Alliance Resource Partners, LP (NASDAQ: ARLP) is 12.94% higher on its value in year-to-date trading and has touched a low of $18.32 and a high of $26.21 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ARLP stock was last observed hovering at around $23.92 in the last trading session, with the day’s loss setting it 0.0%.
Currently trading at $23.92, the stock is 1.81% and -1.72% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.15 million and changing 0.00% at the moment leaves the stock 8.78% off its SMA200. ARLP registered 17.49% gain for a year compared to 6-month gain of 27.17%.
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The stock witnessed a -3.35% loss in the last 1 month and extending the period to 3 months gives it a -2.92%, and is -0.54% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.88% over the week and 2.45% over the month.
Alliance Resource Partners, LP (ARLP) has around 3595 employees, a market worth around $3.06B and $2.51B in sales. Current P/E ratio is 5.92 and Fwd P/E is 6.58. Profit margin for the company is 20.55%. Distance from 52-week low is 30.57% and -8.74% from its 52-week high. The company has generated returns on investments over the last 12 months (21.59%).
The EPS is expected to shrink by -23.39% this year.
Alliance Resource Partners, LP (ARLP) Top Institutional Holders
169.0 institutions hold shares in Alliance Resource Partners, LP (ARLP), with institutional investors hold 26.17% of the company’s shares. The shares outstanding are 127.13M, and float is at 88.55M with Short Float at 4.84%. Institutions hold 18.38% of the Float.
The top institutional shareholder in the company is MAGNOLIA GROUP, LLC with over 3.44 million shares valued at $84.24 million. The investor’s holdings represent 2.6975% of the ARLP Shares outstanding. As of 2024-06-30, the second largest holder is PROGENY 3, INC. with 2.81 million shares valued at $$68.67 million to account for 2.1989 of the shares outstanding. The other top investors are BANK OF AMERICA CORP /DE/ which holds 2.16 million shares representing 1.6894% and valued at over $52.76 million, while JACKSON HOLE CAPITAL PARTNERS, LLC holds 1.5236 of the shares totaling 1.95 million with a market value of $47.58 million.
Alliance Resource Partners, LP (ARLP) Insider Activity
The most recent transaction is an insider sale by Mowry Kathleen,the company’s10% Owner. SEC filings show that Mowry Kathleen sold 34,492 shares of the company’s common stock on Dec 06 ’23 at a price of $20.05 per share for a total of $0.69 million. Following the sale, the insider now owns 16.17 million shares.
Alliance Resource Partners, LP disclosed in a document filed with the SEC on Dec 05 ’23 that Mowry Kathleen (10% Owner) sold a total of 33,087 shares of the company’s common stock. The trade occurred on Dec 05 ’23 and was made at $20.62 per share for $0.68 million. Following the transaction, the insider now directly holds 16.2 million shares of the ARLP stock.
Still, SEC filings show that on Dec 04 ’23, Mowry Kathleen (10% Owner) disposed off 19,826 shares at an average price of $21.06 for $0.42 million. The insider now directly holds 16,235,444 shares of Alliance Resource Partners, LP (ARLP).
