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

Alliance Resource Partners, L.P. (NASDAQ:ARLPGet Free Report) 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:ARLPGet Free Report) 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. initiated coverage on Alliance Resource Partners in a report on Saturday, August 19th. They set a “strong-buy” rating on the stock.

Read Our Latest Stock Analysis on Alliance Resource Partners

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

(Get Free Report)

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.

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