Mcintyre Freedman & Flynn Investment Advisers Inc. Sells 1,000 Shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP)

Mcintyre Freedman & Flynn Investment Advisers Inc. lessened its holdings in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP) by 5.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 19,000 shares of the energy company’s stock after selling 1,000 shares during the period. Mcintyre Freedman & Flynn Investment Advisers Inc.’s holdings in Alliance Resource Partners were worth $500,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC bought a new position in Alliance Resource Partners during the fourth quarter worth about $26,000. USA Financial Formulas bought a new position in Alliance Resource Partners during the fourth quarter worth about $33,000. Bogart Wealth LLC bought a new position in Alliance Resource Partners during the fourth quarter worth about $127,000. MONECO Advisors LLC bought a new position in Alliance Resource Partners during the fourth quarter worth about $201,000. Finally, Meridian Wealth Management LLC purchased a new stake in shares of Alliance Resource Partners in the fourth quarter worth about $202,000. Institutional investors own 18.11% of the company’s stock.

Alliance Resource Partners Price Performance

ARLP opened at $24.80 on Tuesday. The stock has a 50-day moving average price of $26.95 and a 200-day moving average price of $26.00. 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 firm has a market cap of $3.19 billion, a PE ratio of 8.99 and a beta of 1.09. Alliance Resource Partners, L.P. has a 1 year low of $19.16 and a 1 year high of $30.56.

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

Alliance Resource Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 11.29%. The ex-dividend date was Friday, February 7th. Alliance Resource Partners’s dividend payout ratio (DPR) is currently 101.45%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on ARLP shares. StockNews.com downgraded shares of Alliance Resource Partners from a “buy” rating to a “hold” rating in a report on Wednesday, February 5th. Benchmark reissued a “buy” rating and set a $29.00 price target (up from $27.00) on shares of Alliance Resource Partners in a research note on Tuesday, February 4th. Finally, Singular Research cut shares of Alliance Resource Partners from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, December 2nd.

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.