Alliance Resource Partners (NASDAQ:ARLP) Stock Price Down 5.5%

Alliance Resource Partners, L.P. (NASDAQ:ARLP) shares fell 5.5% on Tuesday . The stock traded as low as $8.77 and last traded at $8.77. 1,828 shares changed hands during trading, a decline of 100% from the average session volume of 524,500 shares. The stock had previously closed at $9.28.

Separately, TheStreet upgraded shares of Alliance Resource Partners from a “c” rating to a “b-” rating in a research report on Monday, July 26th.

The company has a debt-to-equity ratio of 0.38, a current ratio of 1.28 and a quick ratio of 0.92. The company’s 50-day moving average price is $8.24 and its two-hundred day moving average price is $6.95. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of 8.68 and a beta of 1.80.

Alliance Resource Partners (NASDAQ:ARLP) last posted its quarterly earnings data on Sunday, July 25th. The energy company reported $0.34 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.13. The company had revenue of $362.44 million during the quarter. Alliance Resource Partners had a net margin of 9.34% and a return on equity of 12.02%.

The business also recently announced a quarterly dividend, which was paid on Friday, August 13th. Investors of record on Friday, August 6th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 4.42%. The ex-dividend date was Thursday, August 5th.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Magnolia Group LLC boosted its stake in Alliance Resource Partners by 5.5% during the second quarter. Magnolia Group LLC now owns 5,363,324 shares of the energy company’s stock worth $38,670,000 after acquiring an additional 277,599 shares in the last quarter. Bank of Montreal Can boosted its stake in Alliance Resource Partners by 938.2% during the first quarter. Bank of Montreal Can now owns 383,500 shares of the energy company’s stock worth $2,270,000 after acquiring an additional 346,562 shares in the last quarter. First Manhattan Co. boosted its stake in Alliance Resource Partners by 20.9% during the first quarter. First Manhattan Co. now owns 365,000 shares of the energy company’s stock worth $2,117,000 after acquiring an additional 63,100 shares in the last quarter. Fairbanks Capital Management Inc. boosted its stake in Alliance Resource Partners by 35.1% during the second quarter. Fairbanks Capital Management Inc. now owns 318,648 shares of the energy company’s stock worth $2,297,000 after acquiring an additional 82,762 shares in the last quarter. Finally, Full Sail Capital LLC bought a new position in Alliance Resource Partners during the second quarter worth $1,365,000. 17.33% of the stock is currently owned by institutional investors and hedge funds.

Alliance Resource Partners Company Profile (NASDAQ:ARLP)

Alliance Resource Partners LP is a natural resource company, which produces and markets coal to United States utilities and industrial users. It operates through the following segments: Illinois Basin, Appalachia, Minerals, and Other & Corporate. The Illinois Basin segment is comprised of Webster County coal’s Dotiki mining complex, Gibson mining complex, which includes the Gibson north mine and the Gibson south project, Hopkins County coal’s Elk Creek mining complex, White County coal’s Pattiki mining complex, Warrior’s mining complex, River View’s mining complex, the Sebree property and certain properties of Alliance Resource Properties and ARP Sebree LLC.

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