MONECO Advisors LLC Invests $201,000 in Alliance Resource Partners, L.P. (NASDAQ:ARLP)

MONECO Advisors LLC purchased a new position in Alliance Resource Partners, L.P. (NASDAQ:ARLP) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 7,650 shares of the energy company’s stock, valued at approximately $201,000.

Several other large investors have also recently modified their holdings of ARLP. International Assets Investment Management LLC bought a new stake in Alliance Resource Partners in the 3rd quarter worth about $7,500,000. Dakota Wealth Management bought a new stake in Alliance Resource Partners in the 3rd quarter worth about $251,000. J.W. Cole Advisors Inc. increased its holdings in Alliance Resource Partners by 3.8% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 21,746 shares of the energy company’s stock worth $544,000 after buying an additional 797 shares in the last quarter. Andina Capital Management LLC increased its holdings in Alliance Resource Partners by 5.2% in the 3rd quarter. Andina Capital Management LLC now owns 15,171 shares of the energy company’s stock worth $379,000 after buying an additional 745 shares in the last quarter. Finally, Crescent Grove Advisors LLC increased its holdings in Alliance Resource Partners by 15.5% in the 3rd quarter. Crescent Grove Advisors LLC now owns 208,793 shares of the energy company’s stock worth $5,220,000 after buying an additional 28,016 shares in the last quarter. Hedge funds and other institutional investors own 18.11% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. StockNews.com downgraded Alliance Resource Partners from a “buy” rating to a “hold” rating in a report on Wednesday, February 5th. Benchmark reiterated a “buy” rating and issued a $29.00 price objective (up from $27.00) on shares of Alliance Resource Partners in a report on Tuesday, February 4th. Finally, Singular Research downgraded Alliance Resource Partners from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, December 2nd.

Alliance Resource Partners Trading Up 0.9 %

Alliance Resource Partners stock opened at $26.57 on Wednesday. The business has a 50-day simple moving average of $26.98 and a two-hundred day simple moving average of $25.87. The company has a market cap of $3.40 billion, a P/E ratio of 9.63 and a beta of 1.16. Alliance Resource Partners, L.P. has a 52-week low of $18.32 and a 52-week high of $30.56. 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 released its quarterly 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 predict that Alliance Resource Partners, L.P. will post 2.72 EPS for the current year.

Alliance Resource Partners Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 10.54%. Alliance Resource Partners’s dividend payout ratio is currently 101.45%.

Insider Activity at Alliance Resource Partners

In related news, SVP Timothy J. Whelan sold 10,000 shares of the business’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 completion of the transaction, the senior vice president now directly 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 can be accessed through this link. 16.80% of the stock is currently owned by corporate insiders.

Alliance Resource Partners 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.