Cobblestone Capital Advisors LLC NY Buys Shares of 10,770 Alliance Resource Partners, L.P. (NASDAQ:ARLP)

Cobblestone Capital Advisors LLC NY 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 Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 10,770 shares of the energy company’s stock, valued at approximately $283,000.

Several other institutional investors and hedge funds have also modified their holdings of the company. Progeny 3 Inc. lifted its stake in shares of Alliance Resource Partners by 3.4% during the 3rd quarter. Progeny 3 Inc. now owns 2,904,181 shares of the energy company’s stock worth $72,605,000 after purchasing an additional 96,780 shares during the period. Atlanta Consulting Group Advisors LLC purchased a new position in Alliance Resource Partners during the third quarter worth about $29,144,000. Recurrent Investment Advisors LLC lifted its position in Alliance Resource Partners by 6.2% during the third quarter. Recurrent Investment Advisors LLC now owns 1,145,145 shares of the energy company’s stock worth $28,629,000 after buying an additional 66,761 shares during the period. Crescent Grove Advisors LLC lifted its position in Alliance Resource Partners by 15.5% during the third quarter. Crescent Grove Advisors LLC now owns 208,793 shares of the energy company’s stock worth $5,220,000 after buying an additional 28,016 shares during the period. Finally, GraniteShares Advisors LLC purchased a new position in Alliance Resource Partners during the fourth quarter worth about $2,493,000. Hedge funds and other institutional investors own 18.11% of the company’s stock.

Alliance Resource Partners Stock Performance

Alliance Resource Partners stock opened at $26.26 on Friday. The company has a market cap of $3.36 billion, a price-to-earnings ratio of 9.51 and a beta of 1.16. Alliance Resource Partners, L.P. has a 12 month low of $18.32 and a 12 month high of $30.56. 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 stock’s 50-day moving average is $27.03 and its 200-day moving average is $25.93.

Alliance Resource Partners (NASDAQ:ARLP) last posted its quarterly 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 14.74% and a return on equity of 19.09%. Equities analysts anticipate that Alliance Resource Partners, L.P. will post 2.72 earnings per share for the current year.

Alliance Resource Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were issued 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 10.66%. Alliance Resource Partners’s payout ratio is 101.45%.

Insider Buying and Selling

In related news, SVP Timothy J. Whelan sold 10,000 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $28.00, for a total value 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 approximately $4,422,488. This represents a 5.95 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 16.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

ARLP has been the topic of several recent analyst reports. StockNews.com lowered shares of Alliance Resource Partners from a “buy” rating to a “hold” rating in a report on Wednesday, February 5th. Singular Research downgraded shares of Alliance Resource Partners from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, December 2nd. Finally, Benchmark reaffirmed a “buy” rating and set a $29.00 price target (up previously from $27.00) on shares of Alliance Resource Partners in a research note on Tuesday, February 4th.

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.