7,650 Shares in Alliance Resource Partners, L.P. (NASDAQ:ARLP) Acquired by MONECO Advisors LLC

MONECO Advisors LLC acquired a new position in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP) during the 4th quarter, Holdings Channel reports. The fund acquired 7,650 shares of the energy company’s stock, valued at approximately $201,000.

Several other hedge funds have also modified their holdings of ARLP. Atlanta Consulting Group Advisors LLC purchased a new stake in shares of Alliance Resource Partners during the 3rd quarter worth approximately $29,144,000. Progeny 3 Inc. raised its holdings in shares of Alliance Resource Partners by 3.4% during the 3rd quarter. Progeny 3 Inc. now owns 2,904,181 shares of the energy company’s stock worth $72,605,000 after acquiring an additional 96,780 shares in the last quarter. Recurrent Investment Advisors LLC raised its holdings in shares of Alliance Resource Partners by 6.2% during the 3rd quarter. Recurrent Investment Advisors LLC now owns 1,145,145 shares of the energy company’s stock worth $28,629,000 after acquiring an additional 66,761 shares in the last quarter. Hidden Cove Wealth Management LLC purchased a new stake in shares of Alliance Resource Partners during the 4th quarter worth approximately $922,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of Alliance Resource Partners during the 3rd quarter worth approximately $7,500,000. 18.11% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ARLP. StockNews.com cut Alliance Resource Partners from a “buy” rating to a “hold” rating in a report on Wednesday, February 5th. Singular Research downgraded Alliance Resource Partners from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, December 2nd. Finally, Benchmark reissued a “buy” rating and set a $29.00 target price (up previously from $27.00) on shares of Alliance Resource Partners in a research report on Tuesday, February 4th.

Alliance Resource Partners Stock Performance

NASDAQ ARLP opened at $26.57 on Wednesday. The company has a market cap of $3.40 billion, a P/E ratio of 9.63 and a beta of 1.16. 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’s 50 day moving average price is $26.98 and its 200-day moving average price is $25.87. Alliance Resource Partners, L.P. has a fifty-two week low of $18.32 and a fifty-two week high of $30.56.

Alliance Resource Partners (NASDAQ:ARLP) last released its earnings results on Monday, February 3rd. The energy company reported $0.22 earnings per share 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%. Sell-side analysts predict that Alliance Resource Partners, L.P. will post 2.72 earnings per share for the current year.

Alliance Resource Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 10.54%. The ex-dividend date was Friday, February 7th. Alliance Resource Partners’s dividend payout ratio (DPR) is presently 101.45%.

Insider Buying and Selling at Alliance Resource Partners

In other Alliance Resource Partners news, SVP Timothy J. Whelan sold 10,000 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $28.00, for a total value of $280,000.00. Following the transaction, the senior vice president now owns 157,946 shares of the company’s stock, valued at $4,422,488. This represents a 5.95 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 16.80% of the stock is currently owned by corporate insiders.

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.