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

Alliance Resource Partners, L.P. (NASDAQ:ARLP) was the recipient of a significant growth in short interest in August. As of August 31st, there was short interest totalling 1,480,000 shares, a growth of 5.7% from the August 15th total of 1,400,000 shares. Currently, 1.7% of the company’s shares are sold short. Based on an average daily volume of 452,000 shares, the short-interest ratio is currently 3.3 days.

Alliance Resource Partners Stock Up 1.0 %

ARLP stock traded up $0.20 during mid-day trading on Tuesday, hitting $21.13. 138,957 shares of the company were exchanged, compared to its average volume of 481,453. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.16 and a current ratio of 2.68. Alliance Resource Partners has a 1-year low of $17.05 and a 1-year high of $25.47. The firm’s 50 day simple moving average is $19.69 and its 200 day simple moving average is $19.40. The firm has a market cap of $2.69 billion, a P/E ratio of 3.74 and a beta of 1.33.

Alliance Resource Partners (NASDAQ:ARLP) last issued its quarterly earnings data on Monday, July 31st. The energy company reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.03. The company had revenue of $641.84 million during the quarter, compared to the consensus estimate of $662.11 million. Alliance Resource Partners had a net margin of 28.04% and a return on equity of 44.74%. During the same quarter in the prior year, the firm earned $1.23 earnings per share. On average, sell-side analysts predict that Alliance Resource Partners will post 5.5 EPS for the current fiscal year.

Alliance Resource Partners Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, August 14th. Shareholders of record on Monday, August 7th were paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 13.25%. The ex-dividend date was Friday, August 4th. Alliance Resource Partners’s dividend payout ratio is 49.73%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on ARLP shares. Benchmark reissued a “buy” rating and issued a $28.00 price target on shares of Alliance Resource Partners in a report on Tuesday, August 1st. StockNews.com initiated coverage on Alliance Resource Partners in a report on Saturday, August 19th. They set a “strong-buy” rating on the stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Wells Fargo & Company MN raised its position in Alliance Resource Partners by 11.0% in the 2nd quarter. Wells Fargo & Company MN now owns 17,854 shares of the energy company’s stock valued at $330,000 after buying an additional 1,769 shares during the last quarter. Jaffetilchin Investment Partners LLC acquired a new stake in shares of Alliance Resource Partners in the second quarter valued at approximately $265,000. State of Tennessee Treasury Department bought a new stake in shares of Alliance Resource Partners in the second quarter worth $514,000. Formidable Asset Management LLC acquired a new position in Alliance Resource Partners during the second quarter worth $464,000. Finally, Prevail Innovative Wealth Advisors LLC bought a new position in Alliance Resource Partners in the second quarter valued at $2,955,000. 19.58% of the stock is owned by institutional investors and hedge funds.

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.