Alliance Resource Partners Target of Unusually High Options Trading (NASDAQ:ARLP)

Alliance Resource Partners, L.P. (NASDAQ:ARLP - Get Free Report) saw unusually large options trading on Tuesday. Traders bought 3,410 call options on the company. This is an increase of approximately 243% compared to the average volume of 994 call options.

Insiders Place Their Bets

In other news, SVP Timothy J. Whelan sold 50,000 shares of Alliance Resource Partners 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 completion of the sale, the senior vice president now directly owns 93,850 shares of the company's stock, valued at approximately $2,358,450.50. This trade represents a 34.76 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 16.80% of the company's stock.

Institutional Investors Weigh In On Alliance Resource Partners

A number of institutional investors have recently added to or reduced their stakes in ARLP. Raymond James Financial Inc. acquired a new position in shares of Alliance Resource Partners during the fourth quarter worth $14,564,000. Castalian Partners LLC acquired a new position in shares of Alliance Resource Partners in the fourth quarter worth approximately $3,353,000. GraniteShares Advisors LLC acquired a new stake in Alliance Resource Partners during the 4th quarter valued at approximately $2,493,000. Orvieto Partners L.P. acquired a new stake in shares of Alliance Resource Partners during the fourth quarter worth $2,070,000. Finally, Horizon Kinetics Asset Management LLC bought a new position in Alliance Resource Partners during the fourth quarter worth $1,440,000. 18.11% of the stock is owned by institutional investors.

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Alliance Resource Partners Stock Performance

Shares of ARLP stock traded down $0.29 on Friday, hitting $26.06. The company's stock had a trading volume of 766,366 shares, compared to its average volume of 370,482. The company has a market capitalization of $3.35 billion, a PE ratio of 9.44 and a beta of 0.62. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 2.36. The stock's 50 day moving average is $26.17 and its 200-day moving average is $26.39. Alliance Resource Partners has a fifty-two week low of $20.59 and a fifty-two week high of $30.56.

Alliance Resource Partners (NASDAQ:ARLP - Get Free Report) last posted its quarterly earnings results on Monday, February 3rd. The energy company reported $0.22 earnings per share for the quarter, missing analysts' consensus estimates of $0.60 by ($0.38). Alliance Resource Partners had a net margin of 14.74% and a return on equity of 19.09%. Equities research analysts expect that Alliance Resource Partners will post 2.72 earnings per share for the current fiscal year.

Alliance Resource Partners Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. StockNews.com lowered shares of Alliance Resource Partners from a "buy" rating to a "hold" rating in a report on Wednesday, February 5th. Benchmark reaffirmed a "buy" rating and set a $29.00 price objective (up from $27.00) on shares of Alliance Resource Partners in a research 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.