Alliance Resource Partners (NASDAQ:ARLP) Stock Price Up 8.5% - Still a Buy?

Alliance Resource Partners, L.P. (NASDAQ:ARLP - Get Free Report) traded up 8.5% during mid-day trading on Tuesday . The stock traded as high as $26.84 and last traded at $26.76. 166,124 shares traded hands during mid-day trading, a decline of 54% from the average session volume of 358,647 shares. The stock had previously closed at $24.67.

Analyst Ratings Changes

A number of research analysts recently weighed in on ARLP shares. StockNews.com lowered shares of Alliance Resource Partners from a "buy" rating to a "hold" rating in a research report on Wednesday, February 5th. Benchmark restated a "buy" rating and issued a $29.00 target price (up previously from $27.00) on shares of Alliance Resource Partners in a research note on Tuesday, February 4th.

Alliance Resource Partners Stock Down 1.1 %

The company has a market capitalization of $3.35 billion, a P/E ratio of 9.44 and a beta of 0.62. The stock has a 50 day moving average price of $26.17 and a 200 day moving average price of $26.39. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 2.36.

Alliance Resource Partners (NASDAQ:ARLP - Get Free Report) last announced its quarterly earnings data on Monday, February 3rd. The energy company reported $0.22 EPS 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%. Equities research analysts forecast that Alliance Resource Partners, L.P. will post 2.72 earnings per share for the current fiscal year.

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Alliance Resource Partners Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 10.74%. The ex-dividend date of this dividend was Friday, February 7th. Alliance Resource Partners's dividend payout ratio is currently 101.45%.

Insider Activity

In related news, SVP Timothy J. Whelan sold 50,000 shares of the business's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $25.13, for a total value of $1,256,500.00. Following the sale, the senior vice president now directly owns 93,850 shares in the company, valued at approximately $2,358,450.50. The trade was a 34.76 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 16.80% of the company's stock.

Hedge Funds Weigh In On Alliance Resource Partners

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ARLP. Steward Partners Investment Advisory LLC bought a new position in Alliance Resource Partners in the 4th quarter worth approximately $26,000. USA Financial Formulas purchased a new position in shares of Alliance Resource Partners in the fourth quarter valued at $33,000. Summit Securities Group LLC raised its stake in shares of Alliance Resource Partners by 350.0% during the 4th quarter. Summit Securities Group LLC now owns 1,800 shares of the energy company's stock valued at $47,000 after purchasing an additional 1,400 shares during the period. Tower Research Capital LLC TRC lifted its holdings in Alliance Resource Partners by 223.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,406 shares of the energy company's stock worth $90,000 after purchasing an additional 2,353 shares in the last quarter. Finally, State of Wyoming bought a new position in Alliance Resource Partners in the 4th quarter worth about $105,000. Institutional investors 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.