Custom Index Systems LLC Lowers Holdings in Alliance Resource Partners, L.P. (NASDAQ:ARLP)

Custom Index Systems LLC lowered its stake in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP) by 56.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 21,374 shares of the energy company’s stock after selling 28,134 shares during the period. Custom Index Systems LLC’s holdings in Alliance Resource Partners were worth $562,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Progeny 3 Inc. raised its position in Alliance Resource Partners by 3.4% during the third quarter. Progeny 3 Inc. now owns 2,904,181 shares of the energy company’s stock valued at $72,605,000 after acquiring an additional 96,780 shares in the last quarter. Atlanta Consulting Group Advisors LLC acquired a new stake in shares of Alliance Resource Partners during the 3rd quarter worth approximately $29,144,000. Recurrent Investment Advisors LLC increased its holdings in shares of Alliance Resource Partners by 6.2% during the 3rd quarter. Recurrent Investment Advisors LLC now owns 1,145,145 shares of the energy company’s stock valued at $28,629,000 after purchasing an additional 66,761 shares in the last quarter. Crescent Grove Advisors LLC lifted its stake in shares of Alliance Resource Partners by 15.5% in the 3rd quarter. Crescent Grove Advisors LLC now owns 208,793 shares of the energy company’s stock valued at $5,220,000 after purchasing an additional 28,016 shares during the period. Finally, Optimist Retirement Group LLC lifted its stake in shares of Alliance Resource Partners by 1.8% in the 3rd quarter. Optimist Retirement Group LLC now owns 93,462 shares of the energy company’s stock valued at $2,337,000 after purchasing an additional 1,691 shares during the period. Hedge funds and other institutional investors own 18.11% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Alliance Resource Partners Price Performance

Shares of NASDAQ ARLP opened at $28.70 on Friday. 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 firm has a fifty day moving average of $27.01 and a 200 day moving average of $25.57. The firm has a market cap of $3.68 billion, a PE ratio of 8.15 and a beta of 1.17. Alliance Resource Partners, L.P. has a one year low of $18.32 and a one year high of $30.56.

Alliance Resource Partners Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, February 7th will be paid a dividend of $0.70 per share. The ex-dividend date is Friday, February 7th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 9.76%. Alliance Resource Partners’s dividend payout ratio is currently 79.55%.

Insider Buying and Selling

In other Alliance Resource Partners news, SVP Timothy J. Whelan sold 10,000 shares of the firm’s 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 transaction, the senior vice president now owns 157,946 shares in the company, valued at approximately $4,422,488. This trade represents a 5.95 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 16.80% of the company’s stock.

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.