Cadent Capital Advisors LLC Buys 453 Shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP)

Cadent Capital Advisors LLC boosted its stake in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP) by 1.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 23,816 shares of the energy company’s stock after acquiring an additional 453 shares during the period. Cadent Capital Advisors LLC’s holdings in Alliance Resource Partners were worth $626,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC raised its stake in Alliance Resource Partners by 85.6% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 16,502 shares of the energy company’s stock valued at $413,000 after purchasing an additional 7,609 shares in the last quarter. Tidal Investments LLC lifted its holdings in shares of Alliance Resource Partners by 1.2% during the 3rd quarter. Tidal Investments LLC now owns 34,283 shares of the energy company’s stock worth $857,000 after acquiring an additional 391 shares during the period. Optimist Retirement Group LLC boosted its position in shares of Alliance Resource Partners by 1.8% during the 3rd quarter. Optimist Retirement Group LLC now owns 93,462 shares of the energy company’s stock worth $2,337,000 after acquiring an additional 1,691 shares in the last quarter. Recurrent Investment Advisors LLC increased its stake in Alliance Resource Partners by 6.2% in the third 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 during the last quarter. Finally, NFC Investments LLC raised its position in Alliance Resource Partners by 2.5% during the third quarter. NFC Investments LLC now owns 69,800 shares of the energy company’s stock valued at $1,745,000 after purchasing an additional 1,700 shares in the last quarter. 18.11% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Alliance Resource Partners

In other news, SVP Timothy J. Whelan sold 10,000 shares of Alliance Resource Partners stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $28.00, for a total transaction of $280,000.00. Following the sale, the senior vice president now directly owns 157,946 shares in the company, valued at $4,422,488. The trade was a 5.95 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 16.80% of the stock is currently owned by insiders.

Alliance Resource Partners Trading Up 0.6 %

ARLP traded up $0.15 during midday trading on Monday, hitting $27.34. 175,969 shares of the company were exchanged, compared to its average volume of 211,067. Alliance Resource Partners, L.P. has a 1-year low of $18.32 and a 1-year high of $29.44. The company has a quick ratio of 1.69, a current ratio of 2.36 and a debt-to-equity ratio of 0.24. The firm’s 50 day moving average price is $26.66 and its 200-day moving average price is $25.24. The firm has a market capitalization of $3.50 billion, a P/E ratio of 7.77 and a beta of 1.17.

Alliance Resource Partners (NASDAQ:ARLP) last released its earnings results on Monday, October 28th. The energy company reported $0.66 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.16). The business had revenue of $613.57 million for the quarter, compared to analyst estimates of $646.17 million. Alliance Resource Partners had a return on equity of 23.74% and a net margin of 18.52%. During the same period in the prior year, the business earned $1.18 EPS. As a group, equities analysts forecast that Alliance Resource Partners, L.P. will post 3.19 EPS for the current fiscal year.

Alliance Resource Partners Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Thursday, November 7th were issued a $0.70 dividend. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $2.80 annualized dividend and a yield of 10.24%. Alliance Resource Partners’s payout ratio is currently 79.55%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ARLP. Singular Research lowered Alliance Resource Partners from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, December 2nd. StockNews.com downgraded shares of Alliance Resource Partners from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 15th. Finally, Benchmark increased their target price on Alliance Resource Partners from $26.00 to $27.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th.

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.