Raymond James & Associates Sells 7,587 Shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP)

Raymond James & Associates lessened its stake in Alliance Resource Partners, L.P. (NASDAQ:ARLP) by 19.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,648 shares of the energy company’s stock after selling 7,587 shares during the quarter. Raymond James & Associates’ holdings in Alliance Resource Partners were worth $670,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Recurrent Investment Advisors LLC raised its position in shares of Alliance Resource Partners by 4.9% in the 3rd quarter. Recurrent Investment Advisors LLC now owns 735,784 shares of the energy company’s stock valued at $16,577,000 after acquiring an additional 34,500 shares during the period. ING Groep NV raised its holdings in Alliance Resource Partners by 8.0% in the third quarter. ING Groep NV now owns 420,000 shares of the energy company’s stock worth $9,463,000 after purchasing an additional 31,000 shares during the period. Adams Asset Advisors LLC boosted its position in shares of Alliance Resource Partners by 17.6% during the fourth quarter. Adams Asset Advisors LLC now owns 307,383 shares of the energy company’s stock worth $6,510,000 after purchasing an additional 45,957 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Alliance Resource Partners by 91.8% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 282,576 shares of the energy company’s stock valued at $6,366,000 after buying an additional 135,226 shares during the period. Finally, Oppenheimer & Co. Inc. bought a new stake in shares of Alliance Resource Partners in the 3rd quarter valued at $2,044,000. Institutional investors and hedge funds own 18.11% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com lowered Alliance Resource Partners from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 6th.

Alliance Resource Partners Price Performance

NASDAQ ARLP opened at $21.18 on Thursday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.71 and a current ratio of 2.27. Alliance Resource Partners, L.P. has a 52-week low of $17.05 and a 52-week high of $24.30. The business has a 50 day simple moving average of $20.00 and a 200 day simple moving average of $20.96. The stock has a market cap of $2.71 billion, a price-to-earnings ratio of 4.40 and a beta of 1.14.

Alliance Resource Partners (NASDAQ:ARLP) last issued its quarterly earnings data on Monday, January 29th. The energy company reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.14 by ($0.26). The company had revenue of $625.42 million for the quarter, compared to the consensus estimate of $672.54 million. Alliance Resource Partners had a return on equity of 34.90% and a net margin of 24.50%. During the same period in the prior year, the company earned $1.63 EPS. Analysts anticipate that Alliance Resource Partners, L.P. will post 4.05 earnings per share for the current fiscal year.

Alliance Resource Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 14th. Stockholders of record on Wednesday, February 7th were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Tuesday, February 6th. This represents a $2.80 annualized dividend and a dividend yield of 13.22%. Alliance Resource Partners’s dividend payout ratio is currently 58.21%.

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.