Alliance Resource Partners, L.P. (NASDAQ:ARLP) Holdings Increased by Jackson Hole Capital Partners LLC

Jackson Hole Capital Partners LLC raised its stake in Alliance Resource Partners, L.P. (NASDAQ:ARLP) by 1.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 about 10.5% of Jackson Hole Capital Partners LLC’s investment portfolio, making the stock its biggest position. Jackson Hole Capital Partners LLC’s holdings in Alliance Resource Partners were worth $41,287,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the stock. Recurrent Investment Advisors LLC increased its holdings in shares of Alliance Resource Partners by 4.9% in the 3rd quarter. Recurrent Investment Advisors LLC now owns 735,784 shares of the energy company’s stock worth $16,577,000 after buying an additional 34,500 shares during the last quarter. ING Groep NV grew its holdings in shares of Alliance Resource Partners by 8.0% during the 3rd quarter. ING Groep NV now owns 420,000 shares of the energy company’s stock valued at $9,463,000 after purchasing an additional 31,000 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Alliance Resource Partners by 23.2% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 348,187 shares of the energy company’s stock valued at $7,375,000 after purchasing an additional 65,611 shares during the last quarter. Adams Asset Advisors LLC grew its holdings in shares of Alliance Resource Partners by 17.6% during the 4th quarter. Adams Asset Advisors LLC now owns 307,383 shares of the energy company’s stock valued at $6,510,000 after purchasing an additional 45,957 shares during the last quarter. Finally, Crescent Grove Advisors LLC grew its holdings in shares of Alliance Resource Partners by 87.6% during the 4th quarter. Crescent Grove Advisors LLC now owns 169,498 shares of the energy company’s stock valued at $3,590,000 after purchasing an additional 79,155 shares during the last quarter. Institutional investors own 18.11% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Alliance Resource Partners Trading Up 1.5 %

Shares of ARLP stock traded up $0.32 on Thursday, hitting $21.50. 367,483 shares of the company’s stock traded hands, compared to its average volume of 439,321. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.71 and a current ratio of 2.27. Alliance Resource Partners, L.P. has a one year low of $17.05 and a one year high of $24.30. The company’s fifty day simple moving average is $20.04 and its 200 day simple moving average is $20.96. The stock has a market capitalization of $2.75 billion, a price-to-earnings ratio of 4.47 and a beta of 1.14.

Alliance Resource Partners (NASDAQ:ARLP) last announced its quarterly earnings results on Monday, January 29th. The energy company reported $0.88 earnings per share for the quarter, missing the consensus estimate of $1.14 by ($0.26). The firm had revenue of $625.42 million for the quarter, compared to analysts’ expectations of $672.54 million. Alliance Resource Partners had a net margin of 24.50% and a return on equity of 34.90%. During the same period in the previous year, the company earned $1.63 EPS. Equities analysts forecast that Alliance Resource Partners, L.P. will post 4.05 EPS for the current year.

Alliance Resource Partners Announces Dividend

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

About Alliance Resource Partners

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.