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

Alliance Resource Partners, L.P. (NASDAQ:ARLP) saw a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 3,050,000 shares, an increase of 15.1% from the January 15th total of 2,650,000 shares. Approximately 3.5% of the company’s shares are short sold. Based on an average daily volume of 388,900 shares, the days-to-cover ratio is currently 7.8 days.

Alliance Resource Partners Stock Performance

Shares of ARLP traded down $0.17 during mid-day trading on Friday, hitting $26.76. 542,360 shares of the company traded hands, compared to its average volume of 523,066. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 2.36. The stock has a 50-day moving average price of $26.88 and a two-hundred day moving average price of $25.70. Alliance Resource Partners has a 1 year low of $18.32 and a 1 year high of $30.56. The stock has a market cap of $3.43 billion, a price-to-earnings ratio of 9.70 and a beta of 1.16.

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

Alliance Resource Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $2.80 annualized dividend and a yield of 10.46%. Alliance Resource Partners’s dividend payout ratio (DPR) is 101.45%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Benchmark reissued a “buy” rating and set a $29.00 target price (up from $27.00) on shares of Alliance Resource Partners in a research report on Tuesday, February 4th. StockNews.com cut shares of Alliance Resource Partners from a “buy” rating to a “hold” rating in a research report 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.

Insider Buying and Selling

In other news, SVP Timothy J. Whelan sold 10,000 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $28.00, for a total transaction of $280,000.00. Following the transaction, the senior vice president now owns 157,946 shares in the company, valued at approximately $4,422,488. This represents a 5.95 % decrease in their ownership of the stock. The sale 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 insiders.

Institutional Trading of Alliance Resource Partners

Large investors have recently added to or reduced their stakes in the business. Castalian Partners LLC bought a new position in shares of Alliance Resource Partners in the fourth quarter worth approximately $3,353,000. Virtus ETF Advisers LLC boosted its position in shares of Alliance Resource Partners by 7.6% in the fourth quarter. Virtus ETF Advisers LLC now owns 7,278 shares of the energy company’s stock worth $191,000 after purchasing an additional 511 shares during the period. Miller Value Partners LLC boosted its position in shares of Alliance Resource Partners by 8.5% in the fourth quarter. Miller Value Partners LLC now owns 127,000 shares of the energy company’s stock worth $3,339,000 after purchasing an additional 10,000 shares during the period. Integrated Wealth Concepts LLC boosted its position in shares of Alliance Resource Partners by 27.1% in the fourth quarter. Integrated Wealth Concepts LLC now owns 10,455 shares of the energy company’s stock worth $275,000 after purchasing an additional 2,230 shares during the period. Finally, Orvieto Partners L.P. bought a new position in shares of Alliance Resource Partners during the fourth quarter worth $2,070,000. 18.11% of the stock is currently owned by institutional investors.

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.