Alliance Resource Partners, L.P. (NASDAQ:ARLP) Short Interest Update

Alliance Resource Partners, L.P. (NASDAQ:ARLP) was the recipient of a significant decrease in short interest in March. As of March 15th, there was short interest totalling 2,860,000 shares, a decrease of 19.0% from the February 28th total of 3,530,000 shares. Approximately 3.2% of the company’s stock are sold short. Based on an average daily volume of 361,600 shares, the days-to-cover ratio is presently 7.9 days.

Insider Activity at Alliance Resource Partners

In other news, SVP Timothy J. Whelan sold 50,000 shares of Alliance Resource Partners stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $25.13, for a total transaction of $1,256,500.00. Following the sale, the senior vice president now owns 93,850 shares in the company, valued at approximately $2,358,450.50. The trade was a 34.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 16.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Steward Partners Investment Advisory LLC acquired a new position in shares of Alliance Resource Partners during the 4th quarter worth $26,000. USA Financial Formulas acquired a new position in Alliance Resource Partners during the fourth quarter worth about $33,000. Summit Securities Group LLC increased its holdings in Alliance Resource Partners by 350.0% in the fourth quarter. Summit Securities Group LLC now owns 1,800 shares of the energy company’s stock valued at $47,000 after buying an additional 1,400 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Alliance Resource Partners by 223.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,406 shares of the energy company’s stock valued at $90,000 after acquiring an additional 2,353 shares during the period. Finally, State of Wyoming purchased a new stake in shares of Alliance Resource Partners during the 4th quarter worth approximately $105,000. Institutional investors and hedge funds own 18.11% of the company’s stock.

Alliance Resource Partners Trading Up 2.3 %

Shares of ARLP stock opened at $27.28 on Tuesday. The business’s 50 day moving average is $26.64 and its two-hundred day moving average is $26.26. Alliance Resource Partners has a twelve month low of $20.05 and a twelve 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 company has a market capitalization of $3.50 billion, a P/E ratio of 9.88 and a beta of 1.09.

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

Alliance Resource Partners Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were paid 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 10.26%. Alliance Resource Partners’s dividend payout ratio (DPR) is presently 101.45%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ARLP. Benchmark reissued 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. 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 lowered 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.