Concurrent Investment Advisors LLC Raises Stake in Alliance Resource Partners, L.P. (NASDAQ:ARLP)

Concurrent Investment Advisors LLC lifted its position in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP) by 28.8% in the fourth quarter, Holdings Channel reports. The firm owned 26,710 shares of the energy company’s stock after purchasing 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 quarter.

A number of other institutional investors have also modified their holdings of the company. Tidal Investments LLC grew 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 purchasing an additional 391 shares during the period. Pekin Hardy Strauss Inc. boosted its holdings in Alliance Resource Partners by 0.9% in the 3rd quarter. Pekin Hardy Strauss Inc. now owns 46,905 shares of the energy company’s stock worth $1,173,000 after acquiring an additional 400 shares during the period. Cadent Capital Advisors LLC boosted its holdings in Alliance Resource Partners by 1.9% in the 4th quarter. Cadent Capital Advisors LLC now owns 23,816 shares of the energy company’s stock worth $626,000 after acquiring an additional 453 shares during the period. BCS Wealth Management boosted its holdings in Alliance Resource Partners by 2.4% in the 4th quarter. BCS Wealth Management now owns 19,971 shares of the energy company’s stock worth $525,000 after acquiring an additional 476 shares during the period. Finally, AlphaCore Capital LLC boosted its holdings in Alliance Resource Partners by 3.0% in the 3rd quarter. AlphaCore Capital LLC now owns 17,203 shares of the energy company’s stock worth $430,000 after acquiring an additional 503 shares during the period. Hedge funds and other institutional investors own 18.11% of the company’s stock.

Alliance Resource Partners Stock Performance

Shares of ARLP opened at $26.70 on Monday. The business’s 50 day moving average is $26.96 and its two-hundred day moving average is $25.82. Alliance Resource Partners, L.P. has a 52-week low of $18.32 and a 52-week high of $30.56. The firm has a market cap of $3.42 billion, a price-to-earnings ratio of 9.67 and a beta of 1.16. The company has a quick ratio of 1.69, a current ratio of 2.36 and a debt-to-equity ratio of 0.24.

Alliance Resource Partners (NASDAQ:ARLP) last announced its earnings results on Monday, February 3rd. The energy company reported $0.22 earnings per share (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%. Analysts forecast 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 declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 10.49%. The ex-dividend date of this dividend was Friday, February 7th. Alliance Resource Partners’s dividend payout ratio is currently 101.45%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Benchmark restated a “buy” rating and issued a $29.00 price target (up previously from $27.00) on shares of Alliance Resource Partners in a report on Tuesday, February 4th. StockNews.com cut Alliance Resource Partners from a “buy” rating to a “hold” rating in a report on Wednesday, February 5th. Finally, Singular Research cut Alliance Resource Partners from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, December 2nd.

Insider Activity at Alliance Resource Partners

In related news, SVP Timothy J. Whelan sold 10,000 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $4,422,488. This represents a 5.95 % decrease in their position. The transaction 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.

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.