2 weeks Ago By Defense World Staff
Commonwealth Equity Services LLC lifted its holdings in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP – Free Report) by 13.
2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 80,841 shares of the energy company’s stock after purchasing an additional 9,451 shares during the quarter. Commonwealth Equity Services LLC owned about 0.
06% of Alliance Resource Partners worth $2,125,000 as of its most recent filing with the Securities and Exchange Commission. A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Steward Partners Investment Advisory LLC purchased a new stake in Alliance Resource Partners in the fourth quarter valued at approximately $26,000.
USA Financial Formulas purchased a new stake in shares of Alliance Resource Partners in the 4th quarter valued at $33,000. Bogart Wealth LLC acquired a new position in Alliance Resource Partners during the 4th quarter worth about $127,000. MONECO Advisors LLC acquired a new position in Alliance Resource Partners during the 4th quarter worth about $201,000.
Finally, Meridian Wealth Management LLC purchased a new position in Alliance Resource Partners during the 4th quarter valued at about $202,000. 18.11% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at Alliance Resource PartnersIn other news, SVP Timothy J. Whelan sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $25.
13, for a total transaction of $1,256,500.00. Following the completion of the sale, the senior vice president now owns 93,850 shares in the company, valued at approximately $2,358,450.
50. The trade was a 34.76 % decrease in their position.
The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 16.80% of the company’s stock.
Wall Street Analysts Forecast GrowthARLP has been the topic of several research reports. StockNews.com cut shares of Alliance Resource Partners from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th.
Singular Research cut shares of Alliance Resource Partners from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, December 2nd. Finally, Benchmark reaffirmed a “buy” rating and set a $29.00 price objective (up previously from $27.
00) on shares of Alliance Resource Partners in a research report on Tuesday, February 4th.Check Out Our Latest Research Report on ARLPAlliance Resource Partners Stock PerformanceShares of Alliance Resource Partners stock opened at $26.60 on Friday.
The business has a 50-day simple moving average of $26.68 and a 200-day simple moving average of $26.16.
The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 2.
36. Alliance Resource Partners, L.P.
has a one year low of $20.02 and a one year high of $30.56.
The company has a market cap of $3.42 billion, a PE ratio of 9.64 and a beta of 1.
09. Alliance Resource Partners (NASDAQ:ARLP – Get Free Report) last posted its quarterly earnings results 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 return on equity of 19.09% and a net margin of 14.74%.
On average, equities research analysts forecast that Alliance Resource Partners, L.P. will post 2.
72 EPS for the current fiscal year. Alliance Resource Partners Announces DividendThe firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were issued a dividend of $0.
70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 10.
53%. The ex-dividend date was Friday, February 7th. Alliance Resource Partners’s dividend payout ratio (DPR) is 101.
45%. Alliance Resource Partners Profile (Free Report)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.See AlsoFive stocks we like better than Alliance Resource Partners3 Best Fintech Stocks for a Portfolio BoostPenny Stock SurgePays Rises 70%: 1 Reason to Buy, 5 to Sell Airline Stocks – Top Airline Stocks to Buy NowTop 3 Beverage Stocks Pouring Out ProfitsComparing and Trading High PE Ratio StocksCarMax and Carvana: Steering the Used Car Market.
