Alliance Resource Partners (NASDAQ:ARLP) Director Ronna Mcdaniel Acquires 3,000 Shares

Alliance Resource Partners, L.P. (NASDAQ:ARLP) Director Ronna Mcdaniel acquired 3,000 shares of the business’s stock in a transaction on Friday, July 31st. The shares were purchased at an average price of $26.11 per share, with a total value of $78,330.00. Following the transaction, the director owned 3,000 shares in the company, valued at $78,330. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Alliance Resource Partners Price Performance

Shares of NASDAQ:ARLP opened at $25.73 on Wednesday. Alliance Resource Partners, L.P. has a 12 month low of $22.20 and a 12 month high of $29.45. The firm has a market capitalization of $3.31 billion, a price-to-earnings ratio of 12.55 and a beta of 0.22. The business’s 50 day simple moving average is $24.80 and its 200-day simple moving average is $25.59. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.46 and a quick ratio of 0.95.

Alliance Resource Partners (NASDAQ:ARLP) last released its quarterly earnings results on Monday, July 27th. The energy company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). The company had revenue of $551.56 million during the quarter, compared to analyst estimates of $554.30 million. Alliance Resource Partners had a return on equity of 17.61% and a net margin of 12.25%. As a group, equities analysts forecast that Alliance Resource Partners, L.P. will post 2.65 earnings per share for the current fiscal year.

Alliance Resource Partners Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, August 7th will be given a $0.60 dividend. The ex-dividend date of this dividend is Friday, August 7th. This represents a $2.40 annualized dividend and a dividend yield of 9.3%. Alliance Resource Partners’s dividend payout ratio (DPR) is currently 117.07%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Zacks Research raised Alliance Resource Partners from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 8th. Weiss Ratings raised Alliance Resource Partners from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Alliance Resource Partners has an average rating of “Buy” and an average price target of $30.00.

Institutional Investors Weigh In On Alliance Resource Partners

Several hedge funds and other institutional investors have recently modified their holdings of ARLP. Dayah Capital LLC bought a new position in shares of Alliance Resource Partners during the first quarter worth about $1,825,000. SteelPeak Wealth LLC acquired a new position in shares of Alliance Resource Partners in the 1st quarter worth approximately $1,397,000. Mizuho Markets Americas LLC bought a new stake in shares of Alliance Resource Partners in the 1st quarter valued at approximately $6,830,000. Energy Income Partners LLC increased its holdings in shares of Alliance Resource Partners by 145.9% in the 1st quarter. Energy Income Partners LLC now owns 737,328 shares of the energy company’s stock valued at $20,387,000 after acquiring an additional 437,486 shares during the last quarter. Finally, BCS Wealth Management raised its position in shares of Alliance Resource Partners by 102.8% during the 4th quarter. BCS Wealth Management now owns 52,220 shares of the energy company’s stock valued at $1,213,000 after acquiring an additional 26,473 shares in the last quarter. Institutional investors own 18.11% of the company’s stock.

Alliance Resource Partners Company Profile

Alliance Resource Partners, L.P. (NASDAQ: ARLP) is a Tulsa, Oklahoma–based master limited partnership engaged in the production, marketing and transportation of bituminous coal. Through its subsidiaries, the company develops, owns and operates surface and underground coal mines, providing fuel primarily for electric power generation and various industrial applications. Alliance’s integrated business model covers the extraction of raw coal, processing at preparation plants and delivery to domestic and export customers.

The partnership operates multiple mining complexes across Illinois, Indiana, Kentucky and West Virginia.