Timothy J. Whelan Sells 50,000 Shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP) Stock

Alliance Resource Partners, L.P. (NASDAQ:ARLP) SVP Timothy J. Whelan sold 50,000 shares of Alliance Resource Partners stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $25.13, for a total transaction of $1,256,500.00. Following the sale, the senior vice president now owns 93,850 shares in the company, valued at $2,358,450.50. This represents a 34.76 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Alliance Resource Partners Stock Up 2.5 %

Shares of NASDAQ:ARLP opened at $26.16 on Thursday. The firm has a market cap of $3.36 billion, a PE ratio of 9.48 and a beta of 1.09. The company has a fifty day simple moving average of $26.77 and a 200 day simple moving average of $26.04. The company has a current ratio of 2.36, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. Alliance Resource Partners, L.P. has a 12-month low of $19.65 and a 12-month high of $30.56.

Alliance Resource Partners (NASDAQ:ARLP) last released its earnings results on Monday, February 3rd. The energy company reported $0.22 earnings per share 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, equities research analysts anticipate that Alliance Resource Partners, L.P. will post 2.72 EPS for the current fiscal year.

Alliance Resource Partners Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 10.70%. The ex-dividend date of this dividend was Friday, February 7th. Alliance Resource Partners’s dividend payout ratio is presently 101.45%.

Analysts Set New Price Targets

A number of research firms recently weighed in on ARLP. StockNews.com lowered shares of Alliance Resource Partners from a “buy” rating to a “hold” rating in a report on Wednesday, February 5th. Singular Research lowered Alliance Resource Partners from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, December 2nd. Finally, Benchmark reissued a “buy” rating and issued a $29.00 price target (up previously from $27.00) on shares of Alliance Resource Partners in a report on Tuesday, February 4th.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in ARLP. Progeny 3 Inc. raised its position in shares of Alliance Resource Partners by 1.3% during the 4th quarter. Progeny 3 Inc. now owns 2,942,211 shares of the energy company’s stock valued at $77,351,000 after acquiring an additional 38,030 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Alliance Resource Partners by 2.5% during the fourth quarter. JPMorgan Chase & Co. now owns 1,815,453 shares of the energy company’s stock worth $47,728,000 after purchasing an additional 44,636 shares during the period. Recurrent Investment Advisors LLC lifted its position in shares of Alliance Resource Partners by 0.5% in the 4th quarter. Recurrent Investment Advisors LLC now owns 1,151,070 shares of the energy company’s stock worth $30,262,000 after buying an additional 5,925 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Alliance Resource Partners in the 4th quarter valued at about $14,564,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Alliance Resource Partners by 4.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 284,228 shares of the energy company’s stock valued at $7,472,000 after buying an additional 13,316 shares during the last quarter. Institutional investors and hedge funds own 18.11% of the company’s stock.

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.