Jackson Hole Capital Partners LLC Has $57.25 Million Position in Alliance Resource Partners, L.P. (NASDAQ:ARLP)

Jackson Hole Capital Partners LLC raised its position in Alliance Resource Partners, L.P. (NASDAQ:ARLP - Free Report) by 7.3% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,098,619 shares of the energy company's stock after acquiring an additional 142,071 shares during the quarter. Alliance Resource Partners makes up 11.4% of Jackson Hole Capital Partners LLC's portfolio, making the stock its biggest holding. Jackson Hole Capital Partners LLC owned 1.63% of Alliance Resource Partners worth $57,250,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Farther Finance Advisors LLC raised its stake in shares of Alliance Resource Partners by 321.3% in the first quarter. Farther Finance Advisors LLC now owns 969 shares of the energy company's stock worth $26,000 after buying an additional 739 shares during the period. Summit Securities Group LLC raised its stake in shares of Alliance Resource Partners by 350.0% in the fourth quarter. Summit Securities Group LLC now owns 1,800 shares of the energy company's stock worth $47,000 after buying an additional 1,400 shares during the period. Tower Research Capital LLC TRC grew its position in shares of Alliance Resource Partners by 223.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,406 shares of the energy company's stock worth $90,000 after purchasing an additional 2,353 shares in the last quarter. First United Bank & Trust purchased a new stake in shares of Alliance Resource Partners during the first quarter worth about $94,000. Finally, State of Wyoming purchased a new stake in shares of Alliance Resource Partners during the fourth quarter worth about $105,000. Institutional investors own 18.11% of the company's stock.

Analyst Ratings Changes

Several research firms recently issued reports on ARLP. Benchmark reiterated a "buy" rating and set a $29.00 target price on shares of Alliance Resource Partners in a research report on Tuesday, April 29th. Wall Street Zen upgraded Alliance Resource Partners from a "hold" rating to a "buy" rating in a research report on Sunday, May 4th.

Alliance Resource Partners Price Performance

NASDAQ ARLP traded up $0.01 during trading on Friday, hitting $27.98. 197,588 shares of the stock traded hands, compared to its average volume of 200,379. The company has a market capitalization of $3.59 billion, a P/E ratio of 13.20 and a beta of 0.54. The firm has a 50-day simple moving average of $26.38 and a 200-day simple moving average of $26.56. The company has a quick ratio of 1.37, a current ratio of 1.93 and a debt-to-equity ratio of 0.24. Alliance Resource Partners, L.P. has a 12-month low of $22.18 and a 12-month high of $30.56.

Alliance Resource Partners (NASDAQ:ARLP - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The energy company reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.03). The firm had revenue of $540.47 million for the quarter, compared to analysts' expectations of $556.31 million. Alliance Resource Partners had a net margin of 11.84% and a return on equity of 15.77%. As a group, analysts predict that Alliance Resource Partners, L.P. will post 2.72 EPS for the current year.

Alliance Resource Partners Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 8th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 10.01%. The ex-dividend date was Thursday, May 8th. Alliance Resource Partners's dividend payout ratio (DPR) is 132.08%.

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.