Alliance Resource Partners, L.P. (NASDAQ:ARLP) Shares Sold by Mcintyre Freedman & Flynn Investment Advisers Inc.

Mcintyre Freedman & Flynn Investment Advisers Inc. decreased its position in Alliance Resource Partners, L.P. (NASDAQ:ARLP) by 5.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 19,000 shares of the energy company’s stock after selling 1,000 shares during the period. Mcintyre Freedman & Flynn Investment Advisers Inc.’s holdings in Alliance Resource Partners were worth $500,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Progeny 3 Inc. lifted its position in 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 acquiring an additional 96,780 shares during the last quarter. Atlanta Consulting Group Advisors LLC acquired a new position in Alliance Resource Partners in the third quarter valued at approximately $29,144,000. Recurrent Investment Advisors LLC raised its holdings in Alliance Resource Partners by 6.2% in the third quarter. Recurrent Investment Advisors LLC now owns 1,145,145 shares of the energy company’s stock worth $28,629,000 after purchasing an additional 66,761 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Alliance Resource Partners during the fourth quarter worth $14,564,000. Finally, GraniteShares Advisors LLC bought a new position in Alliance Resource Partners in the fourth quarter valued at $2,493,000. Institutional investors and hedge funds own 18.11% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on ARLP. StockNews.com downgraded shares of Alliance Resource Partners from a “buy” rating to a “hold” rating in a report on Wednesday, February 5th. Singular Research lowered shares of Alliance Resource Partners from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, December 2nd. Finally, Benchmark reaffirmed a “buy” rating and set a $29.00 price target (up from $27.00) on shares of Alliance Resource Partners in a report on Tuesday, February 4th.

Alliance Resource Partners Stock Performance

ARLP opened at $24.80 on Tuesday. 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’s fifty day moving average price is $26.95 and its two-hundred day moving average price is $26.00. Alliance Resource Partners, L.P. has a 1-year low of $19.16 and a 1-year high of $30.56. The company has a market cap of $3.19 billion, a price-to-earnings ratio of 8.99 and a beta of 1.09.

Alliance Resource Partners (NASDAQ:ARLP) last announced 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 net margin of 14.74% and a return on equity of 19.09%. On average, analysts expect that Alliance Resource Partners, L.P. will post 2.72 EPS for the current fiscal year.

Alliance Resource Partners Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were given a dividend of $0.70 per share. The ex-dividend date was Friday, February 7th. This represents a $2.80 annualized dividend and a yield of 11.29%. Alliance Resource Partners’s payout ratio is currently 101.45%.

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.