Alliance Resource Partners, L.P. (NASDAQ:ARLP) Director John P. Neafsey purchased 10,000 shares of the company’s stock in a transaction dated Monday, August 7th. The shares were acquired at an average price of $19.55 per share, with a total value of $195,500.00. Following the transaction, the director now owns 51,604 shares in the company, valued at approximately $1,008,858.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Alliance Resource Partners, L.P. (ARLP) traded down 1.30% during mid-day trading on Tuesday, reaching $19.05. The company had a trading volume of 201,389 shares. Alliance Resource Partners, L.P. has a 1-year low of $18.15 and a 1-year high of $26.65. The company has a market cap of $1.42 billion, a P/E ratio of 4.59 and a beta of 0.68.

Alliance Resource Partners, L.P. (NASDAQ:ARLP) last issued its quarterly earnings results on Monday, July 31st. The energy company reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.09. Alliance Resource Partners, L.P. had a return on equity of 35.17% and a net margin of 19.47%. The firm had revenue of $398.72 million for the quarter, compared to the consensus estimate of $447.68 million. During the same period in the prior year, the business posted $0.82 earnings per share. The company’s revenue for the quarter was down 9.2% on a year-over-year basis. On average, equities analysts predict that Alliance Resource Partners, L.P. will post $3.36 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 14th. Stockholders of record on Monday, August 7th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 10.36%. This is an increase from Alliance Resource Partners, L.P.’s previous quarterly dividend of $0.44. The ex-dividend date is Thursday, August 3rd. Alliance Resource Partners, L.P.’s dividend payout ratio is presently 48.43%.

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Several large investors have recently modified their holdings of the company. Acadian Asset Management LLC increased its stake in shares of Alliance Resource Partners, L.P. by 27.2% in the second quarter. Acadian Asset Management LLC now owns 1,600,029 shares of the energy company’s stock valued at $30,239,000 after buying an additional 341,842 shares during the last quarter. Magnolia Group LLC increased its stake in shares of Alliance Resource Partners, L.P. by 38.7% in the first quarter. Magnolia Group LLC now owns 1,079,078 shares of the energy company’s stock valued at $23,362,000 after buying an additional 301,248 shares during the last quarter. Tiedemann Wealth Management LLC increased its stake in shares of Alliance Resource Partners, L.P. by 380.2% in the first quarter. Tiedemann Wealth Management LLC now owns 308,077 shares of the energy company’s stock valued at $6,670,000 after buying an additional 243,925 shares during the last quarter. Foundry Partners LLC acquired a new stake in shares of Alliance Resource Partners, L.P. during the second quarter valued at $3,689,000. Finally, Wells Fargo & Company MN increased its stake in shares of Alliance Resource Partners, L.P. by 386.7% in the first quarter. Wells Fargo & Company MN now owns 168,938 shares of the energy company’s stock valued at $3,658,000 after buying an additional 134,229 shares during the last quarter. Hedge funds and other institutional investors own 26.25% of the company’s stock.

A number of analysts have recently issued reports on ARLP shares. Zacks Investment Research upgraded Alliance Resource Partners, L.P. from a “sell” rating to a “hold” rating in a research report on Monday, April 10th. BidaskClub upgraded Alliance Resource Partners, L.P. from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th. FBR & Co restated an “outperform” rating and issued a $29.00 target price (up previously from $27.00) on shares of Alliance Resource Partners, L.P. in a research report on Tuesday, May 2nd. Finally, ValuEngine downgraded Alliance Resource Partners, L.P. from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 3rd. Two analysts have rated the stock with a sell rating, one has given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $26.93.

About Alliance Resource Partners, L.P.

Alliance Resource Partners, L.P. is a producer and marketer of coal primarily to the United States utilities and industrial users. The Company operates through segments, including Illinois Basin, Appalachia, and Other and Corporate. The Illinois Basin segment consists of various operating segments, including Webster County Coal, LLC’s Dotiki mining complex, Gibson County Coal, LLC’s mining complex, which includes the Gibson North mine and Gibson South mine, Hopkins County Coal, LLC’s mining complex, which includes the Elk Creek mine, the Pleasant View surface mineable reserves and the Fies property, White County Coal, LLC’s, Pattiki mining complex, Warrior Coal, LLC’s mining complex, Sebree Mining, LLC’s mining complex, which includes the Onton mine and River View Coal, LLC mining complex.

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