Short Interest in Alliance Resource Partners, L.P. (NASDAQ:ARLP) Declines By 9.9%

Alliance Resource Partners, L.P. (NASDAQ:ARLP - Get Free Report) saw a large decrease in short interest during the month of November. As of November 15th, there was short interest totalling 3,080,000 shares, a decrease of 9.9% from the October 31st total of 3,420,000 shares. Based on an average trading volume of 282,100 shares, the days-to-cover ratio is presently 10.9 days. Currently, 3.5% of the company's shares are short sold.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. StockNews.com cut shares of Alliance Resource Partners from a "strong-buy" rating to a "buy" rating in a research note on Friday, November 15th. Benchmark upped their price target on Alliance Resource Partners from $26.00 to $27.00 and gave the stock a "buy" rating in a research note on Tuesday, October 29th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in ARLP. Continuum Advisory LLC bought a new position in Alliance Resource Partners during the 2nd quarter valued at $27,000. Beacon Capital Management LLC increased its stake in shares of Alliance Resource Partners by 135.8% in the second 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. Cove Street Capital LLC acquired a new stake in Alliance Resource Partners in the second quarter worth about $49,000. Mather Group LLC. acquired a new position in shares of Alliance Resource Partners during the second quarter valued at approximately $51,000. Finally, Eastern Bank acquired a new stake in shares of Alliance Resource Partners in the third quarter valued at $72,000. 18.11% of the stock is owned by institutional investors and hedge funds.

Alliance Resource Partners Trading Up 1.0 %

Shares of Alliance Resource Partners stock traded up $0.27 during trading hours on Friday, hitting $28.23. The company's stock had a trading volume of 112,990 shares, compared to its average volume of 443,316. The business has a fifty day moving average of $26.00 and a 200 day moving average of $24.70. Alliance Resource Partners has a 1-year low of $18.32 and a 1-year high of $29.44. 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 company has a market capitalization of $3.62 billion, a PE ratio of 8.02 and a beta of 1.14.

Alliance Resource Partners (NASDAQ:ARLP - Get Free Report) last released its quarterly earnings data on Monday, October 28th. The energy company reported $0.66 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.16). Alliance Resource Partners had a net margin of 18.52% and a return on equity of 23.74%. The company had revenue of $613.57 million during the quarter, compared to analysts' expectations of $646.17 million. During the same period last year, the business earned $1.18 earnings per share. As a group, equities analysts forecast that Alliance Resource Partners will post 3.2 EPS for the current year.

Alliance Resource Partners Announces Dividend

The company also recently disclosed 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 9.92%. The ex-dividend date was Thursday, November 7th. Alliance Resource Partners's dividend payout ratio (DPR) is 79.55%.

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.