Rep. Virginia Foxx Purchases Shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP)

Representative Virginia Foxx (R-North Carolina) recently bought shares of Alliance Resource Partners, L.P. NASDAQ: ARLP. In a filing disclosed on December 11th, the Representative disclosed that they had bought between $1,001 and $15,000 in Alliance Resource Partners stock on November 14th.

Representative Virginia Foxx also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Hercules Capital NYSE: HTGC on 11/20/2024.
• Purchased $1,001 - $15,000 in shares of Energy Transfer NYSE: ET on 11/19/2024.
• Purchased $15,001 - $50,000 in shares of Hercules Capital NYSE: HTGC on 10/23/2024.
• Purchased $1,001 - $15,000 in shares of Ellington Financial NYSE: EFC on 9/30/2024.

Alliance Resource Partners Stock Performance

Shares of NASDAQ ARLP traded up $0.45 during midday trading on Friday, hitting $26.66. The company's stock had a trading volume of 387,600 shares, compared to its average volume of 381,230. The firm has a market capitalization of $3.41 billion, a price-to-earnings ratio of 7.57 and a beta of 1.16. The company has a current ratio of 2.36, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. The stock has a fifty day moving average price of $26.36 and a 200 day moving average price of $24.94. Alliance Resource Partners, L.P. has a one year low of $18.32 and a one year high of $29.44.

Alliance Resource Partners (NASDAQ:ARLP - Get Free Report) last announced its quarterly earnings results on Monday, October 28th. The energy company reported $0.66 earnings per share 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 quarter last year, the firm posted $1.18 earnings per share. On average, 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 company also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Thursday, November 7th were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 10.50%. The ex-dividend date was Thursday, November 7th. Alliance Resource Partners's dividend payout ratio (DPR) is currently 79.55%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in ARLP. Tidal Investments LLC raised its stake in Alliance Resource Partners by 1.2% during the third quarter. Tidal Investments LLC now owns 34,283 shares of the energy company's stock valued at $857,000 after buying an additional 391 shares during the last quarter. Optimist Retirement Group LLC boosted its stake in Alliance Resource Partners by 1.8% in the 3rd quarter. Optimist Retirement Group LLC now owns 93,462 shares of the energy company's stock worth $2,337,000 after purchasing an additional 1,691 shares in the last quarter. Recurrent Investment Advisors LLC increased its stake in Alliance Resource Partners by 6.2% during the 3rd quarter. Recurrent Investment Advisors LLC now owns 1,145,145 shares of the energy company's stock valued at $28,629,000 after purchasing an additional 66,761 shares in the last quarter. NFC Investments LLC lifted its stake in shares of Alliance Resource Partners by 2.5% in the third quarter. NFC Investments LLC now owns 69,800 shares of the energy company's stock worth $1,745,000 after buying an additional 1,700 shares in the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new stake in shares of Alliance Resource Partners during the third quarter valued at approximately $206,000. Institutional investors own 18.11% of the company's stock.

Wall Street Analyst Weigh In

ARLP has been the topic of a number of recent analyst reports. Benchmark raised their target price on shares of Alliance Resource Partners from $26.00 to $27.00 and gave the company a "buy" rating in a research note on Tuesday, October 29th. StockNews.com cut shares of Alliance Resource Partners from a "strong-buy" rating to a "buy" rating in a research report on Friday, November 15th. Finally, Singular Research downgraded shares of Alliance Resource Partners from a "strong-buy" rating to a "moderate buy" rating in a report on Monday, December 2nd.

Insider Activity at Alliance Resource Partners

In related news, SVP Timothy J. Whelan sold 10,000 shares of the company's stock in a transaction 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 approximately $4,422,488. This represents a 5.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 16.80% of the stock is owned by insiders.

About Representative Foxx

Virginia Foxx (Republican Party) is a member of the U.S. House, representing North Carolina's 5th Congressional District. She assumed office on January 3, 2005. Her current term ends on January 3, 2025. Foxx (Republican Party) is running for re-election to the U.S. House to represent North Carolina's 5th Congressional District. She declared candidacy for the 2024 election. Prior to her election to the U.S. House, Foxx served as a member of the North Carolina State Senate as well as deputy secretary for management for North Carolina. Foxx was born in New York, New York. She earned a B.A. and M.A.C.T. from the University of North Carolina, Chapel Hill, in 1968 and 1972, respectively, and an Ed.D. from the University of North Carolina, Greensboro, in 1985. Foxx worked as an instructor at Caldwell Community College in Hudson, NC, and an instructor and assistant dean at Appalachian State University in Boone, NC. She owned a landscape nursery and served as Deputy Secretary for Management at the North Carolina Department of Administration.

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.