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

Alliance Resource Partners, L.P. (NASDAQ:ARLP) saw a significant drop in short interest in March. As of March 15th, there was short interest totalling 4,240,000 shares, a drop of 6.6% from the February 29th total of 4,540,000 shares. Based on an average trading volume of 482,900 shares, the short-interest ratio is presently 8.8 days. Currently, 4.8% of the company’s stock are sold short.

Alliance Resource Partners Price Performance

Shares of ARLP opened at $20.05 on Monday. The firm has a market cap of $2.57 billion, a PE ratio of 4.17 and a beta of 1.14. Alliance Resource Partners has a 1-year low of $17.05 and a 1-year high of $24.30. The company has a current ratio of 2.27, a quick ratio of 1.71 and a debt-to-equity ratio of 0.18. The firm has a fifty day simple moving average of $19.98 and a two-hundred day simple moving average of $21.05.

Alliance Resource Partners (NASDAQ:ARLP) last posted its quarterly earnings data on Monday, January 29th. The energy company reported $0.88 EPS for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.26). The firm had revenue of $625.42 million for the quarter, compared to analysts’ expectations of $672.54 million. Alliance Resource Partners had a net margin of 24.50% and a return on equity of 34.90%. During the same quarter last year, the company posted $1.63 EPS. On average, equities analysts anticipate that Alliance Resource Partners will post 4.09 EPS for the current year.

Alliance Resource Partners Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 14th. Stockholders of record on Wednesday, February 7th were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 13.97%. The ex-dividend date was Tuesday, February 6th. Alliance Resource Partners’s dividend payout ratio (DPR) is presently 58.21%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in ARLP. Money Concepts Capital Corp bought a new stake in shares of Alliance Resource Partners in the 4th quarter worth about $29,000. FinTrust Capital Advisors LLC purchased a new position in shares of Alliance Resource Partners in the 4th quarter worth approximately $42,000. Tower Research Capital LLC TRC increased its position in shares of Alliance Resource Partners by 107.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,148 shares of the energy company’s stock valued at $77,000 after purchasing an additional 2,152 shares during the last quarter. Counterpoint Mutual Funds LLC purchased a new stake in Alliance Resource Partners during the 3rd quarter valued at $98,000. Finally, Barclays PLC raised its holdings in Alliance Resource Partners by 407.1% during the 2nd quarter. Barclays PLC now owns 5,497 shares of the energy company’s stock valued at $102,000 after buying an additional 4,413 shares during the period. Institutional investors own 18.11% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Alliance Resource Partners from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 6th.

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.