Alliance Resource Partners, L.P. (NASDAQ:ARLP) Shares Sold by Cetera Investment Advisers

Cetera Investment Advisers lowered its stake in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP) by 4.7% during the second quarter, Holdings Channel reports. The institutional investor owned 49,356 shares of the energy company’s stock after selling 2,445 shares during the period. Cetera Investment Advisers’ holdings in Alliance Resource Partners were worth $1,207,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. American Financial Group Inc. lifted its position in shares of Alliance Resource Partners by 2.0% in the first quarter. American Financial Group Inc. now owns 25,500 shares of the energy company’s stock valued at $511,000 after acquiring an additional 500 shares in the last quarter. BCS Wealth Management lifted its position in shares of Alliance Resource Partners by 3.0% during the second quarter. BCS Wealth Management now owns 18,439 shares of the energy company’s stock worth $451,000 after purchasing an additional 536 shares in the last quarter. Andina Capital Management LLC increased its position in shares of Alliance Resource Partners by 3.9% during the second quarter. Andina Capital Management LLC now owns 14,426 shares of the energy company’s stock worth $353,000 after acquiring an additional 537 shares during the last quarter. Beacon Capital Management LLC grew its position in shares of Alliance Resource Partners by 135.8% during the second quarter. Beacon Capital Management LLC now owns 1,462 shares of the energy company’s stock worth $36,000 after buying an additional 842 shares in the last quarter. Finally, J.W. Cole Advisors Inc. raised its position in shares of Alliance Resource Partners by 4.2% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 20,949 shares of the energy company’s stock valued at $512,000 after acquiring an additional 847 shares in the last quarter. 18.11% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on ARLP. StockNews.com lowered shares of Alliance Resource Partners from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 31st. Benchmark increased their price objective on Alliance Resource Partners from $25.00 to $26.00 and gave the company a “buy” rating in a research report on Tuesday, July 30th.

Alliance Resource Partners Price Performance

NASDAQ ARLP opened at $24.94 on Thursday. Alliance Resource Partners, L.P. has a twelve month low of $18.32 and a twelve month high of $26.21. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.80 and a current ratio of 2.53. The stock has a market capitalization of $3.19 billion, a PE ratio of 5.46 and a beta of 1.13. The stock has a 50-day simple moving average of $24.03 and a 200 day simple moving average of $23.59.

Alliance Resource Partners (NASDAQ:ARLP) last released its quarterly earnings data on Monday, July 29th. The energy company reported $0.77 earnings per share for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.16). The company had revenue of $593.35 million for the quarter, compared to analyst estimates of $624.72 million. Alliance Resource Partners had a net margin of 21.04% and a return on equity of 27.54%. During the same period in the previous year, the firm posted $1.30 earnings per share. Research analysts anticipate that Alliance Resource Partners, L.P. will post 3.56 EPS for the current year.

Alliance Resource Partners Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Wednesday, August 7th were paid a $0.70 dividend. The ex-dividend date was Wednesday, August 7th. This represents a $2.80 annualized dividend and a dividend yield of 11.23%. Alliance Resource Partners’s dividend payout ratio (DPR) is currently 61.27%.

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.