Stifel Financial Corp Trims Position in Alliance Resource Partners, L.P. (NASDAQ:ARLP)

Stifel Financial Corp lowered its position in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP - Free Report) by 58.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 52,634 shares of the energy company's stock after selling 73,061 shares during the period. Stifel Financial Corp's holdings in Alliance Resource Partners were worth $1,384,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in shares of 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 acquiring an additional 44,636 shares in the last quarter. Oppenheimer & Co. Inc. purchased a new position in Alliance Resource Partners during the fourth quarter valued at approximately $495,000. Raymond James Financial Inc. purchased a new position in Alliance Resource Partners during the fourth quarter valued at approximately $14,564,000. Avantax Advisory Services Inc. purchased a new position in shares of Alliance Resource Partners in the fourth quarter worth $271,000. Finally, Commonwealth Equity Services LLC lifted its holdings in shares of Alliance Resource Partners by 13.2% in the fourth quarter. Commonwealth Equity Services LLC now owns 80,841 shares of the energy company's stock worth $2,125,000 after buying an additional 9,451 shares in the last quarter. Hedge funds and other institutional investors own 18.11% of the company's stock.

Insider Activity at Alliance Resource Partners

In related news, SVP Timothy J. Whelan sold 50,000 shares of the stock in a transaction that occurred 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 transaction, the senior vice president now owns 93,850 shares in the company, valued at approximately $2,358,450.50. This represents a 34.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 16.80% of the stock is currently owned by insiders.

Alliance Resource Partners Trading Up 0.7%

ARLP stock traded up $0.17 during mid-day trading on Monday, reaching $25.14. 307,984 shares of the stock traded hands, compared to its average volume of 438,213. The stock has a market capitalization of $3.23 billion, a PE ratio of 9.11 and a beta of 0.52. 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 debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 2.36. The business has a 50-day moving average price of $26.24 and a two-hundred day moving average price of $26.64.

Alliance Resource Partners (NASDAQ:ARLP - Get Free Report) last issued its earnings results on Monday, April 28th. The energy company reported $0.60 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 company had revenue of $540.47 million for the quarter, compared to analysts' expectations of $556.31 million. Equities research analysts expect that Alliance Resource Partners, L.P. will post 2.72 EPS for the current year.

Alliance Resource Partners Dividend Announcement

The business also recently disclosed 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. This represents a $2.80 annualized dividend and a dividend yield of 11.14%. The ex-dividend date is Thursday, May 8th. Alliance Resource Partners's payout ratio is currently 132.08%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. StockNews.com raised shares of Alliance Resource Partners from a "hold" rating to a "buy" rating in a report on Sunday, May 4th. Benchmark restated a "buy" rating and issued a $29.00 price target on shares of Alliance Resource Partners in a research report on Tuesday, April 29th.

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.