Bokf Na Boosts Stake in Alliance Resource Partners, L.P. (NASDAQ:ARLP)

BOKF NA raised its position in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP - Free Report) by 29.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 44,446 shares of the energy company's stock after acquiring an additional 10,000 shares during the period. BOKF NA's holdings in Alliance Resource Partners were worth $1,208,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in ARLP. Steward Partners Investment Advisory LLC bought a new position in Alliance Resource Partners during the fourth quarter worth about $26,000. USA Financial Formulas bought a new position in Alliance Resource Partners during the fourth quarter worth about $33,000. Summit Securities Group LLC raised its position in shares of Alliance Resource Partners by 350.0% in the fourth quarter. Summit Securities Group LLC now owns 1,800 shares of the energy company's stock valued at $47,000 after buying an additional 1,400 shares in the last quarter. Tower Research Capital LLC TRC raised its position in shares of Alliance Resource Partners by 223.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,406 shares of the energy company's stock valued at $90,000 after buying an additional 2,353 shares in the last quarter. Finally, Bogart Wealth LLC acquired a new stake in shares of Alliance Resource Partners in the fourth quarter valued at approximately $127,000. Institutional investors own 18.11% of the company's stock.

Insider Activity at Alliance Resource Partners

In other news, SVP Timothy J. Whelan sold 50,000 shares of the company's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $25.13, for a total value of $1,256,500.00. Following the completion of the sale, the senior vice president now owns 93,850 shares in the company, 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 hyperlink. 16.80% of the stock is owned by insiders.

Alliance Resource Partners Trading Down 0.0%

ARLP stock traded down $0.01 during trading on Wednesday, hitting $26.19. The company had a trading volume of 249,662 shares, compared to its average volume of 359,646. Alliance Resource Partners, L.P. has a one year low of $22.08 and a one year high of $30.56. 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 has a 50-day moving average of $26.27 and a 200-day moving average of $26.63. The stock has a market cap of $3.36 billion, a PE ratio of 9.49 and a beta of 0.52.

Alliance Resource Partners (NASDAQ:ARLP - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The energy company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.03). The business had revenue of $540.47 million during the quarter, compared to analyst estimates of $556.31 million. Alliance Resource Partners had a net margin of 14.74% and a return on equity of 19.09%. Research analysts predict that Alliance Resource Partners, L.P. will post 2.72 earnings per share for the current fiscal year.

Alliance Resource Partners Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 8th will be given a dividend of $0.70 per share. The ex-dividend date is Thursday, May 8th. This represents a $2.80 annualized dividend and a dividend yield of 10.69%. Alliance Resource Partners's payout ratio is 132.08%.

Analyst Ratings Changes

ARLP has been the topic of a number of analyst reports. StockNews.com upgraded shares of Alliance Resource Partners from a "hold" rating to a "buy" rating in a research note on Sunday, May 4th. Benchmark restated a "buy" rating and set a $29.00 price objective on shares of Alliance Resource Partners in a research report on Tuesday, April 29th.

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.