Alliance Resource Partners, L.P. (NASDAQ:ARLP) Short Interest Update

Alliance Resource Partners, L.P. (NASDAQ:ARLP) was the recipient of a significant decline in short interest during the month of November. As of November 15th, there was short interest totalling 3,080,000 shares, a decline of 9.9% from the October 31st total of 3,420,000 shares. Currently, 3.5% of the shares of the stock are short sold. Based on an average trading volume of 282,100 shares, the short-interest ratio is currently 10.9 days.

Alliance Resource Partners Trading Down 1.5 %

Shares of ARLP stock opened at $27.80 on Tuesday. Alliance Resource Partners has a twelve month low of $18.32 and a twelve month high of $29.44. The stock’s fifty day simple moving average is $26.00 and its 200 day simple moving average is $24.71. The company has a quick ratio of 1.69, a current ratio of 2.36 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $3.56 billion, a P/E ratio of 7.97 and a beta of 1.14.

Alliance Resource Partners (NASDAQ:ARLP) last released its quarterly earnings results on Monday, October 28th. The energy company reported $0.66 earnings per share 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 last year, the firm posted $1.18 earnings per share. As a group, sell-side analysts predict that Alliance Resource Partners will post 3.2 EPS for the current fiscal year.

Alliance Resource Partners Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Thursday, November 7th were given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 10.07%. The ex-dividend date of this dividend was Thursday, November 7th. Alliance Resource Partners’s dividend payout ratio (DPR) is currently 79.55%.

Hedge Funds Weigh In On Alliance Resource Partners

Large investors have recently modified their holdings of the business. Atlanta Consulting Group Advisors LLC acquired a new stake in Alliance Resource Partners in the third quarter valued at $29,144,000. Oppenheimer & Co. Inc. bought a new stake in shares of Alliance Resource Partners in the 2nd quarter valued at about $6,595,000. Progeny 3 Inc. increased its stake in shares of Alliance Resource Partners by 3.4% in the third quarter. Progeny 3 Inc. now owns 2,904,181 shares of the energy company’s stock valued at $72,605,000 after buying an additional 96,780 shares during the period. Recurrent Investment Advisors LLC raised its position in shares of Alliance Resource Partners by 6.2% during the third quarter. Recurrent Investment Advisors LLC now owns 1,145,145 shares of the energy company’s stock worth $28,629,000 after acquiring an additional 66,761 shares during the last quarter. Finally, Pathway Financial Advisers LLC raised its position in shares of Alliance Resource Partners by 2,400.0% during the third quarter. Pathway Financial Advisers LLC now owns 67,675 shares of the energy company’s stock worth $1,692,000 after acquiring an additional 64,968 shares during the last quarter. Institutional investors own 18.11% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. StockNews.com cut shares of Alliance Resource Partners from a “strong-buy” rating to a “buy” rating in a report on Friday, November 15th. Benchmark increased their price objective 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.

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.