Oppenheimer & Co. Inc. Takes Position in Alliance Resource Partners, L.P. (NASDAQ:ARLP)

Oppenheimer & Co. Inc. acquired a new position in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 18,830 shares of the energy company's stock, valued at approximately $495,000.

A number of other large investors have also recently made changes to their positions in ARLP. Tidal Investments LLC increased its holdings in shares of Alliance Resource Partners by 1.2% in the third quarter. Tidal Investments LLC now owns 34,283 shares of the energy company's stock valued at $857,000 after purchasing an additional 391 shares during the period. Pekin Hardy Strauss Inc. lifted its position in shares of Alliance Resource Partners by 0.9% during the 3rd quarter. Pekin Hardy Strauss Inc. now owns 46,905 shares of the energy company's stock valued at $1,173,000 after acquiring an additional 400 shares during the period. Cadent Capital Advisors LLC raised its holdings in Alliance Resource Partners by 1.9% during the fourth quarter. Cadent Capital Advisors LLC now owns 23,816 shares of the energy company's stock worth $626,000 after purchasing an additional 453 shares during the last quarter. BCS Wealth Management grew its holdings in Alliance Resource Partners by 2.4% in the fourth quarter. BCS Wealth Management now owns 19,971 shares of the energy company's stock valued at $525,000 after purchasing an additional 476 shares during the last quarter. Finally, AlphaCore Capital LLC increased its holdings in Alliance Resource Partners by 3.0% during the 3rd quarter. AlphaCore Capital LLC now owns 17,203 shares of the energy company's stock valued at $430,000 after acquiring an additional 503 shares in the last quarter. 18.11% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

Several research firms have weighed in on ARLP. StockNews.com downgraded Alliance Resource Partners from a "buy" rating to a "hold" rating in a research report on Wednesday, February 5th. Singular Research lowered Alliance Resource Partners from a "strong-buy" rating to a "moderate buy" rating in a research note on Monday, December 2nd. Finally, 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, February 4th.

Alliance Resource Partners Trading Down 0.1 %

ARLP traded down $0.03 on Monday, reaching $24.80. 470,513 shares of the company's stock were exchanged, compared to its average volume of 348,050. Alliance Resource Partners, L.P. has a twelve month low of $19.16 and a twelve month high of $30.56. The company's 50 day moving average is $26.97 and its 200-day moving average is $25.99. 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 company has a market cap of $3.19 billion, a price-to-earnings ratio of 8.99 and a beta of 1.09.

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

Alliance Resource Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 11.29%. The ex-dividend date was Friday, February 7th. Alliance Resource Partners's payout ratio is currently 101.45%.

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.