Bogart Wealth LLC Invests $127,000 in Alliance Resource Partners, L.P. (NASDAQ:ARLP)

Bogart Wealth LLC purchased a new position in Alliance Resource Partners, L.P. (NASDAQ:ARLP) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,845 shares of the energy company’s stock, valued at approximately $127,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. USA Financial Formulas purchased a new stake in shares of Alliance Resource Partners in the fourth quarter worth about $33,000. Eastern Bank bought a new position in shares of Alliance Resource Partners in the third quarter worth approximately $72,000. Integrated Wealth Concepts LLC bought a new position in shares of Alliance Resource Partners in the third quarter worth approximately $206,000. Dakota Wealth Management bought a new position in shares of Alliance Resource Partners in the third quarter worth approximately $251,000. Finally, DAVENPORT & Co LLC bought a new position in shares of Alliance Resource Partners in the fourth quarter worth approximately $285,000. 18.11% of the stock is owned by hedge funds and other institutional investors.

Alliance Resource Partners Stock Down 0.6 %

Shares of NASDAQ ARLP opened at $26.76 on Friday. Alliance Resource Partners, L.P. has a one year low of $18.32 and a one year high of $30.56. 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’s 50 day simple moving average is $26.88 and its two-hundred day simple moving average is $25.69. The stock has a market capitalization of $3.43 billion, a P/E ratio of 9.70 and a beta of 1.16.

Alliance Resource Partners (NASDAQ:ARLP) last issued its quarterly earnings results on Monday, February 3rd. The energy company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.38). Alliance Resource Partners had a net margin of 14.74% and a return on equity of 19.09%. As a group, analysts expect that Alliance Resource Partners, L.P. will post 2.72 EPS for the current fiscal year.

Alliance Resource Partners Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were issued a $0.70 dividend. This represents a $2.80 annualized dividend 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 101.45%.

Insider Transactions at Alliance Resource Partners

In other news, SVP Timothy J. Whelan sold 10,000 shares of the firm’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 transaction, the senior vice president now owns 157,946 shares in the company, 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 Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 16.80% of the company’s stock.

Analyst Upgrades and Downgrades

ARLP has been the topic of several research analyst reports. StockNews.com cut shares of Alliance Resource Partners from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Benchmark restated a “buy” rating and issued a $29.00 price objective (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 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.