Jackson Hole Capital Partners LLC lifted its position in Alliance Resource Partners, L.P. (NASDAQ:ARLP – Free Report) 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 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.
Check Out Our Latest Analysis on Alliance Resource Partners
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.
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