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

Alliance Resource Partners, L.P. (NASDAQ:ARLP) saw unusually large options trading on Monday. Investors bought 942 put options on the company. This represents an increase of approximately 995% compared to the average daily volume of 86 put options.

Separately, Zacks Investment Research upgraded Alliance Resource Partners from a “sell” rating to a “hold” rating in a research report on Tuesday, April 13th.

Institutional investors have recently bought and sold shares of the stock. Exchange Capital Management Inc. bought a new position in shares of Alliance Resource Partners during the 4th quarter worth approximately $45,000. Jane Street Group LLC acquired a new stake in Alliance Resource Partners during the 4th quarter valued at $46,000. Nikulski Financial Inc. acquired a new stake in Alliance Resource Partners during the 4th quarter valued at $67,000. B. Riley Wealth Management Inc. increased its holdings in Alliance Resource Partners by 100.0% during the 4th quarter. B. Riley Wealth Management Inc. now owns 20,000 shares of the energy company’s stock valued at $90,000 after purchasing an additional 10,000 shares in the last quarter. Finally, Community Trust & Investment Co. acquired a new stake in Alliance Resource Partners during the 4th quarter valued at $94,000. Institutional investors and hedge funds own 12.25% of the company’s stock.

Alliance Resource Partners stock opened at $5.76 on Wednesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.96 and a quick ratio of 0.66. The company has a market capitalization of $732.64 million, a PE ratio of -5.24 and a beta of 1.78. Alliance Resource Partners has a one year low of $2.63 and a one year high of $6.68. The business has a 50 day simple moving average of $5.81 and a 200 day simple moving average of $4.89.

Alliance Resource Partners (NASDAQ:ARLP) last posted its earnings results on Sunday, January 31st. The energy company reported $0.27 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.19. The business had revenue of $366.51 million during the quarter, compared to the consensus estimate of $366.60 million. Alliance Resource Partners had a positive return on equity of 1.69% and a negative net margin of 9.78%. During the same quarter last year, the company earned $0.20 EPS. Equities analysts anticipate that Alliance Resource Partners will post 0.06 earnings per share for the current fiscal year.

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 three segments: Illinois Basin, Appalachia, and Minerals. It produces a range of thermal and metallurgical coal with sulfur and heat contents.

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