USA Financial Formulas Purchases Shares of 1,270 Alliance Resource Partners, L.P. (NASDAQ:ARLP)

USA Financial Formulas acquired a new position in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,270 shares of the energy company’s stock, valued at approximately $33,000.

A number of other hedge funds have also modified their holdings of ARLP. Inspire Investing LLC acquired a new position in Alliance Resource Partners during the 2nd quarter worth approximately $790,000. Creative Planning boosted its holdings in Alliance Resource Partners by 89.8% during the second quarter. Creative Planning now owns 72,099 shares of the energy company’s stock worth $1,764,000 after purchasing an additional 34,106 shares during the last quarter. Progeny 3 Inc. grew its position in Alliance Resource Partners by 2.8% in the second quarter. Progeny 3 Inc. now owns 2,807,401 shares of the energy company’s stock valued at $68,669,000 after purchasing an additional 75,340 shares in the last quarter. BCS Wealth Management increased its stake in Alliance Resource Partners by 5.7% in the 3rd quarter. BCS Wealth Management now owns 19,495 shares of the energy company’s stock valued at $487,000 after buying an additional 1,056 shares during the last quarter. Finally, Cadent Capital Advisors LLC lifted its position in Alliance Resource Partners by 11.3% during the 3rd quarter. Cadent Capital Advisors LLC now owns 23,363 shares of the energy company’s stock worth $584,000 after buying an additional 2,377 shares in the last quarter. 18.11% of the stock is currently owned by institutional investors.

Insider Transactions at Alliance Resource Partners

In other Alliance Resource Partners 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 transaction 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 $4,422,488. This trade represents a 5.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 16.80% of the stock is currently owned by corporate insiders.

Alliance Resource Partners Stock Down 0.6 %

Shares of ARLP stock opened at $27.86 on Friday. Alliance Resource Partners, L.P. has a 52-week low of $18.32 and a 52-week high of $29.44. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 2.36. The stock has a market cap of $3.57 billion, a price-to-earnings ratio of 7.91 and a beta of 1.17. The firm’s 50-day moving average is $26.76 and its 200-day moving average is $25.34.

Alliance Resource Partners (NASDAQ:ARLP) last released its quarterly earnings data on Monday, October 28th. The energy company reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.16). Alliance Resource Partners had a net margin of 18.52% and a return on equity of 23.74%. The business had revenue of $613.57 million during the quarter, compared to analyst estimates of $646.17 million. During the same period in the previous year, the business earned $1.18 earnings per share. Sell-side analysts predict that Alliance Resource Partners, L.P. will post 3.19 EPS for the current year.

Alliance Resource Partners Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Thursday, November 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 10.05%. The ex-dividend date was Thursday, November 7th. Alliance Resource Partners’s dividend payout ratio is presently 79.55%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on ARLP shares. Singular Research cut Alliance Resource Partners from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, December 2nd. Benchmark boosted their price target on Alliance Resource Partners from $26.00 to $27.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. Finally, StockNews.com cut Alliance Resource Partners from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 15th.

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.