Jump Financial LLC Decreases Stake in Alliance Resource Partners, L.P. (NASDAQ:ARLP)

Jump Financial LLC lessened its holdings in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLPFree Report) by 56.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,000 shares of the energy company’s stock after selling 36,800 shares during the period. Jump Financial LLC’s holdings in Alliance Resource Partners were worth $593,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of ARLP. Magnolia Group LLC raised its holdings in shares of Alliance Resource Partners by 6.0% during the 4th quarter. Magnolia Group LLC now owns 3,214,171 shares of the energy company’s stock worth $68,076,000 after acquiring an additional 180,720 shares during the period. Jackson Hole Capital Partners LLC boosted its holdings in Alliance Resource Partners by 1.1% in the 4th quarter. Jackson Hole Capital Partners LLC now owns 1,949,324 shares of the energy company’s stock valued at $41,287,000 after purchasing an additional 21,478 shares during the last quarter. Recurrent Investment Advisors LLC grew its stake 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 valued at $16,577,000 after buying an additional 34,500 shares during the period. Raymond James Financial Services Advisors Inc. increased 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 worth $7,375,000 after buying an additional 65,611 shares during the last quarter. Finally, Adams Asset Advisors LLC increased 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 worth $6,510,000 after buying an additional 45,957 shares during the last quarter. Hedge funds and other institutional investors own 18.11% of the company’s stock.

Alliance Resource Partners Price Performance

Alliance Resource Partners stock opened at $23.02 on Wednesday. The company’s 50 day simple moving average is $21.27 and its 200-day simple moving average is $20.85. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.54 and a current ratio of 2.08. Alliance Resource Partners, L.P. has a 1 year low of $17.05 and a 1 year high of $24.30. The company has a market capitalization of $2.95 billion, a price-to-earnings ratio of 5.04 and a beta of 1.11.

Alliance Resource Partners (NASDAQ:ARLPGet Free Report) last announced its earnings results on Monday, April 29th. The energy company reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.28. Alliance Resource Partners had a return on equity of 31.68% and a net margin of 23.36%. The company had revenue of $651.70 million for the quarter, compared to analyst estimates of $625.32 million. During the same quarter in the previous year, the company earned $1.45 earnings per share. As a group, equities research analysts expect that Alliance Resource Partners, L.P. will post 4.1 earnings per share for the current year.

Alliance Resource Partners Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Wednesday, May 8th were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 12.16%. The ex-dividend date was Tuesday, May 7th. Alliance Resource Partners’s dividend payout ratio (DPR) is 61.27%.

Wall Street Analyst Weigh In

ARLP has been the topic of a number of recent analyst reports. StockNews.com upgraded Alliance Resource Partners from a “buy” rating to a “strong-buy” rating in a report on Tuesday, April 30th. Benchmark reiterated a “buy” rating and set a $25.00 price target on shares of Alliance Resource Partners in a report on Tuesday, April 30th.

View Our Latest Report on ARLP

Alliance Resource Partners Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Alliance Resource Partners (NASDAQ:ARLP)

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