Alliance Resource Partners, L.P. (NASDAQ:ARLP) Shares Sold by Custom Index Systems LLC

Custom Index Systems LLC decreased its stake in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP) by 56.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 21,374 shares of the energy company’s stock after selling 28,134 shares during the quarter. Custom Index Systems LLC’s holdings in Alliance Resource Partners were worth $562,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. USA Financial Formulas purchased a new position in shares of Alliance Resource Partners during the 4th quarter worth $33,000. Eastern Bank acquired a new stake in Alliance Resource Partners during the third quarter worth about $72,000. Integrated Wealth Concepts LLC purchased a new position in Alliance Resource Partners during the third quarter worth about $206,000. Dakota Wealth Management acquired a new position in Alliance Resource Partners in the 3rd quarter valued at about $251,000. Finally, Moors & Cabot Inc. purchased a new stake in shares of Alliance Resource Partners in the 3rd quarter valued at approximately $304,000. Institutional investors and hedge funds own 18.11% of the company’s stock.

Alliance Resource Partners Price Performance

Shares of ARLP opened at $28.70 on Friday. The firm has a 50-day simple moving average of $27.01 and a two-hundred day simple moving average of $25.57. The stock has a market cap of $3.68 billion, a PE ratio of 8.15 and a beta of 1.17. Alliance Resource Partners, L.P. has a 1-year low of $18.32 and a 1-year high of $30.56. 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 Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, February 7th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $2.80 annualized dividend and a yield of 9.76%. Alliance Resource Partners’s dividend payout ratio (DPR) is presently 79.55%.

Insider Buying and Selling at Alliance Resource Partners

In other Alliance Resource Partners news, SVP Timothy J. Whelan sold 10,000 shares of Alliance Resource Partners stock in a transaction dated 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 transaction, the senior vice president now directly owns 157,946 shares of the company’s stock, valued at $4,422,488. The trade was a 5.95 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 16.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

ARLP has been the topic of several analyst reports. Singular Research lowered shares of 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 research report on Friday, November 15th. Finally, Benchmark upped their price target on Alliance Resource Partners from $26.00 to $27.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th.

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.