IHT Wealth Management LLC Makes New $293,000 Investment in Alliance Resource Partners, L.P. (NASDAQ:ARLP)

IHT Wealth Management LLC purchased a new position in Alliance Resource Partners, L.P. (NASDAQ:ARLP - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 11,150 shares of the energy company's stock, valued at approximately $293,000.

A number of other large investors also recently modified their holdings of the business. Tidal Investments LLC boosted its stake in Alliance Resource Partners by 1.2% during the 3rd 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 in the last quarter. Cadent Capital Advisors LLC lifted its holdings in shares of Alliance Resource Partners by 1.9% in the fourth quarter. Cadent Capital Advisors LLC now owns 23,816 shares of the energy company's stock valued at $626,000 after buying an additional 453 shares during the period. BCS Wealth Management boosted its stake in Alliance Resource Partners by 2.4% during the fourth quarter. BCS Wealth Management now owns 19,971 shares of the energy company's stock valued at $525,000 after buying an additional 476 shares in the last quarter. Steward Partners Investment Advisory LLC acquired a new position in Alliance Resource Partners during the fourth quarter worth about $26,000. Finally, Geode Capital Management LLC grew its holdings in Alliance Resource Partners by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 120,294 shares of the energy company's stock worth $3,163,000 after acquiring an additional 1,200 shares during the period. 18.11% of the stock is owned by institutional investors and hedge funds.

Alliance Resource Partners Trading Down 0.2 %

Shares of Alliance Resource Partners stock traded down $0.05 on Thursday, reaching $26.40. 674,005 shares of the company were exchanged, compared to its average volume of 367,699. Alliance Resource Partners, L.P. has a fifty-two week low of $21.84 and a fifty-two week high of $30.56. The firm has a market capitalization of $3.39 billion, a price-to-earnings ratio of 9.57 and a beta of 0.62. 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 stock has a fifty day moving average price of $26.19 and a 200-day moving average price of $26.55.

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 for the quarter, missing analysts' consensus estimates of $0.63 by ($0.03). Alliance Resource Partners had a return on equity of 19.09% and a net margin of 14.74%. The company had revenue of $540.47 million during the quarter, compared to analysts' expectations of $556.31 million. On average, analysts expect that Alliance Resource Partners, L.P. will post 2.72 EPS for the current year.

Alliance Resource Partners Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 8th will be given a $0.70 dividend. The ex-dividend date is Thursday, May 8th. This represents a $2.80 annualized dividend and a dividend yield of 10.61%. Alliance Resource Partners's dividend payout ratio (DPR) is presently 132.08%.

Wall Street Analyst Weigh In

ARLP has been the subject of several research reports. StockNews.com lowered shares of Alliance Resource Partners from a "buy" rating to a "hold" rating in a research report on Saturday, April 26th. Benchmark restated a "buy" rating and set a $29.00 target price on shares of Alliance Resource Partners in a report on Tuesday.

Insider Buying and Selling

In other Alliance Resource Partners news, SVP Timothy J. Whelan sold 50,000 shares of the firm's stock in a transaction dated 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 sale, the senior vice president now directly owns 93,850 shares in the company, valued at approximately $2,358,450.50. This trade represents a 34.76 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 16.80% of the company's stock.

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.