Concurrent Investment Advisors LLC Increases Stock Position in Alliance Resource Partners, L.P. (NASDAQ:ARLP)

Concurrent Investment Advisors LLC lifted its holdings in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP) by 28.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,710 shares of the energy company’s stock after acquiring an additional 5,969 shares during the period. Concurrent Investment Advisors LLC’s holdings in Alliance Resource Partners were worth $702,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of ARLP. USA Financial Formulas purchased a new position in shares of Alliance Resource Partners during the fourth quarter worth approximately $33,000. Bogart Wealth LLC purchased a new position in Alliance Resource Partners in the 4th quarter valued at $127,000. Integrated Wealth Concepts LLC purchased a new position in Alliance Resource Partners in the 3rd quarter valued at $206,000. Dakota Wealth Management purchased a new position in Alliance Resource Partners in the 3rd quarter valued at $251,000. Finally, DAVENPORT & Co LLC purchased a new position in Alliance Resource Partners in the 4th quarter valued at $285,000. 18.11% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on ARLP shares. Singular Research lowered shares of Alliance Resource Partners from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, December 2nd. Benchmark reiterated 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, StockNews.com lowered shares of Alliance Resource Partners from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th.

Alliance Resource Partners Price Performance

Alliance Resource Partners stock opened at $26.70 on Monday. 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 quick ratio of 1.69 and a current ratio of 2.36. The business has a fifty day moving average of $26.96 and a two-hundred day moving average of $25.82. The company has a market cap of $3.42 billion, a P/E ratio of 9.67 and a beta of 1.16.

Alliance Resource Partners (NASDAQ:ARLP) last released its 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 predict that Alliance Resource Partners, L.P. will post 2.72 earnings per share for the current fiscal year.

Alliance Resource Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 10.49%. The ex-dividend date was Friday, February 7th. Alliance Resource Partners’s dividend payout ratio (DPR) is currently 101.45%.

Insider Buying and Selling 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 on Monday, December 2nd. The stock was 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 owns 157,946 shares of the company’s stock, valued at approximately $4,422,488. This trade represents a 5.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 16.80% of the stock is owned by corporate insiders.

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.