Alliance Resource Partners, L.P. (NASDAQ:ARLP) shares reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $9.34 and last traded at $9.42, with a volume of 12873 shares changing hands. The stock had previously closed at $9.93.
ARLP has been the topic of a number of research reports. BidaskClub lowered Alliance Resource Partners from a “hold” rating to a “sell” rating in a report on Friday. B. Riley set a $20.00 price objective on Alliance Resource Partners and gave the stock a “hold” rating in a report on Friday, October 25th. Finally, Zacks Investment Research lowered Alliance Resource Partners from a “buy” rating to a “hold” rating in a research report on Tuesday, December 31st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. Alliance Resource Partners currently has a consensus rating of “Hold” and a consensus target price of $20.75.
The stock’s 50-day moving average price is $10.88 and its 200 day moving average price is $14.58. The firm has a market cap of $1.27 billion, a P/E ratio of 2.91 and a beta of 0.86. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.10 and a quick ratio of 0.73.
In other Alliance Resource Partners news, CAO Robert J. Fouch acquired 5,000 shares of Alliance Resource Partners stock in a transaction dated Wednesday, October 30th. The stock was bought at an average cost of $10.95 per share, for a total transaction of $54,750.00. Following the purchase, the chief accounting officer now directly owns 55,137 shares in the company, valued at approximately $603,750.15. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 44.03% of the company’s stock.
Several large investors have recently added to or reduced their stakes in ARLP. TCI Wealth Advisors Inc. bought a new stake in Alliance Resource Partners in the 3rd quarter valued at $81,000. Moors & Cabot Inc. acquired a new stake in shares of Alliance Resource Partners during the 3rd quarter worth $160,000. CWM Advisors LLC grew its holdings in shares of Alliance Resource Partners by 36.3% during the 4th quarter. CWM Advisors LLC now owns 16,254 shares of the energy company’s stock worth $176,000 after purchasing an additional 4,326 shares in the last quarter. Moody National Bank Trust Division acquired a new stake in shares of Alliance Resource Partners during the 3rd quarter worth $209,000. Finally, Advantage Investment Management LLC increased its position in shares of Alliance Resource Partners by 6.9% in the third quarter. Advantage Investment Management LLC now owns 15,375 shares of the energy company’s stock worth $246,000 after purchasing an additional 989 shares during the period. 21.72% of the stock is currently owned by institutional investors and hedge funds.
About Alliance Resource Partners (NASDAQ:ARLP)
Alliance Resource Partners, L.P. produces and markets coal primarily to utilities and industrial users in the United States. The company operates through two segments, Illinois Basin and Appalachia. It produces a range of steam and metallurgical coal with sulfur and heat contents. The company operates eight underground mining complexes in Illinois, Indiana, Kentucky, Maryland, and West Virginia.
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