Optimist Retirement Group LLC Sells 3,058 Shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP)

Optimist Retirement Group LLC lowered its stake in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP) by 3.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 90,404 shares of the energy company’s stock after selling 3,058 shares during the period. Alliance Resource Partners accounts for 1.1% of Optimist Retirement Group LLC’s investment portfolio, making the stock its 19th biggest holding. Optimist Retirement Group LLC’s holdings in Alliance Resource Partners were worth $2,377,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Atlanta Consulting Group Advisors LLC bought a new stake in shares of Alliance Resource Partners in the third quarter valued at $29,144,000. Progeny 3 Inc. increased its holdings in Alliance Resource Partners by 3.4% in the 3rd quarter. Progeny 3 Inc. now owns 2,904,181 shares of the energy company’s stock worth $72,605,000 after acquiring an additional 96,780 shares during the last quarter. Recurrent Investment Advisors LLC raised its stake in Alliance Resource Partners by 6.2% in the 3rd quarter. Recurrent Investment Advisors LLC now owns 1,145,145 shares of the energy company’s stock valued at $28,629,000 after acquiring an additional 66,761 shares during the period. Pathway Financial Advisers LLC lifted its holdings in Alliance Resource Partners by 2,400.0% during the third quarter. Pathway Financial Advisers LLC now owns 67,675 shares of the energy company’s stock valued at $1,692,000 after purchasing an additional 64,968 shares during the last quarter. Finally, International Assets Investment Management LLC bought a new position in Alliance Resource Partners during the third quarter worth about $7,500,000. Hedge funds and other institutional investors own 18.11% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on ARLP shares. Singular Research cut shares of Alliance Resource Partners from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, December 2nd. Benchmark reissued a “buy” rating and set a $29.00 target price (up previously from $27.00) on shares of Alliance Resource Partners in a report on Tuesday. Finally, StockNews.com lowered Alliance Resource Partners from a “buy” rating to a “hold” rating in a report on Wednesday.

Insider Buying and Selling

In related news, SVP Timothy J. Whelan sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $28.00, for a total value of $280,000.00. Following the sale, the senior vice president now directly owns 157,946 shares of the company’s stock, valued at $4,422,488. This trade represents a 5.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 16.80% of the stock is currently owned by company insiders.

Alliance Resource Partners Stock Up 0.6 %

ARLP stock opened at $28.14 on Thursday. The stock has a 50-day simple moving average of $26.99 and a two-hundred day simple moving average of $25.63. Alliance Resource Partners, L.P. has a twelve month low of $18.32 and a twelve month high of $30.56. The firm has a market capitalization of $3.60 billion, a PE ratio of 7.99 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 issued its quarterly earnings data on Monday, February 3rd. The energy company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.38). Alliance Resource Partners had a net margin of 18.52% and a return on equity of 23.74%. On average, equities analysts predict that Alliance Resource Partners, L.P. will post 3.19 EPS for the current fiscal year.

Alliance Resource Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, February 7th will be given a $0.70 dividend. The ex-dividend date is Friday, February 7th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 9.95%. Alliance Resource Partners’s dividend payout ratio (DPR) is presently 79.55%.

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.