Cobblestone Capital Advisors LLC NY Purchases New Shares in Alliance Resource Partners, L.P. (NASDAQ:ARLP)

Cobblestone Capital Advisors LLC NY purchased a new stake in Alliance Resource Partners, L.P. (NASDAQ:ARLP) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 10,770 shares of the energy company’s stock, valued at approximately $283,000.

A number of other institutional investors and hedge funds have also made changes to their positions in ARLP. USA Financial Formulas purchased a new stake in shares of Alliance Resource Partners in the fourth quarter valued at about $33,000. Bogart Wealth LLC purchased a new stake in Alliance Resource Partners during the 4th quarter valued at approximately $127,000. MONECO Advisors LLC purchased a new stake in shares of Alliance Resource Partners during the fourth quarter worth approximately $201,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Alliance Resource Partners during the third quarter worth approximately $206,000. Finally, DAVENPORT & Co LLC purchased a new stake in shares of Alliance Resource Partners during the fourth quarter worth approximately $285,000. 18.11% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Alliance Resource Partners

In other Alliance Resource Partners news, SVP Timothy J. Whelan sold 10,000 shares of the business’s stock in a transaction 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 sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 16.80% of the company’s stock.

Alliance Resource Partners Stock Down 2.1 %

Alliance Resource Partners stock opened at $26.26 on Friday. The company has a market cap of $3.36 billion, a PE ratio of 9.51 and a beta of 1.16. Alliance Resource Partners, L.P. has a 1-year low of $18.32 and a 1-year high of $30.56. The stock’s 50 day moving average price is $27.03 and its 200 day moving average price is $25.93. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.36 and a quick ratio of 1.69.

Alliance Resource Partners (NASDAQ:ARLP) last issued its 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, sell-side analysts predict that Alliance Resource Partners, L.P. will post 2.72 EPS for the current fiscal year.

Alliance Resource Partners Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 10.66%. The ex-dividend date was Friday, February 7th. Alliance Resource Partners’s dividend payout ratio (DPR) is 101.45%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Benchmark restated 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. Singular Research downgraded shares of Alliance Resource Partners from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, December 2nd. Finally, StockNews.com lowered Alliance Resource Partners from a “buy” rating to a “hold” rating in a report on Wednesday, February 5th.

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.