Alliance Resource Partners (NASDAQ:ARLP) Shares Gap Down – Here’s What Happened

Alliance Resource Partners, L.P. (NASDAQ:ARLP)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $26.66, but opened at $26.05. Alliance Resource Partners shares last traded at $26.39, with a volume of 31,016 shares trading hands.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on ARLP shares. Singular Research lowered Alliance Resource Partners from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, December 2nd. StockNews.com lowered Alliance Resource Partners from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 15th. Finally, Benchmark boosted their target price on 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 Stock Down 2.0 %

The business has a 50 day simple moving average of $26.36 and a 200 day simple moving average of $24.96. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.36 and a quick ratio of 1.69. The stock has a market cap of $3.34 billion, a PE ratio of 7.57 and a beta of 1.16.

Alliance Resource Partners (NASDAQ:ARLP) last issued its earnings results on Monday, October 28th. The energy company reported $0.66 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 analysts’ expectations 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 last year, the firm earned $1.18 EPS. On average, equities research analysts forecast that Alliance Resource Partners, L.P. will post 3.19 EPS for the current fiscal year.

Alliance Resource Partners Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Thursday, November 7th were paid a dividend of $0.70 per share. The ex-dividend date was Thursday, November 7th. This represents a $2.80 annualized dividend and a dividend yield of 10.72%. Alliance Resource Partners’s dividend payout ratio (DPR) is presently 79.55%.

Insider Transactions at Alliance Resource Partners

In related news, SVP Timothy J. Whelan sold 10,000 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $28.00, for a total transaction of $280,000.00. Following the completion of the sale, the senior vice president now owns 157,946 shares in the company, valued at $4,422,488. This represents a 5.95 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 16.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Alliance Resource Partners

Several hedge funds have recently added to or reduced their stakes in ARLP. Continuum Advisory LLC bought a new stake in Alliance Resource Partners during the 2nd quarter valued at approximately $27,000. Beacon Capital Management LLC boosted its stake in Alliance Resource Partners by 135.8% during the 2nd quarter. Beacon Capital Management LLC now owns 1,462 shares of the energy company’s stock valued at $36,000 after purchasing an additional 842 shares during the period. Eastern Bank acquired a new position in Alliance Resource Partners in the 3rd quarter valued at approximately $72,000. SG Americas Securities LLC acquired a new position in Alliance Resource Partners in the 2nd quarter valued at approximately $171,000. Finally, Integrated Wealth Concepts LLC acquired a new position in Alliance Resource Partners in the 3rd quarter valued at approximately $206,000. Institutional investors own 18.11% of the company’s stock.

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.