Alliance Resource Partners, L.P. (NASDAQ:ARLP) Short Interest Down 19.0% in March

Alliance Resource Partners, L.P. (NASDAQ:ARLP) was the recipient of a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 2,860,000 shares, a drop of 19.0% from the February 28th total of 3,530,000 shares. Approximately 3.2% of the company’s shares are sold short. Based on an average daily volume of 361,600 shares, the days-to-cover ratio is presently 7.9 days.

Insiders Place Their Bets

In related news, SVP Timothy J. Whelan sold 50,000 shares of the company’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $25.13, for a total transaction of $1,256,500.00. Following the sale, the senior vice president now owns 93,850 shares in the company, valued at $2,358,450.50. This represents a 34.76 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 16.80% of the company’s stock.

Institutional Trading of Alliance Resource Partners

A number of institutional investors have recently made changes to their positions in ARLP. Tidal Investments LLC grew its position in shares of Alliance Resource Partners by 1.2% in the 3rd quarter. Tidal Investments LLC now owns 34,283 shares of the energy company’s stock worth $857,000 after buying an additional 391 shares during the last quarter. AlphaCore Capital LLC lifted its stake in shares of Alliance Resource Partners by 2.6% in the fourth quarter. AlphaCore Capital LLC now owns 17,647 shares of the energy company’s stock worth $464,000 after buying an additional 444 shares in the last quarter. Cadent Capital Advisors LLC boosted 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 purchasing an additional 453 shares during the last quarter. BCS Wealth Management increased its holdings in Alliance Resource Partners by 2.4% in the 4th quarter. BCS Wealth Management now owns 19,971 shares of the energy company’s stock worth $525,000 after buying an additional 476 shares in the last quarter. Finally, Virtus ETF Advisers LLC raised its holdings in shares of Alliance Resource Partners by 7.6% during the fourth quarter. Virtus ETF Advisers LLC now owns 7,278 shares of the energy company’s stock valued at $191,000 after purchasing an additional 511 shares during the last quarter. Hedge funds and other institutional investors own 18.11% of the company’s stock.

Alliance Resource Partners Stock Up 0.2 %

Alliance Resource Partners stock opened at $26.66 on Monday. The firm has a 50 day simple moving average of $26.65 and a 200 day simple moving average of $26.23. The company has a current ratio of 2.36, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. Alliance Resource Partners has a 1-year low of $20.05 and a 1-year high of $30.56. The firm has a market capitalization of $3.42 billion, a price-to-earnings ratio of 9.66 and a beta of 1.09.

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 net margin of 14.74% and a return on equity of 19.09%. On average, analysts predict that Alliance Resource Partners will post 2.72 earnings per share for the current year.

Alliance Resource Partners Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 10.50%. Alliance Resource Partners’s dividend payout ratio (DPR) is currently 101.45%.

Wall Street Analysts Forecast Growth

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

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.