Alliance Resource Partners, L.P. (NASDAQ:ARLP) Short Interest Update

Alliance Resource Partners, L.P. (NASDAQ:ARLP) was the recipient of a large decline in short interest in September. As of September 30th, there was short interest totalling 3,520,000 shares, a decline of 8.1% from the September 15th total of 3,830,000 shares. Currently, 4.0% of the company’s stock are sold short. Based on an average daily trading volume, of 280,200 shares, the days-to-cover ratio is presently 12.6 days.

Alliance Resource Partners Stock Performance

Shares of Alliance Resource Partners stock opened at $24.97 on Friday. The firm has a market cap of $3.20 billion, a PE ratio of 5.46 and a beta of 1.13. The firm’s 50-day simple moving average is $24.07 and its 200-day simple moving average is $23.60. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.80 and a current ratio of 2.53. Alliance Resource Partners has a 1 year low of $18.32 and a 1 year high of $26.21.

Alliance Resource Partners (NASDAQ:ARLP) last issued its earnings results on Monday, July 29th. The energy company reported $0.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.16). The company had revenue of $593.35 million during the quarter, compared to analyst estimates of $624.72 million. Alliance Resource Partners had a net margin of 21.04% and a return on equity of 27.54%. During the same quarter last year, the company posted $1.30 EPS. Equities analysts forecast that Alliance Resource Partners will post 3.56 earnings per share for the current fiscal year.

Alliance Resource Partners Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Wednesday, August 7th were paid a $0.70 dividend. The ex-dividend date of this dividend was Wednesday, August 7th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 11.22%. Alliance Resource Partners’s dividend payout ratio (DPR) is presently 61.27%.

Analysts Set New Price Targets

A number of equities analysts have commented on ARLP shares. Benchmark boosted their price objective on shares of Alliance Resource Partners from $25.00 to $26.00 and gave the stock a “buy” rating in a report on Tuesday, July 30th. StockNews.com lowered shares of Alliance Resource Partners from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 31st.

Institutional Investors Weigh In On Alliance Resource Partners

A number of institutional investors have recently modified their holdings of ARLP. Prevail Innovative Wealth Advisors LLC bought a new stake in shares of Alliance Resource Partners during the 1st quarter valued at about $3,566,000. Creative Planning grew its position in shares of Alliance Resource Partners by 89.8% during the 2nd quarter. Creative Planning now owns 72,099 shares of the energy company’s stock valued at $1,764,000 after buying an additional 34,106 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of Alliance Resource Partners by 0.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 858,939 shares of the energy company’s stock valued at $18,192,000 after buying an additional 7,870 shares during the last quarter. Commonwealth Equity Services LLC grew its position in shares of Alliance Resource Partners by 36.5% during the 1st quarter. Commonwealth Equity Services LLC now owns 53,357 shares of the energy company’s stock valued at $1,070,000 after buying an additional 14,255 shares during the last quarter. Finally, J.W. Cole Advisors Inc. grew its position in shares of Alliance Resource Partners by 18.4% during the 1st quarter. J.W. Cole Advisors Inc. now owns 20,102 shares of the energy company’s stock valued at $403,000 after buying an additional 3,131 shares during the last quarter. Institutional investors and hedge funds own 18.11% of the company’s stock.

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 four segments: Illinois Basin Coal Operations, Appalachia Coal Operations, Oil & Gas Royalties, and Coal Royalties.