Alliance Resource Partners, L.P. (NASDAQ:ARLP) Shares Sold by Stifel Financial Corp

Stifel Financial Corp reduced its position in Alliance Resource Partners, L.P. (NASDAQ:ARLP) by 4.3% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 125,695 shares of the energy company’s stock after selling 5,642 shares during the quarter. Stifel Financial Corp’s holdings in Alliance Resource Partners were worth $3,142,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of ARLP. Beacon Capital Management LLC raised its stake in shares of Alliance Resource Partners by 135.8% during the 2nd quarter. Beacon Capital Management LLC now owns 1,462 shares of the energy company’s stock worth $36,000 after buying an additional 842 shares in the last quarter. Eastern Bank acquired a new position in Alliance Resource Partners during the third quarter worth $72,000. SG Americas Securities LLC purchased a new position in Alliance Resource Partners in the second quarter worth $171,000. Integrated Wealth Concepts LLC acquired a new stake in Alliance Resource Partners in the third quarter valued at $206,000. Finally, Legacy Financial Group Inc. purchased a new stake in shares of Alliance Resource Partners during the 2nd quarter worth $226,000. Hedge funds and other institutional investors own 18.11% of the company’s stock.

Insiders Place Their Bets

In other Alliance Resource Partners news, SVP Timothy J. Whelan sold 10,000 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were 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 of the company’s stock, valued at $4,422,488. This trade represents a 5.95 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 16.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

ARLP has been the subject of several recent analyst reports. Benchmark raised their price objective on shares of Alliance Resource Partners from $26.00 to $27.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. StockNews.com downgraded shares of Alliance Resource Partners from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 15th. Finally, Singular Research lowered Alliance Resource Partners from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, December 2nd.

Alliance Resource Partners Trading Up 0.5 %

NASDAQ:ARLP opened at $26.04 on Wednesday. Alliance Resource Partners, L.P. has a 52-week low of $18.32 and a 52-week high of $29.44. The company has a quick ratio of 1.69, a current ratio of 2.36 and a debt-to-equity ratio of 0.24. The stock has a fifty day simple moving average of $26.39 and a 200-day simple moving average of $24.98. The company has a market capitalization of $3.33 billion, a PE ratio of 7.40 and a beta of 1.16.

Alliance Resource Partners (NASDAQ:ARLP) last posted 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 business had revenue of $613.57 million for the quarter, compared to analysts’ expectations 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 quarter last year, the business posted $1.18 earnings per share. On average, equities research analysts expect that Alliance Resource Partners, L.P. will post 3.19 earnings per share for the current fiscal year.

Alliance Resource Partners Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Thursday, November 7th were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 10.75%. The ex-dividend date was Thursday, November 7th. Alliance Resource Partners’s 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.