Alliance Resource Partners, L.P. (NASDAQ:ARLP) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totalling 1,073,418 shares, an increase of 27.5% from the August 15th total of 841,683 shares. Based on an average trading volume of 249,321 shares, the days-to-cover ratio is presently 4.3 days. Approximately 2.5% of the shares of the company are short sold.

In other Alliance Resource Partners, L.P. news, VP Robert J. Fouch sold 17,000 shares of Alliance Resource Partners, L.P. stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $19.34, for a total transaction of $328,780.00. Following the completion of the sale, the vice president now owns 33,242 shares of the company’s stock, valued at approximately $642,900.28. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

A number of institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada raised its position in Alliance Resource Partners, L.P. by 0.5% in the second quarter. Royal Bank of Canada now owns 43,400 shares of the company’s stock valued at $684,000 after buying an additional 200 shares during the period. IFP Advisors Inc raised its position in Alliance Resource Partners, L.P. by 8.0% in the second quarter. IFP Advisors Inc now owns 8,763 shares of the company’s stock valued at $138,000 after buying an additional 651 shares during the period. Acrospire Investment Management LLC raised its position in Alliance Resource Partners, L.P. by 19.0% in the second quarter. Acrospire Investment Management LLC now owns 6,810 shares of the company’s stock valued at $107,000 after buying an additional 1,088 shares during the period. State Street Corp raised its position in Alliance Resource Partners, L.P. by 3.9% in the first quarter. State Street Corp now owns 39,863 shares of the company’s stock valued at $464,000 after buying an additional 1,492 shares during the period. Finally, Rathbone Brothers plc raised its position in Alliance Resource Partners, L.P. by 13.6% in the second quarter. Rathbone Brothers plc now owns 16,505 shares of the company’s stock valued at $260,000 after buying an additional 1,975 shares during the period.

Alliance Resource Partners, L.P. (NASDAQ:ARLP) opened at 21.46 on Wednesday. The stock has a market cap of $1.60 billion, a price-to-earnings ratio of 13.37 and a beta of 0.80. The firm’s 50 day moving average price is $20.25 and its 200-day moving average price is $16.23. Alliance Resource Partners, L.P. has a 1-year low of $9.95 and a 1-year high of $24.61.

Alliance Resource Partners, L.P. (NASDAQ:ARLP) last posted its earnings results on Tuesday, July 26th. The company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.55 by $0.27. The business earned $439.20 million during the quarter, compared to analysts’ expectations of $444.13 million. The business’s quarterly revenue was down 27.4% compared to the same quarter last year. During the same period last year, the company earned $0.76 EPS. On average, equities analysts anticipate that Alliance Resource Partners, L.P. will post $2.45 earnings per share for the current year.

A number of brokerages have commented on ARLP. Zacks Investment Research raised Alliance Resource Partners, L.P. from a “hold” rating to a “strong-buy” rating and set a $22.00 price target for the company in a research report on Monday, August 1st. FBR & Co lifted their price objective on Alliance Resource Partners, L.P. from $19.00 to $22.00 and gave the company an “outperform” rating in a research note on Monday, August 1st. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Alliance Resource Partners, L.P. presently has an average rating of “Buy” and an average target price of $22.50.

Alliance Resource Partners, L.P. Company Profile

Alliance Resource Partners, L.P. is a producer and marketer of coal primarily to the United States utilities and industrial users. The Company operates through segments, including Illinois Basin, Appalachia, and Other and Corporate. It operates over 10 underground mining complexes in Illinois, Indiana, Kentucky, Maryland and West Virginia.

5 Day Chart for NASDAQ:ARLP

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