Cutter & CO Brokerage Inc. Cuts Stock Holdings in Alliance Resource Partners, L.P. (NASDAQ:ARLP)

Cutter & CO Brokerage Inc. lessened its holdings in Alliance Resource Partners, L.P. (NASDAQ:ARLP) by 11.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,134 shares of the energy company’s stock after selling 2,666 shares during the quarter. Cutter & CO Brokerage Inc.’s holdings in Alliance Resource Partners were worth $426,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Barclays PLC boosted its stake in shares of Alliance Resource Partners by 407.1% in the second quarter. Barclays PLC now owns 5,497 shares of the energy company’s stock valued at $102,000 after buying an additional 4,413 shares in the last quarter. AE Wealth Management LLC grew its stake in shares of Alliance Resource Partners by 33.7% during the 3rd quarter. AE Wealth Management LLC now owns 23,436 shares of the energy company’s stock worth $528,000 after purchasing an additional 5,911 shares during the period. IFP Advisors Inc lifted its stake in shares of Alliance Resource Partners by 73.8% in the third quarter. IFP Advisors Inc now owns 7,769 shares of the energy company’s stock valued at $175,000 after purchasing an additional 3,300 shares during the period. Global Retirement Partners LLC boosted its holdings in Alliance Resource Partners by 3,762.6% during the third quarter. Global Retirement Partners LLC now owns 17,343 shares of the energy company’s stock worth $376,000 after buying an additional 16,894 shares in the last quarter. Finally, Founders Financial Securities LLC purchased a new position in Alliance Resource Partners in the third quarter valued at about $206,000. Institutional investors and hedge funds own 18.11% of the company’s stock.

Alliance Resource Partners Price Performance

ARLP traded down $0.02 during midday trading on Wednesday, reaching $21.17. 118,338 shares of the company’s stock were exchanged, compared to its average volume of 438,947. The business’s 50-day moving average price is $19.97 and its 200 day moving average price is $20.96. The stock has a market capitalization of $2.71 billion, a PE ratio of 4.41 and a beta of 1.14. Alliance Resource Partners, L.P. has a 1-year low of $17.05 and a 1-year high of $24.30. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.27 and a quick ratio of 1.71.

Alliance Resource Partners (NASDAQ:ARLP) last announced its earnings results on Monday, January 29th. The energy company reported $0.88 EPS for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.26). Alliance Resource Partners had a net margin of 24.50% and a return on equity of 34.90%. The company had revenue of $625.42 million for the quarter, compared to analyst estimates of $672.54 million. During the same quarter last year, the company posted $1.63 EPS. As a group, equities analysts anticipate that Alliance Resource Partners, L.P. will post 4.05 EPS for the current fiscal year.

Alliance Resource Partners Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 14th. Stockholders of record on Wednesday, February 7th were issued a dividend of $0.70 per share. The ex-dividend date was Tuesday, February 6th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 13.23%. Alliance Resource Partners’s dividend payout ratio (DPR) is presently 58.21%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Alliance Resource Partners from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 6th.

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.