4,845 Shares in Alliance Resource Partners, L.P. (NASDAQ:ARLP) Bought by Bogart Wealth LLC

Bogart Wealth LLC purchased a new position in Alliance Resource Partners, L.P. (NASDAQ:ARLP) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 4,845 shares of the energy company’s stock, valued at approximately $127,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BCS Wealth Management lifted its position in Alliance Resource Partners by 5.7% during the third quarter. BCS Wealth Management now owns 19,495 shares of the energy company’s stock valued at $487,000 after buying an additional 1,056 shares during the period. Cadent Capital Advisors LLC lifted its position in Alliance Resource Partners by 11.3% during the third quarter. Cadent Capital Advisors LLC now owns 23,363 shares of the energy company’s stock valued at $584,000 after buying an additional 2,377 shares during the period. Eastern Bank purchased a new position in Alliance Resource Partners during the third quarter valued at $72,000. International Assets Investment Management LLC purchased a new position in Alliance Resource Partners during the third quarter valued at $7,500,000. Finally, Dakota Wealth Management purchased a new position in Alliance Resource Partners during the third quarter valued at $251,000. Hedge funds and other institutional investors own 18.11% of the company’s stock.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. StockNews.com lowered Alliance Resource Partners from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Singular Research lowered Alliance Resource Partners from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, December 2nd. Finally, Benchmark reaffirmed a “buy” rating and issued a $29.00 price target (up previously from $27.00) on shares of Alliance Resource Partners in a research report on Tuesday, February 4th.

Alliance Resource Partners Price Performance

ARLP opened at $26.76 on Friday. The stock has a 50-day moving average price of $26.88 and a 200-day moving average price of $25.69. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.36 and a quick ratio of 1.69. The firm has a market cap of $3.43 billion, a PE ratio of 9.70 and a beta of 1.16. Alliance Resource Partners, L.P. has a 1 year low of $18.32 and a 1 year high of $30.56.

Alliance Resource Partners (NASDAQ:ARLP) last posted its quarterly earnings results on Monday, February 3rd. The energy company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.38). Alliance Resource Partners had a return on equity of 19.09% and a net margin of 14.74%. 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were issued a $0.70 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $2.80 annualized dividend and a yield of 10.46%. Alliance Resource Partners’s payout ratio is 101.45%.

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.