Insider Buying: Alliance Resource Partners (NASDAQ:ARLP) Director Acquires $78,330.00 in Stock

Alliance Resource Partners, L.P. (NASDAQ:ARLP) Director Ronna Mcdaniel bought 3,000 shares of the stock in a transaction dated Friday, July 31st. The shares were bought at an average cost of $26.11 per share, with a total value of $78,330.00. Following the completion of the acquisition, the director directly owned 3,000 shares of the company’s stock, valued at approximately $78,330. The trade was a ? increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Alliance Resource Partners Stock Performance

Shares of Alliance Resource Partners stock traded up $0.09 on Tuesday, reaching $26.21. 80,981 shares of the company were exchanged, compared to its average volume of 370,519. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.95 and a current ratio of 1.46. The company’s 50-day moving average is $24.79 and its two-hundred day moving average is $25.58. The firm has a market cap of $3.37 billion, a price-to-earnings ratio of 12.79 and a beta of 0.22. Alliance Resource Partners, L.P. has a 1-year low of $22.20 and a 1-year high of $29.45.

Alliance Resource Partners (NASDAQ:ARLP) last announced its quarterly earnings results on Monday, July 27th. The energy company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.01). Alliance Resource Partners had a return on equity of 17.61% and a net margin of 12.25%.The company had revenue of $551.56 million during the quarter, compared to the consensus estimate of $554.30 million. As a group, research analysts expect 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. Shareholders of record on Friday, August 7th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 9.2%. The ex-dividend date is Friday, August 7th. Alliance Resource Partners’s dividend payout ratio (DPR) is presently 117.07%.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of ARLP. Summit Securities Group LLC acquired a new position in shares of Alliance Resource Partners during the first quarter valued at $28,000. IFC & Insurance Marketing Inc. acquired a new stake in Alliance Resource Partners in the fourth quarter worth about $35,000. Smartleaf Asset Management LLC acquired a new stake in Alliance Resource Partners in the fourth quarter worth about $35,000. Sound Income Strategies LLC bought a new position in Alliance Resource Partners in the 4th quarter valued at about $36,000. Finally, Northwestern Mutual Wealth Management Co. grew its position in Alliance Resource Partners by 135.0% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 1,523 shares of the energy company’s stock valued at $39,000 after buying an additional 875 shares in the last quarter. Institutional investors own 18.11% of the company’s stock.

About Alliance Resource Partners

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.