Invesco Ltd. Sells 17,153 Shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP)

Invesco Ltd. decreased its position in Alliance Resource Partners, L.P. (NASDAQ:ARLP - Free Report) by 3.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 423,482 shares of the energy company's stock after selling 17,153 shares during the period. Invesco Ltd. owned about 0.33% of Alliance Resource Partners worth $11,133,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC acquired a new position in Alliance Resource Partners in the 4th quarter valued at approximately $26,000. USA Financial Formulas bought a new stake in Alliance Resource Partners during the 4th quarter worth approximately $33,000. Summit Securities Group LLC grew its position in Alliance Resource Partners by 350.0% during the 4th quarter. Summit Securities Group LLC now owns 1,800 shares of the energy company's stock worth $47,000 after acquiring an additional 1,400 shares during the last quarter. Bogart Wealth LLC bought a new position in Alliance Resource Partners in the 4th quarter valued at $127,000. Finally, MONECO Advisors LLC bought a new position in Alliance Resource Partners in the 4th quarter valued at $201,000. Institutional investors and hedge funds own 18.11% of the company's stock.

Insiders Place Their Bets

In other Alliance Resource Partners 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 transaction of $1,256,500.00. Following the completion of the transaction, the senior vice president now owns 93,850 shares of the company's stock, valued at $2,358,450.50. This represents a 34.76 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 16.80% of the company's stock.

Alliance Resource Partners Trading Up 0.6 %

Shares of Alliance Resource Partners stock traded up $0.17 during trading on Monday, hitting $27.31. 773,761 shares of the company were exchanged, compared to its average volume of 373,146. The firm has a market capitalization of $3.51 billion, a P/E ratio of 9.89 and a beta of 0.62. Alliance Resource Partners, L.P. has a 1-year low of $21.55 and a 1-year high of $30.56. The firm's fifty day moving average price is $26.20 and its 200 day moving average price is $26.54. 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 (NASDAQ:ARLP - Get Free Report) last issued its quarterly earnings data 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%. As a group, sell-side analysts expect that Alliance Resource Partners, L.P. will post 2.72 earnings per share for the current fiscal year.

Alliance Resource Partners Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 8th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 10.25%. Alliance Resource Partners's dividend payout ratio (DPR) is currently 101.45%.

Wall Street Analysts Forecast Growth

ARLP has been the topic of a number of recent research reports. Benchmark reiterated a "buy" rating and issued a $29.00 price objective (up from $27.00) on shares of Alliance Resource Partners in a research report on Tuesday, February 4th. StockNews.com lowered Alliance Resource Partners from a "buy" rating to a "hold" rating in a research report on Saturday.

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.