Jackson Hole Capital Partners LLC Buys 21,478 Shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP)

Jackson Hole Capital Partners LLC lifted its position in Alliance Resource Partners, L.P. (NASDAQ:ARLP) by 1.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,949,324 shares of the energy company’s stock after buying an additional 21,478 shares during the period. Alliance Resource Partners comprises 10.5% of Jackson Hole Capital Partners LLC’s holdings, making the stock its largest position. Jackson Hole Capital Partners LLC owned 1.53% of Alliance Resource Partners worth $41,287,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Commonwealth Equity Services LLC increased its position in shares of Alliance Resource Partners by 2.6% in the 3rd quarter. Commonwealth Equity Services LLC now owns 39,564 shares of the energy company’s stock valued at $891,000 after buying an additional 1,004 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in Alliance Resource Partners by 12.0% during the 3rd quarter. Janney Montgomery Scott LLC now owns 16,203 shares of the energy company’s stock worth $365,000 after purchasing an additional 1,736 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in Alliance Resource Partners by 18.9% during the 3rd quarter. PNC Financial Services Group Inc. now owns 20,455 shares of the energy company’s stock worth $461,000 after purchasing an additional 3,255 shares in the last quarter. IFP Advisors Inc increased its holdings in Alliance Resource Partners by 73.8% during the 3rd quarter. IFP Advisors Inc now owns 7,769 shares of the energy company’s stock worth $175,000 after purchasing an additional 3,300 shares in the last quarter. Finally, Counterpoint Mutual Funds LLC bought a new position in Alliance Resource Partners during the 3rd quarter worth about $98,000. Institutional investors own 18.11% of the company’s stock.

Alliance Resource Partners Stock Up 1.5 %

ARLP stock traded up $0.32 during trading hours on Thursday, reaching $21.50. 367,483 shares of the stock were exchanged, compared to its average volume of 439,321. The firm’s 50-day moving average is $20.04 and its 200-day moving average is $20.96. The company has a market cap of $2.75 billion, a price-to-earnings ratio of 4.47 and a beta of 1.14. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.27 and a quick ratio of 1.71. Alliance Resource Partners, L.P. has a 12 month low of $17.05 and a 12 month high of $24.30.

Alliance Resource Partners (NASDAQ:ARLP) last posted its quarterly earnings data on Monday, January 29th. The energy company reported $0.88 EPS for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.26). Alliance Resource Partners had a return on equity of 34.90% and a net margin of 24.50%. The business had revenue of $625.42 million for the quarter, compared to analyst estimates of $672.54 million. During the same quarter in the prior year, the company earned $1.63 earnings per share. On average, equities research analysts expect that Alliance Resource Partners, L.P. will post 4.05 earnings per share for the current year.

Alliance Resource Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 14th. Stockholders of record on Wednesday, February 7th were paid a dividend of $0.70 per share. The ex-dividend date was Tuesday, February 6th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 13.02%. Alliance Resource Partners’s dividend payout ratio is 58.21%.

Analysts Set New Price Targets

Separately, StockNews.com cut Alliance Resource Partners from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 6th.

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.