Timothy J. Whelan Sells 10,000 Shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP) Stock

Alliance Resource Partners, L.P. (NASDAQ:ARLP) SVP Timothy J. Whelan sold 10,000 shares of the stock in a transaction on Monday, December 2nd. The stock was 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 directly owns 157,946 shares in the company, valued at $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 Securities & Exchange Commission, which can be accessed through the SEC website.

Alliance Resource Partners Trading Up 0.9 %

NASDAQ:ARLP opened at $27.27 on Friday. The stock has a market cap of $3.49 billion, a price-to-earnings ratio of 7.75 and a beta of 1.16. 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, L.P. has a 1 year low of $18.32 and a 1 year high of $29.44. The business has a fifty day moving average of $26.19 and a 200-day moving average of $24.80.

Alliance Resource Partners (NASDAQ:ARLP) last announced its earnings results on Monday, October 28th. The energy company reported $0.66 earnings per share (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 in the prior year, the company earned $1.18 EPS. Equities analysts predict that Alliance Resource Partners, L.P. 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. Stockholders of record on Thursday, November 7th were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 10.27%. The ex-dividend date of this dividend was Thursday, November 7th. Alliance Resource Partners’s dividend payout ratio (DPR) is presently 79.55%.

Institutional Investors Weigh In On Alliance Resource Partners

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tidal Investments LLC boosted its stake 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 valued at $857,000 after purchasing an additional 391 shares in the last quarter. Optimist Retirement Group LLC boosted its stake in 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 valued at $2,337,000 after buying an additional 1,691 shares in the last quarter. Recurrent Investment Advisors LLC grew its holdings in 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 during the period. NFC Investments LLC raised its position in Alliance Resource Partners by 2.5% in the third quarter. NFC Investments LLC now owns 69,800 shares of the energy company’s stock worth $1,745,000 after acquiring an additional 1,700 shares in the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new stake in Alliance Resource Partners in the 3rd quarter valued at about $206,000. Institutional investors own 18.11% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Singular Research cut shares of Alliance Resource Partners from a “strong-buy” rating to a “moderate buy” rating in a report on Monday. StockNews.com lowered shares of Alliance Resource Partners from a “strong-buy” rating to a “buy” rating in a research note 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 report on Tuesday, October 29th.

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.