LPL Financial LLC Decreases Stock Position in Alliance Resource Partners, L.P. (NASDAQ:ARLP)

LPL Financial LLC lessened its position in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP) by 1.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 73,987 shares of the energy company’s stock after selling 1,315 shares during the period. LPL Financial LLC owned 0.06% of Alliance Resource Partners worth $1,945,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Tidal Investments LLC raised its stake in Alliance Resource Partners by 1.2% in the 3rd quarter. Tidal Investments LLC now owns 34,283 shares of the energy company’s stock valued at $857,000 after acquiring an additional 391 shares during the period. Cadent Capital Advisors LLC increased its stake 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 worth $626,000 after purchasing an additional 453 shares in the last quarter. BCS Wealth Management raised its position in shares of Alliance Resource Partners by 2.4% in the fourth quarter. BCS Wealth Management now owns 19,971 shares of the energy company’s stock valued at $525,000 after purchasing an additional 476 shares during the period. Steward Partners Investment Advisory LLC purchased a new stake in shares of Alliance Resource Partners during the 4th quarter valued at approximately $26,000. Finally, USA Financial Formulas bought a new position in Alliance Resource Partners in the 4th quarter worth approximately $33,000. Institutional investors own 18.11% of the company’s stock.

Insider Buying and Selling at Alliance Resource Partners

In other news, SVP Timothy J. Whelan sold 50,000 shares of the business’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 transaction, the senior vice president now owns 93,850 shares of the company’s stock, valued at approximately $2,358,450.50. The trade was a 34.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 16.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. StockNews.com cut shares of Alliance Resource Partners from a “buy” rating to a “hold” rating in a report on Wednesday, February 5th. Benchmark reiterated a “buy” rating and issued a $29.00 price target (up from $27.00) on shares of Alliance Resource Partners in a research report on Tuesday, February 4th.

Alliance Resource Partners Price Performance

ARLP stock opened at $26.68 on Wednesday. The firm has a 50 day moving average of $26.11 and a 200-day moving average of $26.42. The firm has a market capitalization of $3.43 billion, a P/E ratio of 9.67 and a beta of 0.62. Alliance Resource Partners, L.P. has a 12 month low of $20.59 and a 12 month high of $30.56. The company has a current ratio of 2.36, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24.

Alliance Resource Partners (NASDAQ:ARLP) last announced its quarterly earnings results on Monday, February 3rd. The energy company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.38). Alliance Resource Partners had a net margin of 14.74% and a return on equity of 19.09%. As a group, sell-side analysts predict that Alliance Resource Partners, L.P. will post 2.72 earnings per share for the current fiscal year.

Alliance Resource Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were paid a $0.70 dividend. The ex-dividend date was Friday, February 7th. This represents a $2.80 dividend on an annualized basis and a yield of 10.49%. Alliance Resource Partners’s dividend payout ratio is currently 101.45%.

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.