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

Alliance Resource Partners, L.P. (NASDAQ:ARLP) was the recipient of a large drop in short interest in the month of November. As of November 30th, there was short interest totalling 2,590,000 shares, a drop 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 company’s stock are short sold.

Alliance Resource Partners Trading Up 1.7 %

Alliance Resource Partners stock opened at $26.66 on Monday. 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 simple moving average of $26.36 and a 200 day simple moving average of $24.96. The stock has a market capitalization of $3.41 billion, a P/E ratio of 7.57 and a beta of 1.16. 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 posted its quarterly earnings results on Monday, October 28th. The energy company reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.16). Alliance Resource Partners had a net margin of 18.52% and a return on equity of 23.74%. The business had revenue of $613.57 million during the quarter, compared to the consensus estimate of $646.17 million. During the same quarter last year, the company posted $1.18 EPS. Analysts expect that Alliance Resource Partners will post 3.19 earnings per share for the current year.

Alliance Resource Partners Dividend Announcement

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

Analyst Ratings Changes

ARLP has been the subject of several analyst reports. Singular Research cut Alliance Resource Partners from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, December 2nd. StockNews.com cut Alliance Resource Partners from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 15th. Finally, Benchmark raised their target price on shares of 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 Buying and Selling at Alliance Resource Partners

In related news, SVP Timothy J. Whelan sold 10,000 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $28.00, for a total transaction of $280,000.00. Following the completion of 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 SEC, which can be accessed through this hyperlink. Company insiders own 16.80% of the company’s stock.

Hedge Funds Weigh In On Alliance Resource Partners

Several institutional investors and hedge funds have recently made changes to their positions in the company. Continuum Advisory LLC bought a new stake in Alliance Resource Partners in the 2nd quarter valued at $27,000. Beacon Capital Management LLC raised its stake in Alliance Resource Partners by 135.8% in the 2nd quarter. Beacon Capital Management LLC now owns 1,462 shares of the energy company’s stock worth $36,000 after purchasing an additional 842 shares in the last quarter. Eastern Bank bought a new stake in Alliance Resource Partners in the 3rd quarter valued at about $72,000. SG Americas Securities LLC acquired a new position in shares of Alliance Resource Partners during the 2nd quarter worth approximately $171,000. Finally, Integrated Wealth Concepts LLC acquired a new position in shares of Alliance Resource Partners during the 3rd quarter worth approximately $206,000. Institutional investors and hedge funds own 18.11% of the company’s stock.

About Alliance Resource Partners

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.