1 day Ago By ABMN Staff
JPMorgan Chase & Co. boosted its holdings in shares of Alliance Resource Partners, L.P.
( NASDAQ:ARLP – Free Report ) by 2.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 1,815,453 shares of the energy company’s stock after purchasing an additional 44,636 shares during the period.
JPMorgan Chase & Co.’s holdings in Alliance Resource Partners were worth $47,728,000 as of its most recent filing with the SEC. A number of other institutional investors also recently bought and sold shares of ARLP.
Raymond James Financial Inc. acquired a new stake in shares of Alliance Resource Partners during the fourth quarter worth about $14,564,000. GraniteShares Advisors LLC acquired a new stake in Alliance Resource Partners during the 4th quarter worth approximately $2,493,000.
Horizon Kinetics Asset Management LLC purchased a new position in shares of Alliance Resource Partners in the 4th quarter valued at approximately $1,440,000. Hidden Cove Wealth Management LLC purchased a new stake in shares of Alliance Resource Partners during the fourth quarter worth approximately $922,000. Finally, Oppenheimer & Co.
Inc. acquired a new stake in shares of Alliance Resource Partners during the fourth quarter worth $495,000. 18.
11% of the stock is currently owned by institutional investors and hedge funds. Alliance Resource Partners Trading Down 6.1 % Shares of Alliance Resource Partners stock opened at $25.
04 on Friday. The company has a 50-day moving average of $26.47 and a two-hundred day moving average of $26.
32. Alliance Resource Partners, L.P.
has a 12-month low of $20.59 and a 12-month high of $30.56.
The company has a current ratio of 2.36, a quick ratio of 1.69 and a debt-to-equity ratio of 0.
24. The stock has a market cap of $3.22 billion, a PE ratio of 9.
07 and a beta of 0.62. Alliance Resource Partners Announces Dividend The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th.
Investors of record on Friday, February 7th were given a $0.70 dividend. The ex-dividend date was Friday, February 7th.
This represents a $2.80 annualized dividend and a dividend yield of 11.18%.
Alliance Resource Partners’s dividend payout ratio is presently 101.45%. Insider Activity at Alliance Resource Partners In other Alliance Resource Partners news, SVP Timothy J.
Whelan sold 50,000 shares of the company’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 owns 93,850 shares of the company’s stock, valued at $2,358,450.50.
This represents a 34.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website .
16.80% of the stock is owned by corporate insiders. Wall Street Analysts Forecast Growth Several equities analysts have issued reports on the stock.
Benchmark reissued a “buy” rating and issued a $29.00 price objective (up from $27.00) on shares of Alliance Resource Partners in a research note on Tuesday, February 4th.
StockNews.com downgraded Alliance Resource Partners from a “buy” rating to a “hold” rating in a report on Wednesday, February 5th. Get Our Latest Stock Analysis on Alliance Resource Partners 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.
See Also Want to see what other hedge funds are holding ARLP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alliance Resource Partners, L.P.
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