Tidal Investments LLC Acquires 391 Shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP)

Tidal Investments LLC grew its holdings in Alliance Resource Partners, L.P. (NASDAQ:ARLP) by 1.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,283 shares of the energy company’s stock after purchasing an additional 391 shares during the period. Tidal Investments LLC’s holdings in Alliance Resource Partners were worth $857,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in ARLP. Pekin Hardy Strauss Inc. increased its stake in Alliance Resource Partners by 0.9% in the 3rd quarter. Pekin Hardy Strauss Inc. now owns 46,905 shares of the energy company’s stock worth $1,173,000 after buying an additional 400 shares during the period. AlphaCore Capital LLC increased its position in shares of Alliance Resource Partners by 3.0% during the third quarter. AlphaCore Capital LLC now owns 17,203 shares of the energy company’s stock worth $430,000 after acquiring an additional 503 shares during the period. Andina Capital Management LLC raised its stake in shares of Alliance Resource Partners by 5.2% during the third quarter. Andina Capital Management LLC now owns 15,171 shares of the energy company’s stock valued at $379,000 after acquiring an additional 745 shares in the last quarter. J.W. Cole Advisors Inc. boosted its holdings in shares of Alliance Resource Partners by 3.8% in the third quarter. J.W. Cole Advisors Inc. now owns 21,746 shares of the energy company’s stock valued at $544,000 after purchasing an additional 797 shares during the period. Finally, Beacon Capital Management LLC grew its stake in Alliance Resource Partners by 135.8% in the second quarter. Beacon Capital Management LLC now owns 1,462 shares of the energy company’s stock worth $36,000 after purchasing an additional 842 shares in the last quarter. 18.11% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Alliance Resource Partners

In other news, SVP Timothy J. Whelan sold 10,000 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $28.00, for a total value of $280,000.00. Following the completion of the sale, the senior vice president now owns 157,946 shares of the company’s stock, valued at $4,422,488. This trade represents a 5.95 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 16.80% of the company’s stock.

Analysts Set New Price Targets

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

Alliance Resource Partners Stock Performance

Shares of NASDAQ:ARLP opened at $25.68 on Friday. The company has a quick ratio of 1.69, a current ratio of 2.36 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $3.29 billion, a price-to-earnings ratio of 7.30 and a beta of 1.16. The firm has a 50 day moving average of $26.42 and a 200 day moving average of $24.99. Alliance Resource Partners, L.P. has a 52 week low of $18.32 and a 52 week 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 company had revenue of $613.57 million for the quarter, compared to analysts’ expectations of $646.17 million. During the same quarter last year, the company earned $1.18 earnings per share. On average, sell-side analysts predict that Alliance Resource Partners, L.P. will post 3.19 earnings per share for the current fiscal year.

Alliance Resource Partners Announces Dividend

The company 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. This represents a $2.80 dividend on an annualized basis and a dividend yield of 10.90%. The ex-dividend date of this dividend was Thursday, November 7th. Alliance Resource Partners’s dividend payout ratio is currently 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.