BCS Wealth Management Grows Stock Holdings in Alliance Resource Partners, L.P. $ARLP

BCS Wealth Management grew its holdings in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP) by 102.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 52,220 shares of the energy company’s stock after buying an additional 26,473 shares during the quarter. BCS Wealth Management’s holdings in Alliance Resource Partners were worth $1,213,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Sound Income Strategies LLC purchased a new stake in Alliance Resource Partners during the fourth quarter worth approximately $36,000. Northwestern Mutual Wealth Management Co. grew its stake in Alliance Resource Partners by 135.0% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 1,523 shares of the energy company’s stock worth $39,000 after buying an additional 875 shares during the period. Triumph Capital Management purchased a new stake in Alliance Resource Partners during the third quarter worth approximately $46,000. Halbert Hargrove Global Advisors LLC purchased a new stake in Alliance Resource Partners during the third quarter worth approximately $51,000. Finally, US Bancorp DE grew its stake in Alliance Resource Partners by 28.5% during the third quarter. US Bancorp DE now owns 2,570 shares of the energy company’s stock worth $65,000 after buying an additional 570 shares during the period. 18.11% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Benchmark reiterated a “buy” rating on shares of Alliance Resource Partners in a research note on Tuesday, February 3rd. Zacks Research downgraded shares of Alliance Resource Partners from a “hold” rating to a “strong sell” rating in a research note on Monday, January 5th. Weiss Ratings downgraded shares of Alliance Resource Partners from a “buy (b-)” rating to a “hold (c)” rating in a research note on Monday, March 16th. Finally, Wall Street Zen downgraded shares of Alliance Resource Partners from a “buy” rating to a “hold” rating in a research note on Saturday, April 4th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $29.50.

Alliance Resource Partners Trading Up 0.3%

ARLP opened at $25.72 on Thursday. The stock has a market capitalization of $3.31 billion, a PE ratio of 10.72 and a beta of 0.31. Alliance Resource Partners, L.P. has a 12-month low of $22.20 and a 12-month high of $29.45. The firm’s fifty day moving average price is $26.87 and its 200 day moving average price is $25.18. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.10 and a quick ratio of 1.41.

Alliance Resource Partners (NASDAQ:ARLP) last issued its earnings results on Monday, February 2nd. The energy company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.14. The company had revenue of $535.51 million for the quarter, compared to analysts’ expectations of $556.82 million. Alliance Resource Partners had a net margin of 14.18% and a return on equity of 18.41%. As a group, research analysts expect that Alliance Resource Partners, L.P. will post 2.72 EPS for the current fiscal year.

Alliance Resource Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Friday, February 6th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 9.3%. The ex-dividend date of this dividend was Friday, February 6th. Alliance Resource Partners’s dividend payout ratio is 100.00%.

Alliance Resource Partners Company Profile

Alliance Resource Partners, L.P. (NASDAQ: ARLP) is a Tulsa, Oklahoma–based master limited partnership engaged in the production, marketing and transportation of bituminous coal. Through its subsidiaries, the company develops, owns and operates surface and underground coal mines, providing fuel primarily for electric power generation and various industrial applications. Alliance’s integrated business model covers the extraction of raw coal, processing at preparation plants and delivery to domestic and export customers.

The partnership operates multiple mining complexes across Illinois, Indiana, Kentucky and West Virginia.