Optimist Retirement Group LLC Has $2.38 Million Stock Position in Alliance Resource Partners, L.P. (NASDAQ:ARLP)

Optimist Retirement Group LLC lessened its stake in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP) by 3.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 90,404 shares of the energy company’s stock after selling 3,058 shares during the quarter. Alliance Resource Partners comprises 1.1% of Optimist Retirement Group LLC’s investment portfolio, making the stock its 19th biggest holding. Optimist Retirement Group LLC owned about 0.07% of Alliance Resource Partners worth $2,377,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently made changes to their positions in ARLP. BNP Paribas Financial Markets boosted its holdings in Alliance Resource Partners by 48.4% in the third quarter. BNP Paribas Financial Markets now owns 22,446 shares of the energy company’s stock worth $561,000 after acquiring an additional 7,321 shares in the last quarter. Pathway Financial Advisers LLC raised its position in shares of Alliance Resource Partners by 2,400.0% during the third quarter. Pathway Financial Advisers LLC now owns 67,675 shares of the energy company’s stock worth $1,692,000 after purchasing an additional 64,968 shares during the period. Atlanta Consulting Group Advisors LLC bought a new position in shares of Alliance Resource Partners in the 3rd quarter worth $29,144,000. International Assets Investment Management LLC bought a new position in shares of Alliance Resource Partners in the 3rd quarter worth $7,500,000. Finally, Crescent Grove Advisors LLC grew its position in Alliance Resource Partners by 15.5% in the 3rd quarter. Crescent Grove Advisors LLC now owns 208,793 shares of the energy company’s stock valued at $5,220,000 after purchasing an additional 28,016 shares during the period. 18.11% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ARLP has been the topic of several research reports. 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 report on Tuesday. 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, StockNews.com downgraded Alliance Resource Partners from a “buy” rating to a “hold” rating in a research note on Wednesday.

Insider Transactions at Alliance Resource Partners

In related news, SVP Timothy J. Whelan sold 10,000 shares of Alliance Resource Partners 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. This trade represents a 5.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 16.80% of the company’s stock.

Alliance Resource Partners Trading Up 0.6 %

NASDAQ ARLP opened at $28.14 on Thursday. 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 business has a fifty day simple moving average of $26.99 and a 200 day simple moving average of $25.63. Alliance Resource Partners, L.P. has a 12 month low of $18.32 and a 12 month high of $30.56. The firm has a market capitalization of $3.60 billion, a P/E ratio of 7.99 and a beta of 1.16.

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 18.52% and a return on equity of 23.74%. On average, analysts predict that Alliance Resource Partners, L.P. will post 3.19 EPS for the current fiscal year.

Alliance Resource Partners Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, February 7th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $2.80 annualized dividend and a dividend yield of 9.95%. Alliance Resource Partners’s dividend payout ratio is currently 79.55%.

Alliance Resource Partners 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.