Alliance Resource Partners, L.P. (NASDAQ:ARLP) Sees Significant Growth in Short Interest

Alliance Resource Partners, L.P. (NASDAQ:ARLP) was the target of a significant growth in short interest during the month of July. As of July 15th, there was short interest totalling 4,060,000 shares, a growth of 6.8% from the June 30th total of 3,800,000 shares. Based on an average daily trading volume, of 413,200 shares, the short-interest ratio is currently 9.8 days. Currently, 4.6% of the shares of the company are short sold.

Alliance Resource Partners Price Performance

NASDAQ ARLP traded down $0.36 on Tuesday, reaching $24.29. The company’s stock had a trading volume of 246,642 shares, compared to its average volume of 433,527. The firm has a market cap of $3.11 billion, a PE ratio of 5.33 and a beta of 1.15. The business has a 50-day moving average price of $24.44 and a 200 day moving average price of $22.08. Alliance Resource Partners has a 52 week low of $18.32 and a 52 week high of $26.21. The company has a current ratio of 2.08, a quick ratio of 1.54 and a debt-to-equity ratio of 0.18.

Alliance Resource Partners (NASDAQ:ARLP) last posted its earnings results on Monday, July 29th. The energy company reported $0.77 earnings per share for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.16). The business had revenue of $593.35 million during the quarter, compared to the consensus estimate of $624.72 million. Alliance Resource Partners had a net margin of 23.36% and a return on equity of 31.68%. During the same period in the previous year, the firm earned $1.30 EPS. Sell-side analysts expect that Alliance Resource Partners will post 3.72 EPS for the current year.

Alliance Resource Partners Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 14th. Investors of record on Wednesday, August 7th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, August 7th. This represents a $2.80 dividend on an annualized basis and a yield of 11.53%. Alliance Resource Partners’s payout ratio is currently 61.27%.

Institutional Trading of Alliance Resource Partners

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Magnolia Group LLC increased its stake in Alliance Resource Partners by 7.1% in the first quarter. Magnolia Group LLC now owns 3,443,871 shares of the energy company’s stock valued at $69,050,000 after acquiring an additional 229,700 shares during the period. Progeny 3 Inc. grew its stake in Alliance Resource Partners by 5.1% during the first quarter. Progeny 3 Inc. now owns 2,732,061 shares of the energy company’s stock worth $54,778,000 after buying an additional 132,630 shares during the last quarter. Jackson Hole Capital Partners LLC grew its stake in Alliance Resource Partners by 1.1% during the fourth quarter. Jackson Hole Capital Partners LLC now owns 1,949,324 shares of the energy company’s stock worth $41,287,000 after buying an additional 21,478 shares during the last quarter. Atlanta Consulting Group Advisors LLC bought a new stake in Alliance Resource Partners during the first quarter worth about $23,567,000. Finally, Goldman Sachs Group Inc. grew its stake in Alliance Resource Partners by 0.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 858,939 shares of the energy company’s stock worth $18,192,000 after buying an additional 7,870 shares during the last quarter. Institutional investors own 18.11% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on ARLP. StockNews.com raised shares of Alliance Resource Partners from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, April 30th. Benchmark upped their price objective on shares of Alliance Resource Partners from $25.00 to $26.00 and gave the company a “buy” rating in a research report on Tuesday.

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.