Timothy J. Whelan Sells 50,000 Shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP) Stock

Alliance Resource Partners, L.P. (NASDAQ:ARLP) SVP Timothy J. Whelan sold 50,000 shares of the firm’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $25.13, for a total value of $1,256,500.00. Following the transaction, the senior vice president now directly owns 93,850 shares of the company’s stock, valued at approximately $2,358,450.50. This represents a 34.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Alliance Resource Partners Trading Down 1.1 %

NASDAQ:ARLP opened at $24.91 on Tuesday. Alliance Resource Partners, L.P. has a 52 week low of $19.45 and a 52 week high of $30.56. The firm has a 50-day moving average price of $26.79 and a two-hundred day moving average price of $26.03. The firm has a market cap of $3.20 billion, a price-to-earnings ratio of 9.03 and a beta of 1.09. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 2.36.

Alliance Resource Partners (NASDAQ:ARLP) last posted its quarterly earnings data 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%. On average, equities analysts expect that Alliance Resource Partners, L.P. will post 2.72 earnings per share for the current fiscal year.

Alliance Resource Partners Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were paid a dividend of $0.70 per share. The ex-dividend date was Friday, February 7th. This represents a $2.80 annualized dividend and a dividend yield of 11.24%. Alliance Resource Partners’s payout ratio is currently 101.45%.

Analysts Set New Price Targets

Several equities research analysts recently commented on ARLP shares. StockNews.com cut Alliance Resource Partners from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Benchmark reiterated a “buy” rating and issued a $29.00 target price (up from $27.00) on shares of Alliance Resource Partners in a report on Tuesday, February 4th. Finally, Singular Research downgraded shares of Alliance Resource Partners from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, December 2nd.

Hedge Funds Weigh In On Alliance Resource Partners

Several institutional investors and hedge funds have recently bought and sold shares of ARLP. Tidal Investments LLC lifted its holdings in Alliance Resource Partners by 1.2% during the third quarter. Tidal Investments LLC now owns 34,283 shares of the energy company’s stock valued at $857,000 after purchasing an additional 391 shares during the last quarter. Pekin Hardy Strauss Inc. lifted its stake in shares of 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 buying an additional 400 shares in the last quarter. AlphaCore Capital LLC boosted its holdings in Alliance Resource Partners by 2.6% in the 4th quarter. AlphaCore Capital LLC now owns 17,647 shares of the energy company’s stock worth $464,000 after buying an additional 444 shares during the period. Cadent Capital Advisors LLC boosted its holdings in shares of Alliance Resource Partners by 1.9% in the fourth quarter. Cadent Capital Advisors LLC now owns 23,816 shares of the energy company’s stock worth $626,000 after acquiring an additional 453 shares during the period. Finally, BCS Wealth Management grew its stake in Alliance Resource Partners by 2.4% during the fourth 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 in the last quarter. 18.11% of the stock is owned by institutional investors.

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.