Alliance Resource Partners L.P. [ARLP] Insider Activity: An Update for Investors


Alliance Resource Partners L.P.’s recently made public that its PRESIDENT AND CHIEF EXECUTIVE CRAFT JOSEPH W III acquired Company’s shares for reported $0.89 million on Mar 17. In the deal valued at $18.25 per share,48,741 shares were bought. As a result of this transaction, CRAFT JOSEPH W III now holds 18,631,398 shares worth roughly $ 370.95 million.

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Then, CRAFT JOSEPH W III bought 100,000 shares, generating $1,860,000 in total proceeds. Upon buying the shares at $18.60, the PRESIDENT AND CHIEF EXECUTIVE now owns 18,582,657 shares.

Noble Capital Markets initiated its Alliance Resource Partners L.P. [ARLP] rating to an Outperform in a research note published on Friday, March 30, 2022; the price target was $22. PT values the company’s stock at a premium of 9.5 to its Friday closing price.

Price Performance Review of ARLP

On Friday, Alliance Resource Partners L.P. [NASDAQ:ARLP] saw its stock fall -2.50% to $19.91. On the same session, the stock had its day’s lowest price of $19.55, but rose to a high of $20.15. Over the last five days, the stock has lost -1.68%. Alliance Resource Partners L.P. shares have fallen nearly -2.02% since the year began. Nevertheless, the stocks have fallen -24.41% over the past one year. While a 52-week high of $26.88 was reached on 02/01/23, a 52-week low of $17.05 was recorded on 05/31/23. SMA at 50 days reached $19.34, while 200 days put it at $20.10. A total of 1.29 million shares were traded, compared to the trading of 0.21 million shares in the previous session.

Levels Of Support And Resistance For ARLP Stock

The 24-hour chart illustrates a support level at 19.59, which if violated will result in even more drops to 19.27. On the upside, there is a resistance level at 20.19. A further resistance level may holdings at 20.47. The Relative Strength Index (RSI) on the 14-day chart is 51.24, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.15, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 56.84%. Stochastics %K at 78.52% indicates the stock is a holding.

How much short interest is there in Alliance Resource Partners L.P.?

A steep rise in short interest was recorded in Alliance Resource Partners L.P. stocks on Aug 14, 2023, dropping by -0.18 million shares to a total of 1.4 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 1.58 million shares. There was a decline of -12.86%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.55% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.67.

Alliance Resource Partners L.P. [ARLP] – Who Are The Largest Shareholders?

In filings from The Magnolia Group LLC, it is revealed that the company now owns 2,849,578 shares, or roughly 2.24% of the outstanding ARLP shares. In other words, the investor’s shares have risen by 158,000 from its previous 13-F filing of 2691578.0. Additionally, Bank of America, NA decreased -5.95% of its stake after which the total value it holdings stand at $47,676,827, while Progeny 3, Inc. added 9.90% of its stake to hold $45.69 million in the firm. Over the last quarter, JPMorgan Securities LLC purchased 132,474 shares of Alliance Resource Partners L.P., while Jackson Hole Capital Partners LLC bought 27,968 shares. At present, Natixis Investment Managers Inter is holding 1,269,500 shares valued at $25.29 million. Bienville Capital Management LLC owned 1,122,024 shares of the company at the time of its most recent 13F filing, worth $22.35 million.

According to FactSet, Alliance Resource Partners L.P.’s share price will average $28.67 in the next year, based on opinions of analysts polled by the firm. This is up nearly 37.12 percent from its previous closing price of $20.42. Analysts expect Alliance Resource Partners L.P. stock to reach the higher price of $32.00, while the lowest price estimate is $26.00. However, 3 analysts have rated ARLP stock as a Buy in their predictions for 2023.


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