Alliance Resource Partners (NASDAQ:ARLP) Downgraded by StockNews.com to “Hold”

StockNews.com lowered shares of Alliance Resource Partners (NASDAQ:ARLP) from a buy rating to a hold rating in a research report released on Wednesday.

Other equities research analysts also recently issued reports about the company. Benchmark reaffirmed a “buy” rating and issued a $29.00 price target (up from $27.00) on shares of Alliance Resource Partners in a research report on Tuesday. Singular Research lowered Alliance Resource Partners from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, December 2nd.

Alliance Resource Partners Stock Up 0.6 %

ARLP opened at $28.14 on Wednesday. Alliance Resource Partners has a twelve month low of $18.32 and a twelve month 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 50 day moving average price of $26.99 and a 200 day moving average price of $25.63. The firm has a market cap of $3.60 billion, a P/E ratio of 7.99 and a beta of 1.16.

Alliance Resource Partners (NASDAQ:ARLP) last issued its quarterly earnings data on Monday, February 3rd. The energy company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.38). Alliance Resource Partners had a return on equity of 23.74% and a net margin of 18.52%. Research analysts forecast that Alliance Resource Partners will post 3.19 EPS for the current year.

Alliance Resource Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, February 7th will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 9.95%. The ex-dividend date of this dividend is Friday, February 7th. Alliance Resource Partners’s dividend payout ratio is 79.55%.

Insider Buying and Selling at Alliance Resource Partners

In other Alliance Resource Partners news, SVP Timothy J. Whelan sold 10,000 shares of the company’s stock in a transaction 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 owns 157,946 shares in the company, valued at approximately $4,422,488. The trade was a 5.95 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 16.80% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in ARLP. USA Financial Formulas acquired a new stake in Alliance Resource Partners in the fourth quarter worth $33,000. Eastern Bank acquired a new position in Alliance Resource Partners in the third quarter valued at about $72,000. Bogart Wealth LLC bought a new stake in shares of Alliance Resource Partners in the fourth quarter worth about $127,000. MONECO Advisors LLC bought a new stake in Alliance Resource Partners during the 4th quarter worth approximately $201,000. Finally, Integrated Wealth Concepts LLC bought a new stake in shares of Alliance Resource Partners during the third quarter worth $206,000. 18.11% of the stock is currently owned by institutional investors.

About Alliance Resource Partners

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.