BCS Wealth Management Sells 25,581 Shares of Alliance Resource Partners, L.P. $ARLP

BCS Wealth Management trimmed its position in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP) by 49.0% during the first quarter, HoldingsChannel.com reports. The firm owned 26,639 shares of the energy company’s stock after selling 25,581 shares during the period. BCS Wealth Management’s holdings in Alliance Resource Partners were worth $737,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. IFC & Insurance Marketing Inc. acquired a new position in shares of Alliance Resource Partners in the fourth quarter valued at approximately $35,000. Smartleaf Asset Management LLC acquired a new stake in Alliance Resource Partners during the 4th quarter worth approximately $35,000. Sound Income Strategies LLC bought a new stake in Alliance Resource Partners during the 4th quarter worth approximately $36,000. Northwestern Mutual Wealth Management Co. grew its holdings in Alliance Resource Partners by 135.0% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 1,523 shares of the energy company’s stock worth $39,000 after acquiring an additional 875 shares during the last quarter. Finally, Triumph Capital Management acquired a new position in Alliance Resource Partners in the 3rd quarter valued at approximately $46,000. 18.11% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on ARLP. Weiss Ratings downgraded shares of Alliance Resource Partners from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 18th. Zacks Research raised Alliance Resource Partners from a “strong sell” rating to a “hold” rating in a research report on Friday, April 24th. Finally, Wall Street Zen downgraded Alliance Resource Partners from a “buy” rating to a “hold” rating in a report on Saturday, April 4th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $30.00.

Alliance Resource Partners Stock Performance

Shares of Alliance Resource Partners stock opened at $24.55 on Wednesday. The company has a current ratio of 1.46, a quick ratio of 0.95 and a debt-to-equity ratio of 0.24. The business has a 50-day moving average price of $25.18 and a two-hundred day moving average price of $25.38. Alliance Resource Partners, L.P. has a 1-year low of $22.20 and a 1-year high of $29.45. The company has a market cap of $3.16 billion, a P/E ratio of 12.92 and a beta of 0.23.

Alliance Resource Partners (NASDAQ:ARLP) last posted its quarterly earnings data on Monday, April 27th. The energy company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.28). The business had revenue of $516.02 million during the quarter, compared to the consensus estimate of $518.24 million. Alliance Resource Partners had a return on equity of 16.87% and a net margin of 11.35%. As a group, analysts anticipate that Alliance Resource Partners, L.P. will post 2.52 EPS for the current year.

Alliance Resource Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 8th were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 9.8%. The ex-dividend date was Friday, May 8th. Alliance Resource Partners’s payout ratio is presently 126.32%.

Alliance Resource Partners Company Profile

Alliance Resource Partners, L.P. (NASDAQ: ARLP) is a Tulsa, Oklahoma–based master limited partnership engaged in the production, marketing and transportation of bituminous coal. Through its subsidiaries, the company develops, owns and operates surface and underground coal mines, providing fuel primarily for electric power generation and various industrial applications. Alliance’s integrated business model covers the extraction of raw coal, processing at preparation plants and delivery to domestic and export customers.

The partnership operates multiple mining complexes across Illinois, Indiana, Kentucky and West Virginia.