Alliance Resource Partners, L.P. (NASDAQ:ARLP) is Jackson Hole Capital Partners LLC’s Largest Position

Jackson Hole Capital Partners LLC lessened its stake in Alliance Resource Partners, L.P. (NASDAQ:ARLP) by 0.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,956,548 shares of the energy company’s stock after selling 7,583 shares during the quarter. Alliance Resource Partners makes up approximately 10.4% of Jackson Hole Capital Partners LLC’s portfolio, making the stock its biggest position. Jackson Hole Capital Partners LLC’s holdings in Alliance Resource Partners were worth $51,438,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Steward Partners Investment Advisory LLC purchased a new position in Alliance Resource Partners in the 4th quarter worth approximately $26,000. USA Financial Formulas purchased a new position in Alliance Resource Partners in the 4th quarter worth approximately $33,000. Bogart Wealth LLC purchased a new position in Alliance Resource Partners in the 4th quarter worth approximately $127,000. MONECO Advisors LLC purchased a new position in Alliance Resource Partners in the 4th quarter worth approximately $201,000. Finally, Meridian Wealth Management LLC purchased a new position in Alliance Resource Partners in the 4th quarter worth approximately $202,000. Hedge funds and other institutional investors own 18.11% of the company’s stock.

Alliance Resource Partners Trading Up 0.0 %

NASDAQ:ARLP opened at $24.83 on Friday. The company has a fifty day moving average of $26.97 and a 200 day moving average of $25.98. Alliance Resource Partners, L.P. has a 52 week low of $19.16 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 firm has a market capitalization of $3.18 billion, a P/E ratio of 9.00 and a beta of 1.09.

Alliance Resource Partners (NASDAQ:ARLP) last posted its quarterly earnings results on Monday, February 3rd. The energy company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.38). Alliance Resource Partners had a net margin of 14.74% and a return on equity of 19.09%. On average, research analysts predict that Alliance Resource Partners, L.P. will post 2.72 earnings per share for the current year.

Alliance Resource Partners Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were issued a dividend of $0.70 per share. The ex-dividend date was Friday, February 7th. This represents a $2.80 dividend on an annualized basis and a yield of 11.28%. Alliance Resource Partners’s dividend payout ratio is currently 101.45%.

Wall Street Analysts Forecast Growth

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

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.