Jackson Thornton Wealth Management LLC purchased a new position in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 14,473 shares of the energy company's stock, valued at approximately $380,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC purchased a new position in shares of Alliance Resource Partners during the 4th quarter worth approximately $26,000. USA Financial Formulas acquired a new position in Alliance Resource Partners during the fourth quarter worth $33,000. Bogart Wealth LLC acquired a new position in shares of Alliance Resource Partners during the 4th quarter worth $127,000. MONECO Advisors LLC purchased a new position in Alliance Resource Partners in the fourth quarter valued at about $201,000. Finally, Meridian Wealth Management LLC acquired a new stake in shares of Alliance Resource Partners during the 4th quarter valued at approximately $202,000. Institutional investors and hedge funds own 18.11% of the company's stock.
Alliance Resource Partners Price Performance
ARLP stock traded up $0.01 on Tuesday, reaching $26.56. The company had a trading volume of 119,847 shares, compared to its average volume of 343,763. 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 company's fifty day moving average is $26.73 and its 200 day moving average is $26.15. The company has a market cap of $3.41 billion, a P/E ratio of 9.62 and a beta of 1.09. Alliance Resource Partners, L.P. has a 1 year low of $19.81 and a 1 year high of $30.56.
Alliance Resource Partners (NASDAQ:ARLP - Get Free Report) last issued its quarterly earnings data on Monday, February 3rd. The energy company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.38). Alliance Resource Partners had a net margin of 14.74% and a return on equity of 19.09%. On average, research analysts forecast 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 declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were issued a dividend of $0.70 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 10.54%. Alliance Resource Partners's dividend payout ratio (DPR) is presently 101.45%.
Insider Activity
In related news, SVP Timothy J. Whelan sold 50,000 shares of the company's stock in a transaction on Friday, March 14th. The stock was sold at an average price of $25.13, for a total value of $1,256,500.00. Following the completion of the transaction, the senior vice president now directly owns 93,850 shares in the company, valued at approximately $2,358,450.50. This represents a 34.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 16.80% of the company's stock.
Wall Street Analyst Weigh In
ARLP has been the topic of a number of research reports. StockNews.com cut Alliance Resource Partners from a "buy" rating to a "hold" rating in a report on Wednesday, February 5th. Benchmark reaffirmed a "buy" rating and set a $29.00 price target (up previously 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 research note on Monday, December 2nd.
View Our Latest Report on Alliance Resource Partners
Alliance Resource Partners Company Profile
(
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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