Jackson Thornton Wealth Management LLC acquired a new position in Alliance Resource Partners, L.P. (NASDAQ:ARLP - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 14,473 shares of the energy company's stock, valued at approximately $380,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Raymond James Financial Inc. purchased a new position in Alliance Resource Partners in the fourth quarter worth about $14,564,000. Progeny 3 Inc. lifted its holdings in shares of Alliance Resource Partners by 3.4% in the 3rd quarter. Progeny 3 Inc. now owns 2,904,181 shares of the energy company's stock worth $72,605,000 after acquiring an additional 96,780 shares during the last quarter. GraniteShares Advisors LLC bought a new stake in shares of Alliance Resource Partners in the 4th quarter worth about $2,493,000. Recurrent Investment Advisors LLC boosted its stake 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 worth $28,629,000 after purchasing an additional 66,761 shares during the period. Finally, Horizon Kinetics Asset Management LLC bought a new position in Alliance Resource Partners during the 4th quarter valued at about $1,440,000. 18.11% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several research analysts have issued reports on the company. Singular Research lowered Alliance Resource Partners from a "strong-buy" rating to a "moderate buy" rating in a research report on Monday, December 2nd. StockNews.com cut Alliance Resource Partners from a "buy" rating to a "hold" rating in a report on Wednesday, February 5th. Finally, Benchmark reaffirmed a "buy" rating and issued a $29.00 price objective (up previously from $27.00) on shares of Alliance Resource Partners in a research report on Tuesday, February 4th.
View Our Latest Report on Alliance Resource Partners
Insiders Place Their Bets
In other news, SVP Timothy J. Whelan sold 50,000 shares of the business's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $25.13, for a total value of $1,256,500.00. Following the completion of the sale, the senior vice president now owns 93,850 shares in the company, valued at approximately $2,358,450.50. The trade was a 34.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 16.80% of the company's stock.
Alliance Resource Partners Trading Up 0.2 %
ARLP traded up $0.06 on Friday, reaching $26.66. 214,022 shares of the company traded hands, compared to its average volume of 347,074. The company has a market cap of $3.42 billion, a P/E ratio of 9.66 and a beta of 1.09. The company has a quick ratio of 1.69, a current ratio of 2.36 and a debt-to-equity ratio of 0.24. Alliance Resource Partners, L.P. has a one year low of $20.05 and a one year high of $30.56. The firm has a fifty day simple moving average of $26.65 and a two-hundred day simple moving average of $26.19.
Alliance Resource Partners (NASDAQ:ARLP - Get Free Report) last issued its earnings results on Monday, February 3rd. The energy company reported $0.22 EPS for the quarter, missing analysts' consensus estimates of $0.60 by ($0.38). Alliance Resource Partners had a return on equity of 19.09% and a net margin of 14.74%. As a group, equities research analysts expect that Alliance Resource Partners, L.P. will post 2.72 earnings per share for the current year.
Alliance Resource Partners Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 10.50%. The ex-dividend date was Friday, February 7th. Alliance Resource Partners's dividend payout ratio is 101.45%.
About Alliance Resource Partners
(
Free Report)
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.
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