Summit Securities Group LLC Raises Stake in Alliance Resource Partners, L.P. (NASDAQ:ARLP)

Summit Securities Group LLC boosted its position in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP) by 350.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,800 shares of the energy company’s stock after acquiring an additional 1,400 shares during the period. Summit Securities Group LLC’s holdings in Alliance Resource Partners were worth $47,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Steward Partners Investment Advisory LLC acquired a new position in shares of Alliance Resource Partners during the fourth quarter worth $26,000. USA Financial Formulas acquired a new position in shares of Alliance Resource Partners during the 4th quarter worth about $33,000. Bogart Wealth LLC purchased a new position in shares of Alliance Resource Partners in the 4th quarter valued at about $127,000. MONECO Advisors LLC purchased a new position in shares of Alliance Resource Partners in the 4th quarter valued at about $201,000. Finally, Meridian Wealth Management LLC acquired a new stake in shares of Alliance Resource Partners during the 4th quarter worth about $202,000. 18.11% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Alliance Resource Partners

In other news, SVP Timothy J. Whelan sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $25.13, for a total value of $1,256,500.00. Following the transaction, the senior vice president now owns 93,850 shares of the company’s stock, valued at approximately $2,358,450.50. The trade was a 34.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 16.80% of the stock is owned by company insiders.

Alliance Resource Partners Price Performance

Shares of NASDAQ ARLP opened at $26.66 on Monday. The stock has a market cap of $3.42 billion, a P/E ratio of 9.66 and a beta of 1.09. Alliance Resource Partners, L.P. has a twelve month low of $20.05 and a twelve month high of $30.56. The stock has a 50 day moving average of $26.65 and a two-hundred day moving average of $26.23. The company has a current ratio of 2.36, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24.

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

Alliance Resource Partners Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 10.50%. The ex-dividend date was Friday, February 7th. Alliance Resource Partners’s dividend payout ratio (DPR) is presently 101.45%.

Analysts Set New Price Targets

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

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.