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

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

Alliance Resource Partners Stock Performance

NASDAQ:ARLP opened at $25.53 on Wednesday. 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 fifty-two week low of $19.65 and a fifty-two week high of $30.56. The company has a 50 day simple moving average of $26.78 and a two-hundred day simple moving average of $26.04. The company has a market capitalization of $3.28 billion, a PE ratio of 9.25 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 return on equity of 19.09% and a net margin of 14.74%. Research analysts anticipate that Alliance Resource Partners, L.P. will post 2.72 earnings per share for the current year.

Alliance Resource Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 10.97%. The ex-dividend date of this dividend was Friday, February 7th. Alliance Resource Partners’s dividend payout ratio is 101.45%.

Institutional Investors Weigh In On Alliance Resource Partners

Several large investors have recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC lifted its stake in Alliance Resource Partners by 119.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 19,506 shares of the energy company’s stock valued at $513,000 after buying an additional 10,613 shares during the period. AlphaCore Capital LLC increased its stake in shares of Alliance Resource Partners by 2.6% in the 4th quarter. AlphaCore Capital LLC now owns 17,647 shares of the energy company’s stock valued at $464,000 after acquiring an additional 444 shares in the last quarter. State of Wyoming acquired a new position in shares of Alliance Resource Partners during the 4th quarter valued at $105,000. Recurrent Investment Advisors LLC boosted its stake in Alliance Resource Partners by 0.5% during the fourth quarter. Recurrent Investment Advisors LLC now owns 1,151,070 shares of the energy company’s stock worth $30,262,000 after acquiring an additional 5,925 shares in the last quarter. Finally, Progeny 3 Inc. grew its holdings in Alliance Resource Partners by 1.3% in the fourth quarter. Progeny 3 Inc. now owns 2,942,211 shares of the energy company’s stock worth $77,351,000 after purchasing an additional 38,030 shares during the period. Institutional investors and hedge funds own 18.11% of the company’s stock.

Analyst Ratings Changes

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

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.