Asset Management LLC Makes New Investment in Alliance Resource Partners, L.P. (NASDAQ:ARLP)

Horizon Kinetics Asset Management LLC acquired a new position in Alliance Resource Partners, L.P. (NASDAQ:ARLP - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 54,761 shares of the energy company's stock, valued at approximately $1,440,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ARLP. Raymond James Financial Inc. bought a new position in Alliance Resource Partners during the fourth quarter worth $14,564,000. Progeny 3 Inc. boosted its position in shares of Alliance Resource Partners by 3.4% during the 3rd 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 in the last quarter. GraniteShares Advisors LLC bought a new position in shares of Alliance Resource Partners during the 4th quarter worth about $2,493,000. Recurrent Investment Advisors LLC grew its stake in shares of Alliance Resource Partners by 6.2% in the 3rd quarter. Recurrent Investment Advisors LLC now owns 1,145,145 shares of the energy company's stock valued at $28,629,000 after buying an additional 66,761 shares during the period. Finally, Hidden Cove Wealth Management LLC bought a new stake in Alliance Resource Partners in the 4th quarter valued at about $922,000. 18.11% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ARLP has been the subject of a number of research reports. Singular Research cut Alliance Resource Partners from a "strong-buy" rating to a "moderate buy" rating in a research note on Monday, December 2nd. Benchmark reissued a "buy" rating and issued a $29.00 price target (up previously from $27.00) on shares of Alliance Resource Partners in a research report on Tuesday, February 4th. Finally, StockNews.com downgraded shares of Alliance Resource Partners from a "buy" rating to a "hold" rating in a report on Wednesday, February 5th.

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Alliance Resource Partners Stock Down 1.6 %

Shares of ARLP stock traded down $0.43 during trading hours on Friday, reaching $26.25. The company had a trading volume of 176,863 shares, compared to its average volume of 342,863. The company has a market cap of $3.37 billion, a price-to-earnings ratio of 9.51 and a beta of 1.09. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.36 and a quick ratio of 1.69. Alliance Resource Partners, L.P. has a 12 month low of $19.65 and a 12 month high of $30.56. The business has a fifty day simple moving average of $26.77 and a 200-day simple moving average of $26.05.

Alliance Resource Partners (NASDAQ:ARLP - Get Free Report) last issued its quarterly earnings data on Monday, February 3rd. The energy company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.38). Alliance Resource Partners had a net margin of 14.74% and a return on equity of 19.09%. On average, research analysts expect that Alliance Resource Partners, L.P. will post 2.72 earnings per share for the current fiscal 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 given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 10.67%. The ex-dividend date of this dividend was Friday, February 7th. Alliance Resource Partners's payout ratio is 101.45%.

Insider Buying and Selling at Alliance Resource Partners

In other news, SVP Timothy J. Whelan sold 50,000 shares of the company's 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 transaction, 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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company 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.