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

Jackson Thornton Wealth Management LLC reduced its stake in Alliance Resource Partners, L.P. (NASDAQ:ARLP) by 6.3% in the 1st quarter, HoldingsChannel.com reports. The firm owned 13,555 shares of the energy company’s stock after selling 918 shares during the period. Jackson Thornton Wealth Management LLC’s holdings in Alliance Resource Partners were worth $368,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of ARLP. Oppenheimer & Co. Inc. purchased a new position in shares of Alliance Resource Partners in the 4th quarter valued at approximately $495,000. Meridian Wealth Management LLC purchased a new position in shares of Alliance Resource Partners in the 4th quarter valued at approximately $202,000. Steward Partners Investment Advisory LLC purchased a new position in shares of Alliance Resource Partners in the 4th quarter valued at approximately $26,000. Raymond James Financial Inc. purchased a new position in shares of Alliance Resource Partners in the 4th quarter valued at approximately $14,564,000. Finally, Avantax Advisory Services Inc. purchased a new position in shares of Alliance Resource Partners in the 4th quarter valued at approximately $271,000. 18.11% of the stock is owned by hedge funds and other institutional investors.

Alliance Resource Partners Stock Performance

ARLP opened at $26.27 on Friday. Alliance Resource Partners, L.P. has a 12-month low of $22.18 and a 12-month high of $30.56. The company has a current ratio of 1.93, a quick ratio of 1.37 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $3.37 billion, a PE ratio of 12.39 and a beta of 0.54. The firm has a 50 day moving average of $26.17 and a two-hundred day moving average of $26.43.

Alliance Resource Partners (NASDAQ:ARLP) last posted its quarterly earnings results on Monday, April 28th. The energy company reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.03). Alliance Resource Partners had a return on equity of 15.77% and a net margin of 11.84%. The business had revenue of $540.47 million for the quarter, compared to analysts’ expectations of $556.31 million. On average, analysts anticipate that Alliance Resource Partners, L.P. will post 2.72 EPS for the current year.

Alliance Resource Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 8th were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 10.66%. The ex-dividend date was Thursday, May 8th. Alliance Resource Partners’s dividend payout ratio is presently 132.08%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Wall Street Zen raised shares of Alliance Resource Partners from a “hold” rating to a “buy” rating in a research report on Sunday, May 4th. Benchmark reissued a “buy” rating and set a $29.00 price target on shares of Alliance Resource Partners in a research report on Tuesday, April 29th.

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.