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

Alliance Resource Partners, L.P. (NASDAQ:ARLP - Get Free Report) SVP Timothy J. Whelan sold 50,000 shares of the stock in a transaction on 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 transaction, the senior vice president now owns 93,850 shares in the company, valued at $2,358,450.50. The trade was a 34.76 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Alliance Resource Partners Price Performance

NASDAQ:ARLP traded down $0.43 during trading hours on Friday, hitting $26.25. The company's stock had a trading volume of 176,864 shares, compared to its average volume of 343,212. The stock has a fifty day simple moving average of $26.76 and a 200-day simple moving average of $26.06. The company has a market capitalization of $3.37 billion, a P/E ratio of 9.51 and a beta of 1.09. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.36 and a quick ratio of 1.69. Alliance Resource Partners, L.P. has a twelve month low of $19.65 and a twelve month high of $30.56.

Alliance Resource Partners (NASDAQ:ARLP - Get Free Report) last released its quarterly earnings data 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 net margin of 14.74% and a return on equity of 19.09%. On average, analysts anticipate that Alliance Resource Partners, L.P. will post 2.72 EPS for the current fiscal year.

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Alliance Resource Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 10.67%. The ex-dividend date of this dividend was Friday, February 7th. Alliance Resource Partners's dividend payout ratio (DPR) is presently 101.45%.

Institutional Trading of Alliance Resource Partners

Several large investors have recently bought and sold shares of the business. Steward Partners Investment Advisory LLC acquired a new stake in shares of Alliance Resource Partners during the fourth quarter valued at about $26,000. USA Financial Formulas acquired a new stake in shares of Alliance Resource Partners during the fourth quarter valued at about $33,000. Summit Securities Group LLC boosted its stake in shares of Alliance Resource Partners by 350.0% during the fourth 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 in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Alliance Resource Partners by 223.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,406 shares of the energy company's stock valued at $90,000 after purchasing an additional 2,353 shares in the last quarter. Finally, State of Wyoming acquired a new stake in shares of Alliance Resource Partners during the fourth quarter valued at about $105,000. 18.11% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Singular Research lowered Alliance Resource Partners from a "strong-buy" rating to a "moderate buy" rating in a report on Monday, December 2nd. StockNews.com lowered Alliance Resource Partners from a "buy" rating to a "hold" rating in a report on Wednesday, February 5th. Finally, Benchmark reissued a "buy" rating and set a $29.00 target price (up from $27.00) on shares of Alliance Resource Partners in a report on Tuesday, February 4th.

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.