BCS Wealth Management Increases Stake in Alliance Resource Partners, L.P. (NASDAQ:ARLP)

BCS Wealth Management grew its position in Alliance Resource Partners, L.P. (NASDAQ:ARLP) by 2.4% during the 4th quarter, Holdings Channel reports. The fund owned 19,971 shares of the energy company’s stock after buying an additional 476 shares during the quarter. BCS Wealth Management’s holdings in Alliance Resource Partners were worth $525,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in ARLP. Atlanta Consulting Group Advisors LLC purchased a new position in Alliance Resource Partners in the third quarter worth $29,144,000. Progeny 3 Inc. grew its stake in shares of Alliance Resource Partners by 3.4% during the 3rd quarter. Progeny 3 Inc. now owns 2,904,181 shares of the energy company’s stock worth $72,605,000 after purchasing an additional 96,780 shares during the period. Recurrent Investment Advisors LLC increased its holdings in shares of 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 purchasing an additional 66,761 shares in the last quarter. Pathway Financial Advisers LLC lifted its stake in shares of Alliance Resource Partners by 2,400.0% in 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 period. Finally, Creative Planning boosted its holdings in Alliance Resource Partners by 89.8% during the second quarter. Creative Planning now owns 72,099 shares of the energy company’s stock worth $1,764,000 after buying an additional 34,106 shares in the last quarter. 18.11% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Alliance Resource Partners

In other news, SVP Timothy J. Whelan sold 10,000 shares of Alliance Resource Partners stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $28.00, for a total transaction of $280,000.00. Following the completion of the sale, the senior vice president now directly owns 157,946 shares in the company, valued at $4,422,488. The trade was a 5.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 16.80% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on ARLP. StockNews.com cut shares of Alliance Resource Partners from a “strong-buy” rating to a “buy” rating in a report on Friday, November 15th. Singular Research cut Alliance Resource Partners from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, December 2nd. Finally, Benchmark boosted their target price on Alliance Resource Partners from $26.00 to $27.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th.

Alliance Resource Partners Stock Performance

NASDAQ:ARLP opened at $27.09 on Wednesday. The company has a current ratio of 2.36, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $3.47 billion, a P/E ratio of 7.70 and a beta of 1.17. The firm has a 50-day moving average price of $26.68 and a two-hundred day moving average price of $25.27. Alliance Resource Partners, L.P. has a twelve month low of $18.32 and a twelve month high of $29.44.

Alliance Resource Partners (NASDAQ:ARLP) last issued its quarterly earnings data on Monday, October 28th. The energy company reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.16). Alliance Resource Partners had a return on equity of 23.74% and a net margin of 18.52%. The business had revenue of $613.57 million for the quarter, compared to analysts’ expectations of $646.17 million. During the same period last year, the business earned $1.18 earnings per share. As a group, research analysts expect that Alliance Resource Partners, L.P. will post 3.19 earnings per share for the current fiscal year.

Alliance Resource Partners Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Thursday, November 7th were issued a $0.70 dividend. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 10.34%. Alliance Resource Partners’s dividend payout ratio (DPR) is 79.55%.

About Alliance Resource Partners

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.