IHT Wealth Management LLC bought a new position in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 11,150 shares of the energy company's stock, valued at approximately $293,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ARLP. Steward Partners Investment Advisory LLC bought a new stake in shares of Alliance Resource Partners in the fourth quarter valued at about $26,000. USA Financial Formulas bought a new stake in shares of Alliance Resource Partners during the 4th quarter worth approximately $33,000. Summit Securities Group LLC lifted its stake in Alliance Resource Partners by 350.0% in the 4th quarter. Summit Securities Group LLC now owns 1,800 shares of the energy company's stock valued at $47,000 after purchasing an additional 1,400 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in 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 during the period. Finally, Bogart Wealth LLC bought a new stake in Alliance Resource Partners in the 4th quarter valued at $127,000. 18.11% of the stock is owned by institutional investors and hedge funds.
Insider Activity
In related news, SVP Timothy J. Whelan sold 50,000 shares of the business'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 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 position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 16.80% of the stock is currently owned by corporate insiders.
Alliance Resource Partners Price Performance
Shares of NASDAQ:ARLP traded up $0.76 during trading on Friday, reaching $27.16. 290,425 shares of the company traded hands, compared to its average volume of 363,611. The firm has a market capitalization of $3.49 billion, a PE ratio of 9.84 and a beta of 0.62. Alliance Resource Partners, L.P. has a 52 week low of $21.84 and a 52 week high of $30.56. The company has a quick ratio of 1.69, a current ratio of 2.36 and a debt-to-equity ratio of 0.24. The company's 50 day moving average is $26.21 and its two-hundred day moving average is $26.58.
Alliance Resource Partners (NASDAQ:ARLP - Get Free Report) last issued its earnings results on Monday, April 28th. The energy company reported $0.60 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.03). Alliance Resource Partners had a net margin of 14.74% and a return on equity of 19.09%. The firm had revenue of $540.47 million during the quarter, compared to analyst estimates of $556.31 million. As a group, sell-side analysts predict that Alliance Resource Partners, L.P. will post 2.72 earnings per share for the current year.
Alliance Resource Partners Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 8th will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 10.31%. The ex-dividend date of this dividend is Thursday, May 8th. Alliance Resource Partners's payout ratio is 132.08%.
Analysts Set New Price Targets
Several equities analysts have commented on ARLP shares. Benchmark reiterated a "buy" rating and issued a $29.00 price objective on shares of Alliance Resource Partners in a report on Tuesday. StockNews.com downgraded Alliance Resource Partners from a "buy" rating to a "hold" rating in a report on Saturday, April 26th.
Read Our Latest Stock Report on ARLP
Alliance Resource Partners Company Profile
(
Free Report)
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.
Recommended Stories

Before you consider Alliance Resource Partners, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Alliance Resource Partners wasn't on the list.
While Alliance Resource Partners currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.