Alliance Resource Partners (NASDAQ:ARLP) Director Purchases $78,330.00 in Stock

Alliance Resource Partners, L.P. (NASDAQ:ARLP) Director Ronna Mcdaniel purchased 3,000 shares of the stock in a transaction that occurred on Friday, July 31st. The shares were bought at an average cost of $26.11 per share, for a total transaction of $78,330.00. Following the acquisition, the director owned 3,000 shares of the company’s stock, valued at approximately $78,330. The trade was a ? increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Alliance Resource Partners Stock Performance

Shares of ARLP stock opened at $25.32 on Friday. The stock’s 50-day moving average price is $24.81 and its 200 day moving average price is $25.60. The company has a quick ratio of 0.95, a current ratio of 1.46 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $3.26 billion, a PE ratio of 12.35 and a beta of 0.22. Alliance Resource Partners, L.P. has a 52-week low of $22.20 and a 52-week high of $29.45.

Alliance Resource Partners (NASDAQ:ARLP) last posted its quarterly earnings data on Monday, July 27th. The energy company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). Alliance Resource Partners had a return on equity of 17.61% and a net margin of 12.25%.The company had revenue of $551.56 million for the quarter, compared to analyst estimates of $554.30 million. As a group, equities research analysts forecast that Alliance Resource Partners, L.P. will post 2.65 EPS for the current year.

Alliance Resource Partners Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, August 7th will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, August 7th. This represents a $2.40 annualized dividend and a dividend yield of 9.5%. Alliance Resource Partners’s dividend payout ratio (DPR) is currently 117.07%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ARLP. Zacks Research raised shares of Alliance Resource Partners from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 8th. Weiss Ratings upgraded shares of Alliance Resource Partners from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $30.00.

Institutional Trading of Alliance Resource Partners

A number of institutional investors have recently modified their holdings of ARLP. Summit Securities Group LLC purchased a new position in Alliance Resource Partners in the first quarter worth $28,000. IFC & Insurance Marketing Inc. purchased a new stake in shares of Alliance Resource Partners during the 4th quarter worth $35,000. Smartleaf Asset Management LLC purchased a new stake in shares of Alliance Resource Partners during the 4th quarter worth $35,000. Sound Income Strategies LLC acquired a new position in shares of Alliance Resource Partners during the 4th quarter worth $36,000. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of Alliance Resource Partners by 135.0% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 1,523 shares of the energy company’s stock worth $39,000 after purchasing an additional 875 shares during the period. 18.11% of the stock is currently owned by hedge funds and other institutional investors.

Alliance Resource Partners Company Profile

Alliance Resource Partners, L.P. (NASDAQ: ARLP) is a Tulsa, Oklahoma–based master limited partnership engaged in the production, marketing and transportation of bituminous coal. Through its subsidiaries, the company develops, owns and operates surface and underground coal mines, providing fuel primarily for electric power generation and various industrial applications. Alliance’s integrated business model covers the extraction of raw coal, processing at preparation plants and delivery to domestic and export customers.

The partnership operates multiple mining complexes across Illinois, Indiana, Kentucky and West Virginia.