Alliance Resource Partners, L.P. (NASDAQ:ARLP) SVP Sells $280,000.00 in Stock

Alliance Resource Partners, L.P. (NASDAQ:ARLP) SVP Timothy J. Whelan sold 10,000 shares of the business’s 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 sale, the senior vice president now owns 157,946 shares of the company’s stock, valued at approximately $4,422,488. The trade was a 5.95 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Alliance Resource Partners Stock Down 2.9 %

Alliance Resource Partners stock opened at $26.47 on Friday. The company has a 50-day simple moving average of $26.27 and a 200-day simple moving average of $24.84. The firm has a market capitalization of $3.39 billion, a P/E ratio of 7.52 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 one year low of $18.32 and a one year high of $29.44.

Alliance Resource Partners (NASDAQ:ARLP) last released its quarterly earnings results on Monday, October 28th. The energy company reported $0.66 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.16). The firm had revenue of $613.57 million for the quarter, compared to the consensus estimate of $646.17 million. Alliance Resource Partners had a return on equity of 23.74% and a net margin of 18.52%. During the same quarter in the prior year, the company posted $1.18 EPS. As a group, equities analysts expect that Alliance Resource Partners, L.P. will post 3.19 earnings per share for the current year.

Alliance Resource Partners Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Thursday, November 7th were given a dividend of $0.70 per share. The ex-dividend date was Thursday, November 7th. This represents a $2.80 annualized dividend and a dividend yield of 10.58%. Alliance Resource Partners’s dividend payout ratio is currently 79.55%.

Analysts Set New Price Targets

ARLP has been the subject of several recent research reports. Benchmark boosted 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. 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, Singular Research lowered shares of Alliance Resource Partners from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, December 2nd.

Institutional Investors Weigh In On Alliance Resource Partners

Institutional investors have recently bought and sold shares of the stock. Continuum Advisory LLC acquired a new stake in Alliance Resource Partners in the second quarter worth about $27,000. Beacon Capital Management LLC lifted its holdings in Alliance Resource Partners by 135.8% in the second 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 during the period. Cove Street Capital LLC acquired a new stake in Alliance Resource Partners in the second quarter worth about $49,000. Mather Group LLC. acquired a new stake in Alliance Resource Partners in the second quarter worth about $51,000. Finally, Eastern Bank acquired a new stake in Alliance Resource Partners in the third quarter worth about $72,000. 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.