JPMorgan Chase & Co. Purchases 44,636 Shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP)

JPMorgan Chase & Co. grew its position in Alliance Resource Partners, L.P. (NASDAQ:ARLP - Free Report) by 2.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,815,453 shares of the energy company's stock after purchasing an additional 44,636 shares during the period. JPMorgan Chase & Co. owned approximately 1.42% of Alliance Resource Partners worth $47,728,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Raymond James Financial Inc. bought a new stake in shares of Alliance Resource Partners in the fourth quarter valued at about $14,564,000. GraniteShares Advisors LLC acquired a new position in Alliance Resource Partners during the fourth quarter worth approximately $2,493,000. Optimist Retirement Group LLC increased its position in 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 worth $2,337,000 after buying an additional 1,691 shares during the last quarter. Commonwealth Equity Services LLC increased its position in Alliance Resource Partners by 13.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 80,841 shares of the energy company's stock worth $2,125,000 after buying an additional 9,451 shares during the last quarter. Finally, Exchange Traded Concepts LLC increased its position in Alliance Resource Partners by 1.9% during the fourth quarter. Exchange Traded Concepts LLC now owns 72,523 shares of the energy company's stock worth $1,907,000 after buying an additional 1,367 shares during the last quarter. 18.11% of the stock is currently owned by institutional investors.

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Wall Street Analyst Weigh In

Several research firms have recently commented on ARLP. Benchmark reaffirmed a "buy" rating and issued a $29.00 target price (up previously from $27.00) on shares of Alliance Resource Partners in a research report on Tuesday, February 4th. StockNews.com downgraded Alliance Resource Partners from a "buy" rating to a "hold" rating in a research report on Wednesday, February 5th.

Alliance Resource Partners Price Performance

NASDAQ ARLP traded up $0.64 on Thursday, hitting $27.18. 159,132 shares of the company's stock were exchanged, compared to its average volume of 438,382. The stock has a 50-day moving average of $26.24 and a 200-day moving average of $26.37. The company has a current ratio of 2.36, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. Alliance Resource Partners, L.P. has a 52 week low of $20.59 and a 52 week high of $30.56. The stock has a market cap of $3.49 billion, a price-to-earnings ratio of 9.85 and a beta of 0.62.

Alliance Resource Partners (NASDAQ:ARLP - Get Free Report) last announced its quarterly earnings results 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 return on equity of 19.09% and a net margin of 14.74%. 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 firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were issued a dividend of $0.70 per share. The ex-dividend date was Friday, February 7th. This represents a $2.80 dividend on an annualized basis and a yield of 10.30%. Alliance Resource Partners's payout ratio is currently 101.45%.

Insiders Place Their Bets

In other Alliance Resource Partners news, SVP Timothy J. Whelan sold 50,000 shares of the stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $25.13, for a total transaction of $1,256,500.00. Following the completion of the sale, the senior vice president now directly owns 93,850 shares in the company, valued at approximately $2,358,450.50. This trade represents a 34.76 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company 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.