BNP Paribas Financial Markets Sells 14,349 Shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP)

BNP Paribas Financial Markets lowered its stake in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP - Free Report) by 63.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,097 shares of the energy company's stock after selling 14,349 shares during the quarter. BNP Paribas Financial Markets' holdings in Alliance Resource Partners were worth $213,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of ARLP. JPMorgan Chase & Co. increased its holdings in Alliance Resource Partners by 2.5% in the 4th quarter. JPMorgan Chase & Co. now owns 1,815,453 shares of the energy company's stock worth $47,728,000 after buying an additional 44,636 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Alliance Resource Partners during the 4th quarter valued at approximately $14,564,000. Castalian Partners LLC purchased a new position in Alliance Resource Partners in the 4th quarter valued at $3,353,000. Miller Value Partners LLC lifted its holdings in Alliance Resource Partners by 8.5% in the 4th quarter. Miller Value Partners LLC now owns 127,000 shares of the energy company's stock valued at $3,339,000 after purchasing an additional 10,000 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Alliance Resource Partners by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 120,294 shares of the energy company's stock valued at $3,163,000 after purchasing an additional 1,200 shares in the last quarter. Institutional investors and hedge funds own 18.11% of the company's stock.

Insider Buying and Selling

In other news, SVP Timothy J. Whelan sold 50,000 shares of the business's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $25.13, for a total transaction of $1,256,500.00. Following the sale, the senior vice president now owns 93,850 shares in the company, valued at $2,358,450.50. The trade was a 34.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 16.80% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

ARLP has been the topic of several research analyst reports. Wall Street Zen upgraded shares of Alliance Resource Partners from a "hold" rating to a "buy" rating in a report on Sunday, May 4th. Benchmark reaffirmed a "buy" rating and issued a $29.00 target price on shares of Alliance Resource Partners in a report on Tuesday, April 29th.

Alliance Resource Partners Price Performance

NASDAQ ARLP traded down $0.15 during trading hours on Monday, reaching $25.88. The company's stock had a trading volume of 390,957 shares, compared to its average volume of 351,871. The stock has a market cap of $3.32 billion, a PE ratio of 9.38 and a beta of 0.52. 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's 50-day moving average is $26.49 and its two-hundred day moving average is $26.64. Alliance Resource Partners, L.P. has a fifty-two week low of $22.18 and a fifty-two week high of $30.56.

Alliance Resource Partners (NASDAQ:ARLP - Get Free Report) last issued its quarterly earnings data 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 firm 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%. Analysts forecast that Alliance Resource Partners, L.P. will post 2.72 EPS for the current year.

Alliance Resource Partners Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 8th were paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 10.82%. The ex-dividend date was Thursday, May 8th. Alliance Resource Partners's payout ratio is currently 132.08%.

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.