Kestra Private Wealth Services LLC Grows Position in Alliance Resource Partners, L.P. (NASDAQ:ARLP)

Kestra Private Wealth Services LLC grew its position in Alliance Resource Partners, L.P. (NASDAQ:ARLP) by 26.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 26,452 shares of the energy company’s stock after acquiring an additional 5,512 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Alliance Resource Partners were worth $695,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Progeny 3 Inc. lifted its position in Alliance Resource Partners by 3.4% during the third quarter. Progeny 3 Inc. now owns 2,904,181 shares of the energy company’s stock valued at $72,605,000 after buying an additional 96,780 shares in the last quarter. Atlanta Consulting Group Advisors LLC acquired a new position in shares of Alliance Resource Partners during the 3rd quarter valued at $29,144,000. Recurrent Investment Advisors LLC lifted 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 valued at $28,629,000 after acquiring an additional 66,761 shares in the last quarter. Crescent Grove Advisors LLC increased its holdings in Alliance Resource Partners by 15.5% in the 3rd quarter. Crescent Grove Advisors LLC now owns 208,793 shares of the energy company’s stock valued at $5,220,000 after purchasing an additional 28,016 shares in the last quarter. Finally, Optimist Retirement Group LLC raised its position in Alliance Resource Partners by 1.8% in the third quarter. Optimist Retirement Group LLC now owns 93,462 shares of the energy company’s stock valued at $2,337,000 after purchasing an additional 1,691 shares during the period. Hedge funds and other 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 10,000 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $28.00, for a total transaction of $280,000.00. Following the transaction, the senior vice president now owns 157,946 shares of the company’s stock, valued at approximately $4,422,488. This trade represents a 5.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 16.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

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

Alliance Resource Partners Stock Down 0.6 %

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

Alliance Resource Partners (NASDAQ:ARLP) last posted its quarterly earnings data 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%. As a group, equities analysts anticipate that Alliance Resource Partners, L.P. will post 2.72 earnings per share for the current fiscal year.

Alliance Resource Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were paid a dividend of $0.70 per share. The ex-dividend date was Friday, February 7th. This represents a $2.80 dividend on an annualized basis and a yield of 10.46%. Alliance Resource Partners’s dividend payout ratio (DPR) is 101.45%.

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.