Raymond James & Associates Sells 7,587 Shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP)

Raymond James & Associates reduced its position in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP) by 19.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 31,648 shares of the energy company’s stock after selling 7,587 shares during the quarter. Raymond James & Associates’ holdings in Alliance Resource Partners were worth $670,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in ARLP. Adams Asset Advisors LLC grew its holdings in Alliance Resource Partners by 17.6% during the 4th quarter. Adams Asset Advisors LLC now owns 307,383 shares of the energy company’s stock worth $6,510,000 after acquiring an additional 45,957 shares during the last quarter. BCS Wealth Management acquired a new position in shares of Alliance Resource Partners during the fourth quarter worth $336,000. Citigroup Inc. bought a new stake in shares of Alliance Resource Partners in the third quarter worth $444,000. GSA Capital Partners LLP increased its holdings in Alliance Resource Partners by 496.9% in the third quarter. GSA Capital Partners LLP now owns 66,770 shares of the energy company’s stock valued at $1,504,000 after purchasing an additional 55,583 shares during the period. Finally, Recurrent Investment Advisors LLC increased its holdings in Alliance Resource Partners by 4.9% in the third quarter. Recurrent Investment Advisors LLC now owns 735,784 shares of the energy company’s stock valued at $16,577,000 after purchasing an additional 34,500 shares during the period. Institutional investors and hedge funds own 18.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Alliance Resource Partners from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 6th.

Alliance Resource Partners Stock Performance

NASDAQ:ARLP opened at $21.18 on Thursday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.71 and a current ratio of 2.27. Alliance Resource Partners, L.P. has a fifty-two week low of $17.05 and a fifty-two week high of $24.30. The company has a 50 day simple moving average of $20.00 and a two-hundred day simple moving average of $20.96. The company has a market capitalization of $2.71 billion, a PE ratio of 4.40 and a beta of 1.14.

Alliance Resource Partners (NASDAQ:ARLP) last posted its quarterly earnings data on Monday, January 29th. The energy company reported $0.88 earnings per share for the quarter, missing the consensus estimate of $1.14 by ($0.26). Alliance Resource Partners had a return on equity of 34.90% and a net margin of 24.50%. The firm had revenue of $625.42 million for the quarter, compared to analyst estimates of $672.54 million. During the same quarter last year, the company earned $1.63 earnings per share. Research analysts anticipate that Alliance Resource Partners, L.P. will post 4.05 earnings per share for the current year.

Alliance Resource Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 14th. Stockholders of record on Wednesday, February 7th were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 13.22%. The ex-dividend date of this dividend was Tuesday, February 6th. Alliance Resource Partners’s dividend payout ratio is 58.21%.

Alliance Resource Partners 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.