Jackson Thornton Wealth Management LLC Takes Position in Alliance Resource Partners, L.P. (NASDAQ:ARLP)

Jackson Thornton Wealth Management LLC acquired a new stake in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 14,473 shares of the energy company’s stock, valued at approximately $380,000.

A number of other hedge funds have also recently modified their holdings of the business. Progeny 3 Inc. grew its position in shares of Alliance Resource Partners by 3.4% during the 3rd quarter. Progeny 3 Inc. now owns 2,904,181 shares of the energy company’s stock valued at $72,605,000 after acquiring an additional 96,780 shares during the period. Recurrent Investment Advisors LLC lifted its stake in shares of Alliance Resource Partners by 6.2% during the 3rd quarter. Recurrent Investment Advisors LLC now owns 1,145,145 shares of the energy company’s stock valued at $28,629,000 after buying an additional 66,761 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Alliance Resource Partners during the 4th quarter valued at $14,564,000. GraniteShares Advisors LLC purchased a new position in shares of Alliance Resource Partners during the 4th quarter valued at $2,493,000. Finally, Optimist Retirement Group LLC lifted its stake in shares of Alliance Resource Partners by 1.8% during the 3rd quarter. Optimist Retirement Group LLC now owns 93,462 shares of the energy company’s stock valued at $2,337,000 after buying an additional 1,691 shares in the last quarter. Institutional investors own 18.11% of the company’s stock.

Insider Transactions at Alliance Resource Partners

In other news, SVP Timothy J. Whelan sold 50,000 shares of the business’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $25.13, for a total value of $1,256,500.00. Following the sale, the senior vice president now directly owns 93,850 shares in the company, valued at $2,358,450.50. The trade was a 34.76 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 16.80% of the company’s stock.

Alliance Resource Partners Stock Down 1.6 %

Shares of ARLP stock opened at $26.25 on Monday. The stock has a market cap of $3.37 billion, a P/E ratio of 9.51 and a beta of 1.09. Alliance Resource Partners, L.P. has a 52 week low of $19.73 and a 52 week high of $30.56. The company has a quick ratio of 1.69, a current ratio of 2.36 and a debt-to-equity ratio of 0.24. The company’s fifty day simple moving average is $26.76 and its two-hundred day simple moving average is $26.10.

Alliance Resource Partners (NASDAQ:ARLP) last announced its quarterly earnings results on Monday, February 3rd. The energy company reported $0.22 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 predict that Alliance Resource Partners, L.P. will post 2.72 EPS for the current fiscal year.

Alliance Resource Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were issued a $0.70 dividend. The ex-dividend date was Friday, February 7th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 10.67%. Alliance Resource Partners’s dividend payout ratio (DPR) is presently 101.45%.

Analysts Set New Price Targets

ARLP has been the topic of a number of analyst reports. Benchmark restated a “buy” rating and set a $29.00 target price (up previously from $27.00) on shares of Alliance Resource Partners in a research note on Tuesday, February 4th. StockNews.com cut shares of Alliance Resource Partners from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Finally, Singular Research cut shares of Alliance Resource Partners from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, December 2nd.

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.