Alliance Resource Partners, L.P. (NASDAQ:ARLP) Shares Purchased by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC grew its stake in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP) by 1.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 72,523 shares of the energy company’s stock after buying an additional 1,367 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Alliance Resource Partners were worth $1,907,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Progeny 3 Inc. lifted its holdings in shares of 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 purchasing an additional 96,780 shares during the last quarter. Atlanta Consulting Group Advisors LLC purchased a new stake in Alliance Resource Partners during the third quarter valued at about $29,144,000. Recurrent Investment Advisors LLC boosted its holdings in shares of Alliance Resource Partners by 6.2% in 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 increased its position in shares of Alliance Resource Partners by 15.5% in the third quarter. Crescent Grove Advisors LLC now owns 208,793 shares of the energy company’s stock worth $5,220,000 after acquiring an additional 28,016 shares in the last quarter. Finally, Optimist Retirement Group LLC raised its holdings in shares of Alliance Resource Partners by 1.8% during the third quarter. Optimist Retirement Group LLC now owns 93,462 shares of the energy company’s stock valued at $2,337,000 after acquiring an additional 1,691 shares during the period. 18.11% of the stock is owned by institutional investors.

Alliance Resource Partners Stock Up 1.2 %

Alliance Resource Partners stock opened at $29.24 on Monday. Alliance Resource Partners, L.P. has a twelve month low of $18.32 and a twelve month 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 firm has a market cap of $3.74 billion, a PE ratio of 8.31 and a beta of 1.17. The firm’s 50 day moving average price is $26.95 and its two-hundred day moving average price is $25.47.

Alliance Resource Partners (NASDAQ:ARLP) last posted its quarterly earnings results on Monday, October 28th. The energy company reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.16). The company had revenue of $613.57 million during the quarter, compared to analyst estimates of $646.17 million. Alliance Resource Partners had a return on equity of 23.74% and a net margin of 18.52%. During the same period last year, the company posted $1.18 earnings per share. On average, research analysts predict that Alliance Resource Partners, L.P. will post 3.19 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. StockNews.com cut shares of Alliance Resource Partners from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 15th. Singular Research downgraded Alliance Resource Partners from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, December 2nd. Finally, Benchmark increased their price objective on Alliance Resource Partners from $26.00 to $27.00 and gave the stock a “buy” rating in a research note on Tuesday, October 29th.

Insiders Place Their Bets

In related news, SVP Timothy J. Whelan sold 10,000 shares of the business’s stock in a transaction that occurred 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 owns 157,946 shares of the company’s stock, valued at approximately $4,422,488. The trade was a 5.95 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 16.80% of the company’s stock.

Alliance Resource Partners Company 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.