Insider Selling: Alliance Resource Partners, L.P. (NASDAQ:ARLP) SVP Sells 50,000 Shares of Stock

Alliance Resource Partners, L.P. (NASDAQ:ARLP) SVP Timothy J. Whelan sold 50,000 shares of the business’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 value of $1,256,500.00. Following the sale, the senior vice president now owns 93,850 shares of the company’s stock, valued at approximately $2,358,450.50. This represents a 34.76 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Alliance Resource Partners Stock Up 2.5 %

Shares of NASDAQ:ARLP opened at $25.53 on Wednesday. The stock has a market cap of $3.28 billion, a price-to-earnings ratio of 9.25 and a beta of 1.09. The business’s 50 day moving average is $26.78 and its 200 day moving average is $26.04. Alliance Resource Partners, L.P. has a 12-month low of $19.65 and a 12-month 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 posted its earnings results on Monday, February 3rd. The energy company reported $0.22 earnings per share (EPS) 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%. On average, sell-side analysts forecast that Alliance Resource Partners, L.P. will post 2.72 earnings per share for the current fiscal year.

Alliance Resource Partners Announces Dividend

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

Hedge Funds Weigh In On Alliance Resource Partners

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Tidal Investments LLC increased its position in shares of Alliance Resource Partners by 1.2% during the 3rd quarter. Tidal Investments LLC now owns 34,283 shares of the energy company’s stock valued at $857,000 after purchasing an additional 391 shares during the last quarter. Pekin Hardy Strauss Inc. increased its holdings in Alliance Resource Partners by 0.9% during the third quarter. Pekin Hardy Strauss Inc. now owns 46,905 shares of the energy company’s stock worth $1,173,000 after buying an additional 400 shares during the last quarter. AlphaCore Capital LLC raised its position in 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 acquiring an additional 444 shares during the period. Cadent Capital Advisors LLC boosted its stake in Alliance Resource Partners by 1.9% in the fourth quarter. Cadent Capital Advisors LLC now owns 23,816 shares of the energy company’s stock valued at $626,000 after acquiring an additional 453 shares during the last quarter. Finally, BCS Wealth Management grew its position in shares of Alliance Resource Partners by 2.4% during the 4th quarter. BCS Wealth Management now owns 19,971 shares of the energy company’s stock valued at $525,000 after acquiring an additional 476 shares during the period. Hedge funds and other institutional investors own 18.11% of the company’s stock.

Analyst Ratings Changes

ARLP has been the subject of a number of recent research reports. Benchmark restated a “buy” rating and set a $29.00 price target (up previously from $27.00) on shares of Alliance Resource Partners in a research note on Tuesday, February 4th. StockNews.com downgraded shares of Alliance Resource Partners from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Finally, 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.

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.