Alliance Resource Partners (NASDAQ:ARLP) Reaches New 12-Month Low - What's Next?

Alliance Resource Partners, L.P. (NASDAQ:ARLP - Get Free Report) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $26.28 and last traded at $26.45, with a volume of 447872 shares traded. The stock had previously closed at $27.07.

Analyst Upgrades and Downgrades

ARLP has been the topic of a number of research analyst reports. Benchmark reiterated a "buy" rating and issued a $29.00 target price on shares of Alliance Resource Partners in a research note on Tuesday, April 29th. StockNews.com upgraded Alliance Resource Partners from a "hold" rating to a "buy" rating in a research note on Sunday.

Alliance Resource Partners Stock Down 0.4 %

The stock has a market capitalization of $3.48 billion, a P/E ratio of 9.83 and a beta of 0.52. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.36 and a quick ratio of 1.69. The stock has a fifty day moving average price of $26.21 and a 200 day moving average price of $26.61.

Alliance Resource Partners (NASDAQ:ARLP - Get Free Report) last issued its earnings results on Monday, April 28th. The energy company reported $0.60 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.03). Alliance Resource Partners had a return on equity of 19.09% and a net margin of 14.74%. The company had revenue of $540.47 million during the quarter, compared to the consensus estimate of $556.31 million. On average, research analysts forecast that Alliance Resource Partners, L.P. will post 2.72 earnings per share for the current year.

Alliance Resource Partners Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 8th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 10.33%. The ex-dividend date is Thursday, May 8th. Alliance Resource Partners's dividend payout ratio (DPR) is presently 132.08%.

Insiders Place Their Bets

In other news, SVP Timothy J. Whelan sold 50,000 shares of the company's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $25.13, for a total value of $1,256,500.00. Following the transaction, the senior vice president now owns 93,850 shares of the company's stock, valued at approximately $2,358,450.50. This represents a 34.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 16.80% of the company's stock.

Hedge Funds Weigh In On Alliance Resource Partners

A number of institutional investors have recently added to or reduced their stakes in ARLP. Farther Finance Advisors LLC boosted its position in shares of Alliance Resource Partners by 321.3% during the 1st quarter. Farther Finance Advisors LLC now owns 969 shares of the energy company's stock valued at $26,000 after acquiring an additional 739 shares during the last quarter. Steward Partners Investment Advisory LLC bought a new stake in Alliance Resource Partners during the fourth quarter valued at approximately $26,000. USA Financial Formulas purchased a new position in Alliance Resource Partners in the 4th quarter worth approximately $33,000. Summit Securities Group LLC increased its holdings in shares of Alliance Resource Partners by 350.0% in the 4th quarter. Summit Securities Group LLC now owns 1,800 shares of the energy company's stock worth $47,000 after buying an additional 1,400 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its position in shares of Alliance Resource Partners by 223.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,406 shares of the energy company's stock valued at $90,000 after buying an additional 2,353 shares in the last quarter. 18.11% of the stock is currently owned by institutional investors.

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.