Alliance Resource Partners (NASDAQ:ARLP) Stock Acquired Rep. Virginia Foxx

Representative Virginia Foxx (R-North Carolina) recently bought shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP). In a filing disclosed on December 11th, the Representative disclosed that they had bought between $1,001 and $15,000 in Alliance Resource Partners stock on November 14th.

Representative Virginia Foxx also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Hercules Capital (NYSE:HTGC) on 11/20/2024.
• Purchased $1,001 – $15,000 in shares of Energy Transfer (NYSE:ET) on 11/19/2024.
• Purchased $15,001 – $50,000 in shares of Hercules Capital (NYSE:HTGC) on 10/23/2024.
• Purchased $1,001 – $15,000 in shares of Ellington Financial (NYSE:EFC) on 9/30/2024.

Alliance Resource Partners Stock Up 0.7 %

Alliance Resource Partners stock opened at $26.21 on Friday. Alliance Resource Partners, L.P. has a fifty-two week low of $18.32 and a fifty-two week high of $29.44. The firm’s 50-day simple moving average is $26.34 and its 200 day simple moving average is $24.92. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 2.36. The stock has a market cap of $3.36 billion, a PE ratio of 7.45 and a beta of 1.16.

Alliance Resource Partners (NASDAQ:ARLP) last announced its quarterly earnings data 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 firm 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 firm posted $1.18 earnings per share. Research analysts predict that Alliance Resource Partners, L.P. will post 3.19 EPS for the current fiscal year.

Alliance Resource Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Thursday, November 7th were issued a $0.70 dividend. The ex-dividend date was Thursday, November 7th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 10.68%. Alliance Resource Partners’s dividend payout ratio is presently 79.55%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on ARLP shares. Singular Research lowered shares of Alliance Resource Partners from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, December 2nd. StockNews.com downgraded Alliance Resource Partners from a “strong-buy” rating to a “buy” rating in a report on Friday, November 15th. Finally, Benchmark increased their price objective on Alliance Resource Partners from $26.00 to $27.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th.

Institutional Trading of Alliance Resource Partners

Several institutional investors have recently made changes to their positions in the business. Tidal Investments LLC increased its position in Alliance Resource Partners by 1.2% in the third quarter. Tidal Investments LLC now owns 34,283 shares of the energy company’s stock worth $857,000 after purchasing an additional 391 shares during the last quarter. Pekin Hardy Strauss Inc. boosted its position in Alliance Resource Partners by 0.9% in the 3rd quarter. Pekin Hardy Strauss Inc. now owns 46,905 shares of the energy company’s stock valued at $1,173,000 after buying an additional 400 shares during the period. AlphaCore Capital LLC boosted its holdings in shares of Alliance Resource Partners by 3.0% in the third quarter. AlphaCore Capital LLC now owns 17,203 shares of the energy company’s stock valued at $430,000 after purchasing an additional 503 shares during the period. Andina Capital Management LLC grew its position in shares of Alliance Resource Partners by 5.2% during the 3rd quarter. Andina Capital Management LLC now owns 15,171 shares of the energy company’s stock worth $379,000 after buying an additional 745 shares in the last quarter. Finally, J.W. Cole Advisors Inc. grew its holdings in Alliance Resource Partners by 3.8% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 21,746 shares of the energy company’s stock worth $544,000 after acquiring an additional 797 shares in the last quarter. Hedge funds and other institutional investors own 18.11% of the company’s stock.

Insider Activity at Alliance Resource Partners

In other Alliance Resource Partners news, SVP Timothy J. Whelan sold 10,000 shares of the firm’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $28.00, for a total value of $280,000.00. Following the completion of the transaction, the senior vice president now owns 157,946 shares of the company’s stock, valued at approximately $4,422,488. This trade represents a 5.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 16.80% of the stock is currently owned by corporate insiders.

About Representative Foxx

Virginia Foxx (Republican Party) is a member of the U.S. House, representing North Carolina’s 5th Congressional District. She assumed office on January 3, 2005. Her current term ends on January 3, 2025. Foxx (Republican Party) is running for re-election to the U.S. House to represent North Carolina’s 5th Congressional District. She declared candidacy for the 2024 election. Prior to her election to the U.S. House, Foxx served as a member of the North Carolina State Senate as well as deputy secretary for management for North Carolina. Foxx was born in New York, New York. She earned a B.A. and M.A.C.T. from the University of North Carolina, Chapel Hill, in 1968 and 1972, respectively, and an Ed.D. from the University of North Carolina, Greensboro, in 1985. Foxx worked as an instructor at Caldwell Community College in Hudson, NC, and an instructor and assistant dean at Appalachian State University in Boone, NC. She owned a landscape nursery and served as Deputy Secretary for Management at the North Carolina Department of Administration.

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.