Alliance Resource Partners, L.P. (NASDAQ:ARLP) Sees Significant Decline in Short Interest

Alliance Resource Partners, L.P. (NASDAQ:ARLP) saw a significant decrease in short interest during the month of November. As of November 30th, there was short interest totalling 2,590,000 shares, a decrease of 15.9% from the November 15th total of 3,080,000 shares. Based on an average daily volume of 290,600 shares, the days-to-cover ratio is currently 8.9 days. Approximately 2.9% of the shares of the company are sold short.

Analyst Ratings Changes

A number of research analysts recently commented on ARLP shares. Singular Research cut Alliance Resource Partners from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, December 2nd. StockNews.com downgraded shares of Alliance Resource Partners from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 15th. Finally, Benchmark lifted their price target on Alliance Resource Partners from $26.00 to $27.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th.

Insider Activity

In other Alliance Resource Partners news, SVP Timothy J. Whelan sold 10,000 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $28.00, for a total value of $280,000.00. Following the completion of the sale, the senior vice president now owns 157,946 shares of the company’s stock, valued at $4,422,488. The trade was a 5.95 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 16.80% of the stock is owned by company insiders.

Institutional Trading of Alliance Resource Partners

Several large investors have recently made changes to their positions in ARLP. Tidal Investments LLC boosted its holdings in Alliance Resource Partners by 1.2% in the third quarter. Tidal Investments LLC now owns 34,283 shares of the energy company’s stock worth $857,000 after acquiring an additional 391 shares in the last quarter. Optimist Retirement Group LLC raised its position in shares of Alliance Resource Partners by 1.8% during the third quarter. Optimist Retirement Group LLC now owns 93,462 shares of the energy company’s stock worth $2,337,000 after purchasing an additional 1,691 shares during the period. Recurrent Investment Advisors LLC increased its position in shares of Alliance Resource Partners by 6.2% during the third quarter. Recurrent Investment Advisors LLC now owns 1,145,145 shares of the energy company’s stock worth $28,629,000 after acquiring an additional 66,761 shares in the last quarter. NFC Investments LLC increased its stake in Alliance Resource Partners by 2.5% in the 3rd quarter. NFC Investments LLC now owns 69,800 shares of the energy company’s stock valued at $1,745,000 after buying an additional 1,700 shares during the last quarter. Finally, Integrated Wealth Concepts LLC bought a new position in Alliance Resource Partners in the 3rd quarter valued at $206,000. 18.11% of the stock is currently owned by institutional investors and hedge funds.

Alliance Resource Partners Price Performance

ARLP stock traded up $0.45 during midday trading on Friday, reaching $26.66. 387,654 shares of the stock were exchanged, compared to its average volume of 381,230. The stock has a market capitalization of $3.41 billion, a PE ratio of 7.57 and a beta of 1.16. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.36 and a quick ratio of 1.69. The company has a fifty day moving average price of $26.36 and a 200 day moving average price of $24.94. Alliance Resource Partners has a 52 week low of $18.32 and a 52 week high of $29.44.

Alliance Resource Partners (NASDAQ:ARLP) last released its quarterly earnings results on Monday, October 28th. The energy company reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.16). The company had revenue of $613.57 million during the quarter, compared to the consensus estimate of $646.17 million. Alliance Resource Partners had a net margin of 18.52% and a return on equity of 23.74%. During the same quarter last year, the firm posted $1.18 EPS. As a group, analysts expect that Alliance Resource Partners will post 3.19 EPS for the current fiscal year.

Alliance Resource Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Thursday, November 7th were issued a dividend of $0.70 per share. The ex-dividend date was Thursday, November 7th. This represents a $2.80 annualized dividend and a dividend yield of 10.50%. Alliance Resource Partners’s dividend payout ratio is currently 79.55%.

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.