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

Alliance Resource Partners, L.P. (NASDAQ:ARLP) was the recipient of a large decline in short interest in September. As of September 15th, there was short interest totalling 3,830,000 shares, a decline of 7.5% from the August 31st total of 4,140,000 shares. Based on an average daily volume of 300,100 shares, the days-to-cover ratio is presently 12.8 days. Currently, 4.3% of the company’s stock are short sold.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ARLP. Benchmark upped their price target on shares of Alliance Resource Partners from $25.00 to $26.00 and gave the stock a “buy” rating in a research note on Tuesday, July 30th. StockNews.com cut Alliance Resource Partners from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 31st.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Continuum Advisory LLC bought a new stake in Alliance Resource Partners during the second quarter valued at about $27,000. Beacon Capital Management LLC boosted its stake in Alliance Resource Partners by 135.8% in the 2nd quarter. Beacon Capital Management LLC now owns 1,462 shares of the energy company’s stock worth $36,000 after purchasing an additional 842 shares during the period. FinTrust Capital Advisors LLC purchased a new stake in Alliance Resource Partners during the 4th quarter valued at approximately $42,000. Cove Street Capital LLC purchased a new position in Alliance Resource Partners during the second quarter valued at $49,000. Finally, Mather Group LLC. bought a new stake in Alliance Resource Partners in the 2nd quarter valued at $51,000. Institutional investors own 18.11% of the company’s stock.

Alliance Resource Partners Trading Up 0.2 %

NASDAQ:ARLP opened at $25.00 on Tuesday. The company has a market cap of $3.20 billion, a PE ratio of 5.47 and a beta of 1.13. The company has a current ratio of 2.53, a quick ratio of 1.80 and a debt-to-equity ratio of 0.24. The company has a 50 day simple moving average of $23.87 and a two-hundred day simple moving average of $23.17. Alliance Resource Partners has a 12 month low of $18.32 and a 12 month high of $26.21.

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

Alliance Resource Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Wednesday, August 7th were given a dividend of $0.70 per share. The ex-dividend date was Wednesday, August 7th. This represents a $2.80 annualized dividend and a dividend yield of 11.20%. Alliance Resource Partners’s payout ratio is 61.27%.

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.