Raymond James Financial Inc. Takes $14.56 Million Position in Alliance Resource Partners, L.P. (NASDAQ:ARLP)

Raymond James Financial Inc. purchased a new stake 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 institutional investor purchased 553,970 shares of the energy company's stock, valued at approximately $14,564,000. Raymond James Financial Inc. owned about 0.43% of Alliance Resource Partners at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC bought a new position in Alliance Resource Partners during the fourth quarter valued at approximately $26,000. USA Financial Formulas bought a new position in Alliance Resource Partners during the fourth quarter valued at approximately $33,000. Bogart Wealth LLC bought a new position in Alliance Resource Partners during the fourth quarter valued at approximately $127,000. MONECO Advisors LLC bought a new stake in shares of Alliance Resource Partners in the 4th quarter valued at approximately $201,000. Finally, Meridian Wealth Management LLC bought a new stake in shares of Alliance Resource Partners in the 4th quarter valued at approximately $202,000. 18.11% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on ARLP. 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. 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, StockNews.com lowered Alliance Resource Partners from a "buy" rating to a "hold" rating in a research note on Wednesday, February 5th.

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Insider Transactions at Alliance Resource Partners

In other Alliance Resource Partners news, SVP Timothy J. Whelan sold 50,000 shares of the firm's stock in a transaction on Friday, March 14th. The stock was sold at an average price of $25.13, for a total transaction of $1,256,500.00. Following the transaction, the senior vice president now directly owns 93,850 shares in the company, valued at $2,358,450.50. This trade represents a 34.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 16.80% of the company's stock.

Alliance Resource Partners Trading Down 1.6 %

Shares of NASDAQ ARLP traded down $0.43 during midday trading on Friday, hitting $26.25. The company's stock had a trading volume of 176,864 shares, compared to its average volume of 343,212. The company has a current ratio of 2.36, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. The business's 50 day moving average is $26.76 and its two-hundred day moving average is $26.06. Alliance Resource Partners, L.P. has a 12-month low of $19.65 and a 12-month high of $30.56. The firm has a market cap of $3.37 billion, a P/E ratio of 9.51 and a beta of 1.09.

Alliance Resource Partners (NASDAQ:ARLP - Get Free Report) last issued its quarterly earnings results 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 return on equity of 19.09% and a net margin of 14.74%. As a group, equities research analysts expect that Alliance Resource Partners, L.P. will post 2.72 EPS for the current year.

Alliance Resource Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders 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 annualized dividend and a dividend yield of 10.67%. Alliance Resource Partners's payout ratio is 101.45%.

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.