Alliance Resource Partners, L.P. (NASDAQ:ARLP) Shares Bought by BCS Wealth Management

BCS Wealth Management grew its stake in Alliance Resource Partners, L.P. (NASDAQ:ARLP) by 2.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 19,971 shares of the energy company’s stock after buying an additional 476 shares during the quarter. BCS Wealth Management’s holdings in Alliance Resource Partners were worth $525,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Eastern Bank acquired a new stake in Alliance Resource Partners in the third quarter valued at $72,000. Integrated Wealth Concepts LLC acquired a new stake in shares of Alliance Resource Partners during the 3rd quarter worth about $206,000. Legacy Financial Group Inc. purchased a new stake in Alliance Resource Partners during the second quarter worth approximately $226,000. Dakota Wealth Management purchased a new stake in Alliance Resource Partners during the third quarter worth approximately $251,000. Finally, Moors & Cabot Inc. acquired a new position in Alliance Resource Partners in the third quarter valued at approximately $304,000. 18.11% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Alliance Resource Partners news, SVP Timothy J. Whelan sold 10,000 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $28.00, for a total transaction of $280,000.00. Following the completion of the sale, the senior vice president now directly owns 157,946 shares of the company’s stock, valued at approximately $4,422,488. This trade represents a 5.95 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 16.80% of the company’s stock.

Alliance Resource Partners Price Performance

Shares of NASDAQ ARLP opened at $27.09 on Wednesday. The stock has a market cap of $3.47 billion, a P/E ratio of 7.70 and a beta of 1.17. Alliance Resource Partners, L.P. has a twelve month low of $18.32 and a twelve month high of $29.44. The stock has a 50 day moving average of $26.68 and a two-hundred day moving average of $25.27. 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 released its quarterly earnings results on Monday, October 28th. The energy company reported $0.66 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.16). Alliance Resource Partners had a net margin of 18.52% and a return on equity of 23.74%. The business had revenue of $613.57 million during the quarter, compared to analysts’ expectations of $646.17 million. During the same quarter last year, the company earned $1.18 EPS. On average, research analysts forecast that Alliance Resource Partners, L.P. will post 3.19 earnings per share for the current year.

Alliance Resource Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Thursday, November 7th were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $2.80 annualized dividend and a dividend yield of 10.34%. Alliance Resource Partners’s dividend payout ratio (DPR) is 79.55%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ARLP. Singular Research downgraded shares of Alliance Resource Partners from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, December 2nd. Benchmark lifted their price target on shares of Alliance Resource Partners from $26.00 to $27.00 and gave the stock a “buy” rating in a research note on Tuesday, October 29th. Finally, StockNews.com downgraded shares of Alliance Resource Partners from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 15th.

About Alliance Resource Partners

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.