Integrated Wealth Concepts LLC Makes New $206,000 Investment in Alliance Resource Partners, L.P. (NASDAQ:ARLP)

Integrated Wealth Concepts LLC acquired a new stake in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 8,225 shares of the energy company’s stock, valued at approximately $206,000.

Several other hedge funds have also recently modified their holdings of ARLP. SG Americas Securities LLC purchased a new position in Alliance Resource Partners during the second quarter valued at $171,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Alliance Resource Partners in the second quarter worth about $361,000. MONECO Advisors LLC bought a new stake in shares of Alliance Resource Partners in the second quarter worth about $230,000. Continuum Advisory LLC purchased a new stake in shares of Alliance Resource Partners in the second quarter worth about $27,000. Finally, Crescent Grove Advisors LLC boosted its stake in Alliance Resource Partners by 3.2% during the second quarter. Crescent Grove Advisors LLC now owns 180,777 shares of the energy company’s stock valued at $4,422,000 after buying an additional 5,527 shares during the last quarter. Hedge funds and other institutional investors own 18.11% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on ARLP shares. StockNews.com downgraded Alliance Resource Partners from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 15th. Benchmark boosted their price target on shares of Alliance Resource Partners from $26.00 to $27.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. Finally, 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.

Alliance Resource Partners Trading Up 1.7 %

Shares of NASDAQ ARLP opened at $26.66 on Friday. Alliance Resource Partners, L.P. has a 1-year low of $18.32 and a 1-year high of $29.44. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.36 and a quick ratio of 1.69. The business’s 50 day moving average is $26.36 and its two-hundred day moving average is $24.94. The stock has a market capitalization of $3.41 billion, a P/E ratio of 7.57 and a beta of 1.16.

Alliance Resource Partners (NASDAQ:ARLP) last released its earnings results on Monday, October 28th. The energy company reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.16). The company had revenue of $613.57 million for the quarter, compared to the consensus estimate of $646.17 million. Alliance Resource Partners had a net margin of 18.52% and a return on equity of 23.74%. During the same period in the prior year, the firm posted $1.18 EPS. As a group, research analysts expect that Alliance Resource Partners, L.P. will post 3.19 EPS for the current year.

Alliance Resource Partners Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Thursday, November 7th were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 10.50%. The ex-dividend date of this dividend was Thursday, November 7th. Alliance Resource Partners’s dividend payout ratio is presently 79.55%.

Insider Activity 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 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 completion of the sale, 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 16.80% of the stock is owned by company insiders.

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.