John H. Robinson Sells 3,000 Shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP) Stock

Alliance Resource Partners, L.P. (NASDAQ:ARLP) Director John H. Robinson sold 3,000 shares of the business’s stock in a transaction on Wednesday, January 12th. The stock was sold at an average price of $14.50, for a total transaction of $43,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

ARLP stock opened at $14.67 on Friday. The firm has a market cap of $1.87 billion, a price-to-earnings ratio of 11.83 and a beta of 1.75. The company has a quick ratio of 1.36, a current ratio of 1.71 and a debt-to-equity ratio of 0.36. Alliance Resource Partners, L.P. has a 12-month low of $4.98 and a 12-month high of $14.79. The company’s fifty day simple moving average is $11.52 and its 200 day simple moving average is $9.81.

Alliance Resource Partners (NASDAQ:ARLP) last released its earnings results on Sunday, October 24th. The energy company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.08. The business had revenue of $415.44 million for the quarter. Alliance Resource Partners had a net margin of 11.03% and a return on equity of 14.38%. During the same quarter in the previous year, the firm earned $0.21 EPS.

The company also recently announced a quarterly dividend, which was paid on Friday, November 12th. Investors of record on Friday, November 5th were issued a $0.20 dividend. This is a positive change from Alliance Resource Partners’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Thursday, November 4th. This represents a $0.80 annualized dividend and a yield of 5.45%. Alliance Resource Partners’s payout ratio is presently 64.52%.

A number of hedge funds have recently added to or reduced their stakes in ARLP. Goldman Sachs Group Inc. lifted its holdings in Alliance Resource Partners by 445.8% in the third quarter. Goldman Sachs Group Inc. now owns 800,064 shares of the energy company’s stock valued at $8,697,000 after buying an additional 653,483 shares during the period. Prescott Group Capital Management L.L.C. acquired a new position in Alliance Resource Partners in the third quarter valued at $3,326,000. Recurrent Investment Advisors LLC acquired a new position in Alliance Resource Partners in the third quarter valued at $2,581,000. Full Sail Capital LLC acquired a new position in Alliance Resource Partners in the second quarter valued at $1,365,000. Finally, PEAK6 Investments LLC acquired a new position in shares of Alliance Resource Partners during the third quarter valued at about $1,847,000. Institutional investors and hedge funds own 18.22% of the company’s stock.

Alliance Resource Partners Company Profile

Alliance Resource Partners LP is a natural resource company, which produces and markets coal to United States utilities and industrial users. It operates through the following segments: Illinois Basin, Appalachia, Minerals, and Other & Corporate. The Illinois Basin segment is comprised of Webster County coal’s Dotiki mining complex, Gibson mining complex, which includes the Gibson north mine and the Gibson south project, Hopkins County coal’s Elk Creek mining complex, White County coal’s Pattiki mining complex, Warrior’s mining complex, River View’s mining complex, the Sebree property and certain properties of Alliance Resource Properties and ARP Sebree LLC.

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