Callahan Advisors LLC Makes New Investment in Alliance Resource Partners, L.P. (NASDAQ:ARLP)

Callahan Advisors LLC acquired a new stake in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 14,000 shares of the energy company’s stock, valued at approximately $368,000.

Several other institutional investors have also modified their holdings of ARLP. Eastern Bank acquired a new stake in Alliance Resource Partners during the 3rd quarter worth approximately $72,000. International Assets Investment Management LLC acquired a new stake in shares of Alliance Resource Partners in the 3rd quarter valued at about $7,500,000. Dakota Wealth Management bought a new stake in shares of Alliance Resource Partners in the third quarter valued at about $251,000. Pathway Financial Advisers LLC boosted 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 buying an additional 64,968 shares during the period. Finally, J.W. Cole Advisors Inc. lifted its stake in Alliance Resource Partners by 3.8% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 21,746 shares of the energy company’s stock valued at $544,000 after acquiring an additional 797 shares in the last quarter. Institutional investors own 18.11% of the company’s stock.

Alliance Resource Partners Stock Up 0.1 %

Shares of ARLP stock opened at $26.79 on Wednesday. Alliance Resource Partners, L.P. has a 52-week low of $18.32 and a 52-week high of $30.56. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 2.36. The stock has a market cap of $3.43 billion, a price-to-earnings ratio of 9.71 and a beta of 1.16. The firm’s 50-day moving average is $26.92 and its 200-day moving average is $25.74.

Alliance Resource Partners (NASDAQ:ARLP) last released its quarterly earnings data on Monday, February 3rd. The energy company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.38). Alliance Resource Partners had a net margin of 14.74% and a return on equity of 19.09%. Sell-side analysts predict that Alliance Resource Partners, L.P. will post 2.72 EPS for the current year.

Alliance Resource Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $2.80 annualized dividend and a dividend yield of 10.45%. Alliance Resource Partners’s dividend payout ratio is currently 101.45%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on ARLP. 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. Benchmark reiterated a “buy” rating and set a $29.00 target price (up previously from $27.00) on shares of Alliance Resource Partners in a report on Tuesday, February 4th. Finally, StockNews.com cut Alliance Resource Partners from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th.

Insider Transactions at Alliance Resource Partners

In other Alliance Resource Partners news, SVP Timothy J. Whelan sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were 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 in the company, valued at $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 is available at this hyperlink. 16.80% of the stock is currently owned by corporate insiders.

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.