Alliance Resource Partners, L.P. (NASDAQ:ARLP) was in 4 hedge funds’ portfolio at the end of March. ARLP has experienced a decrease in support from the world’s most elite money managers in recent months. There were 5 hedge funds in our database with ARLP positions at the end of the previous quarter.
In today’s marketplace, there are many gauges shareholders can use to analyze publicly traded companies. Some of the best are hedge fund and insider trading interest. At Insider Monkey, our research analyses have shown that, historically, those who follow the top picks of the top investment managers can trounce the broader indices by a superb amount (see just how much).
Just as key, optimistic insider trading activity is another way to break down the financial markets. As the old adage goes: there are a number of stimuli for a bullish insider to get rid of shares of his or her company, but just one, very obvious reason why they would buy. Various empirical studies have demonstrated the valuable potential of this method if you understand what to do (learn more here).
Consequently, we’re going to take a peek at the latest action regarding Alliance Resource Partners, L.P. (NASDAQ:ARLP).
What does the smart money think about Alliance Resource Partners, L.P. (NASDAQ:ARLP)?
In preparation for this quarter, a total of 4 of the hedge funds we track were long in this stock, a change of -20% from the previous quarter. With hedgies’ positions undergoing their usual ebb and flow, there exists a select group of noteworthy hedge fund managers who were increasing their stakes substantially.
When looking at the hedgies we track, Chuck Royce’s Royce & Associates had the largest position in Alliance Resource Partners, L.P. (NASDAQ:ARLP), worth close to $17.7 million, comprising 0.1% of its total 13F portfolio. The second largest stake is held by Matthew Hulsizer of PEAK6 Capital Management, with a $2 million call position; less than 0.1%% of its 13F portfolio is allocated to the stock. Remaining hedge funds that are bullish include Jim Simons’s Renaissance Technologies, Matthew Hulsizer’s PEAK6 Capital Management and Ken Griffin’s Citadel Investment Group.
Due to the fact that Alliance Resource Partners, L.P. (NASDAQ:ARLP) has witnessed declining sentiment from the smart money, it’s easy to see that there lies a certain “tier” of hedge funds who were dropping their positions entirely at the end of the first quarter. Intriguingly, Brian Kelly’s Asian Century Quest cut the largest stake of the 450+ funds we key on, comprising about $6.5 million in stock. These bearish behaviors are important to note, as total hedge fund interest fell by 1 funds at the end of the first quarter.
How are insiders trading Alliance Resource Partners, L.P. (NASDAQ:ARLP)?
Insider buying is at its handiest when the company we’re looking at has seen transactions within the past 180 days. Over the latest 180-day time frame, Alliance Resource Partners, L.P. (NASDAQ:ARLP) has seen 1 unique insiders purchasing, and 2 insider sales (see the details of insider trades here).
Let’s also review hedge fund and insider activity in other stocks similar to Alliance Resource Partners, L.P. (NASDAQ:ARLP). These stocks are Titanium Metals Corp (NYSE:TIE), Compass Minerals International, Inc. (NYSE:CMP), Natural Resource Partners LP (NYSE:NRP), Tahoe Resources Inc (NYSE:TAHO), and PVR Partners LP (NYSE:PVR). This group of stocks are the members of the industrial metals & minerals industry and their market caps are closest to ARLP’s market cap.
