Alliance Resource Partners, L.P. (NASDAQ:ARLP) Shares Bought by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC increased its position in Alliance Resource Partners, L.P. (NASDAQ:ARLP) by 26.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,452 shares of the energy company’s stock after acquiring an additional 5,512 shares during the period. Kestra Private Wealth Services LLC’s holdings in Alliance Resource Partners were worth $695,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of ARLP. BNP Paribas Financial Markets grew its holdings in Alliance Resource Partners by 48.4% in the third quarter. BNP Paribas Financial Markets now owns 22,446 shares of the energy company’s stock valued at $561,000 after purchasing an additional 7,321 shares during the last quarter. Pathway Financial Advisers LLC boosted its position in shares of Alliance Resource Partners by 2,400.0% in the 3rd quarter. Pathway Financial Advisers LLC now owns 67,675 shares of the energy company’s stock worth $1,692,000 after buying an additional 64,968 shares in the last quarter. Atlanta Consulting Group Advisors LLC acquired a new stake in Alliance Resource Partners in the 3rd quarter valued at about $29,144,000. International Assets Investment Management LLC purchased a new position in Alliance Resource Partners during the 3rd quarter valued at about $7,500,000. Finally, Crescent Grove Advisors LLC raised its position in Alliance Resource Partners by 15.5% during the third quarter. Crescent Grove Advisors LLC now owns 208,793 shares of the energy company’s stock worth $5,220,000 after acquiring an additional 28,016 shares during the last quarter. 18.11% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ARLP. StockNews.com cut shares of Alliance Resource Partners from a “buy” rating to a “hold” rating in a research note 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 reaffirmed a “buy” rating and set a $29.00 price objective (up previously from $27.00) on shares of Alliance Resource Partners in a research note on Tuesday, February 4th.

Insider Transactions at Alliance Resource Partners

In related news, SVP Timothy J. Whelan sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were 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. The trade was a 5.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 16.80% of the company’s stock.

Alliance Resource Partners Stock Performance

Shares of ARLP opened at $26.76 on Friday. The company has a market capitalization of $3.43 billion, a price-to-earnings ratio of 9.70 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. Alliance Resource Partners, L.P. has a 1 year low of $18.32 and a 1 year high of $30.56. The company’s 50 day simple moving average is $26.88 and its 200 day simple moving average is $25.69.

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%. On average, sell-side analysts predict that Alliance Resource Partners, L.P. will post 2.72 EPS for the current year.

Alliance Resource Partners Announces Dividend

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

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.