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.
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