Alliance Resource Partners, L.P. (NASDAQ:ARLP) SVP Sells $1,256,500.00 in Stock

Alliance Resource Partners, L.P. (NASDAQ:ARLP) SVP Timothy J. Whelan sold 50,000 shares of the 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 completion of the sale, the senior vice president now directly owns 93,850 shares in the company, valued at $2,358,450.50. This represents a 34.76 % 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 Price Performance

Shares of NASDAQ ARLP opened at $26.16 on Thursday. The stock has a market cap of $3.36 billion, a P/E ratio of 9.48 and a beta of 1.09. The firm’s 50-day simple moving average is $26.77 and its 200 day simple moving average is $26.04. 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 quick ratio of 1.69, a current ratio of 2.36 and a debt-to-equity ratio of 0.24.

Alliance Resource Partners (NASDAQ:ARLP) last released its quarterly earnings results on Monday, February 3rd. The energy company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.38). Alliance Resource Partners had a return on equity of 19.09% and a net margin of 14.74%. Equities analysts expect that Alliance Resource Partners, L.P. will post 2.72 EPS for the current year.

Alliance Resource Partners Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were given a $0.70 dividend. The ex-dividend date was Friday, February 7th. This represents a $2.80 dividend on an annualized basis and a yield of 10.70%. Alliance Resource Partners’s dividend payout ratio (DPR) is 101.45%.

Hedge Funds Weigh In On Alliance Resource Partners

Several hedge funds have recently modified their holdings of ARLP. Progeny 3 Inc. lifted its holdings in shares of 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 valued at $77,351,000 after buying an additional 38,030 shares during the period. JPMorgan Chase & Co. raised its position in Alliance Resource Partners by 2.5% in the fourth quarter. JPMorgan Chase & Co. now owns 1,815,453 shares of the energy company’s stock worth $47,728,000 after acquiring an additional 44,636 shares in the last quarter. Recurrent Investment Advisors LLC lifted its holdings in Alliance Resource Partners by 0.5% in the 4th quarter. Recurrent Investment Advisors LLC now owns 1,151,070 shares of the energy company’s stock valued at $30,262,000 after acquiring an additional 5,925 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Alliance Resource Partners in the 4th quarter worth approximately $14,564,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Alliance Resource Partners by 4.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 284,228 shares of the energy company’s stock worth $7,472,000 after purchasing an additional 13,316 shares during the last quarter. 18.11% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ARLP has been the topic of a number of analyst reports. Benchmark reaffirmed a “buy” rating and issued a $29.00 price objective (up previously from $27.00) on shares of Alliance Resource Partners in a report on Tuesday, February 4th. 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. Finally, StockNews.com downgraded Alliance Resource Partners from a “buy” rating to a “hold” rating in a research 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.