Cutter & CO Brokerage Inc. Lowers Holdings in Alliance Resource Partners, L.P. (NASDAQ:ARLP)

Cutter & CO Brokerage Inc. cut its position in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP) by 11.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,134 shares of the energy company’s stock after selling 2,666 shares during the period. Cutter & CO Brokerage Inc.’s holdings in Alliance Resource Partners were worth $426,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Barclays PLC boosted its stake in shares of Alliance Resource Partners by 407.1% during the second quarter. Barclays PLC now owns 5,497 shares of the energy company’s stock valued at $102,000 after purchasing an additional 4,413 shares in the last quarter. AE Wealth Management LLC increased its holdings in shares of Alliance Resource Partners by 33.7% in the 3rd quarter. AE Wealth Management LLC now owns 23,436 shares of the energy company’s stock valued at $528,000 after acquiring an additional 5,911 shares during the period. IFP Advisors Inc raised its position in shares of Alliance Resource Partners by 73.8% in the 3rd quarter. IFP Advisors Inc now owns 7,769 shares of the energy company’s stock worth $175,000 after acquiring an additional 3,300 shares in the last quarter. Global Retirement Partners LLC lifted its stake in shares of Alliance Resource Partners by 3,762.6% during the 3rd quarter. Global Retirement Partners LLC now owns 17,343 shares of the energy company’s stock worth $376,000 after purchasing an additional 16,894 shares during the last quarter. Finally, Founders Financial Securities LLC bought a new stake in Alliance Resource Partners during the third quarter valued at about $206,000. Institutional investors own 18.11% of the company’s stock.

Alliance Resource Partners Stock Down 0.1 %

ARLP traded down $0.02 during trading on Wednesday, hitting $21.17. The stock had a trading volume of 118,338 shares, compared to its average volume of 438,947. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.71 and a current ratio of 2.27. The company has a market capitalization of $2.71 billion, a PE ratio of 4.41 and a beta of 1.14. Alliance Resource Partners, L.P. has a twelve month low of $17.05 and a twelve month high of $24.30. The stock has a 50 day simple moving average of $19.97 and a two-hundred day simple moving average of $20.96.

Alliance Resource Partners (NASDAQ:ARLP) last released its quarterly earnings results on Monday, January 29th. The energy company reported $0.88 EPS for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.26). The business had revenue of $625.42 million during the quarter, compared to analysts’ expectations of $672.54 million. Alliance Resource Partners had a net margin of 24.50% and a return on equity of 34.90%. During the same quarter last year, the business posted $1.63 earnings per share. On average, research analysts predict that Alliance Resource Partners, L.P. will post 4.05 earnings per share for the current year.

Alliance Resource Partners Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 14th. Investors of record on Wednesday, February 7th were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 13.23%. The ex-dividend date of this dividend was Tuesday, February 6th. Alliance Resource Partners’s dividend payout ratio (DPR) is presently 58.21%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Alliance Resource Partners from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 6th.

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.