Short Interest in Alliance Resource Partners, L.P. (NASDAQ:ARLP) Increases By 15.1%

Alliance Resource Partners, L.P. (NASDAQ:ARLP) saw a large growth in short interest in January. As of January 31st, there was short interest totalling 3,050,000 shares, a growth of 15.1% from the January 15th total of 2,650,000 shares. Approximately 3.5% of the company’s shares are sold short. Based on an average daily trading volume, of 388,900 shares, the days-to-cover ratio is currently 7.8 days.

Alliance Resource Partners Stock Down 0.6 %

Shares of Alliance Resource Partners stock traded down $0.17 on Friday, reaching $26.76. The stock had a trading volume of 542,360 shares, compared to its average volume of 523,066. The company has a 50 day moving average price of $26.88 and a 200 day moving average price of $25.70. The company has a quick ratio of 1.69, a current ratio of 2.36 and a debt-to-equity ratio of 0.24. Alliance Resource Partners has a 1 year low of $18.32 and a 1 year high of $30.56. The stock has a market capitalization of $3.43 billion, a P/E ratio of 9.70 and a beta of 1.16.

Alliance Resource Partners (NASDAQ:ARLP) last released its earnings results on Monday, February 3rd. The energy company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.38). Alliance Resource Partners had a return on equity of 19.09% and a net margin of 14.74%. As a group, equities research analysts forecast that Alliance Resource Partners will post 2.72 EPS for the current year.

Alliance Resource Partners Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 10.46%. The ex-dividend date of this dividend was Friday, February 7th. Alliance Resource Partners’s dividend payout ratio is presently 101.45%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Benchmark reissued a “buy” rating and set a $29.00 target price (up previously from $27.00) on shares of Alliance Resource Partners in a research report on Tuesday, February 4th. Singular Research downgraded shares of Alliance Resource Partners from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, December 2nd. Finally, StockNews.com downgraded shares of Alliance Resource Partners from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th.

Insider Activity at Alliance Resource Partners

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

Institutional Trading of Alliance Resource Partners

Several large investors have recently bought and sold shares of the stock. Tidal Investments LLC grew its position in Alliance Resource Partners by 1.2% during the 3rd quarter. Tidal Investments LLC now owns 34,283 shares of the energy company’s stock worth $857,000 after purchasing an additional 391 shares during the last quarter. Pekin Hardy Strauss Inc. lifted its stake in Alliance Resource Partners by 0.9% during the 3rd quarter. Pekin Hardy Strauss Inc. now owns 46,905 shares of the energy company’s stock valued at $1,173,000 after acquiring an additional 400 shares during the period. Cadent Capital Advisors LLC lifted its stake in Alliance Resource Partners by 1.9% during the 4th quarter. Cadent Capital Advisors LLC now owns 23,816 shares of the energy company’s stock valued at $626,000 after acquiring an additional 453 shares during the period. BCS Wealth Management lifted its stake in Alliance Resource Partners by 2.4% during the 4th quarter. BCS Wealth Management now owns 19,971 shares of the energy company’s stock valued at $525,000 after acquiring an additional 476 shares during the period. Finally, AlphaCore Capital LLC lifted its stake in Alliance Resource Partners by 3.0% during the 3rd quarter. AlphaCore Capital LLC now owns 17,203 shares of the energy company’s stock valued at $430,000 after acquiring an additional 503 shares during the period. Hedge funds and other institutional investors own 18.11% of the company’s stock.

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.