Adams Asset Advisors LLC raised its stake in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP) by 1.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 278,635 shares of the company’s stock after buying an additional 4,786 shares during the period. Alliance Resource Partners, L.P. comprises about 0.9% of Adams Asset Advisors LLC’s investment portfolio, making the stock its 17th largest position. Adams Asset Advisors LLC owned about 0.37% of Alliance Resource Partners, L.P. worth $6,180,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Magnolia Group LLC increased its stake in Alliance Resource Partners, L.P. by 0.9% in the second quarter. Magnolia Group LLC now owns 1,811,536 shares of the company’s stock valued at $28,550,000 after buying an additional 16,000 shares during the period. JPMorgan Chase & Co. increased its stake in Alliance Resource Partners, L.P. by 72.9% in the second quarter. JPMorgan Chase & Co. now owns 788,315 shares of the company’s stock valued at $12,424,000 after buying an additional 332,460 shares during the period. Acadian Asset Management LLC increased its stake in Alliance Resource Partners, L.P. by 123.1% in the second quarter. Acadian Asset Management LLC now owns 442,706 shares of the company’s stock valued at $6,976,000 after buying an additional 244,309 shares during the period. GSA Capital Partners LLP increased its stake in Alliance Resource Partners, L.P. by 41.4% in the second quarter. GSA Capital Partners LLP now owns 432,682 shares of the company’s stock valued at $6,819,000 after buying an additional 126,595 shares during the period. Finally, Van ECK Associates Corp increased its stake in Alliance Resource Partners, L.P. by 3.4% in the second quarter. Van ECK Associates Corp now owns 311,787 shares of the company’s stock valued at $4,914,000 after buying an additional 10,133 shares during the period.

Institutional Ownership by Quarter for Alliance Resource Partners, L.P. (NASDAQ:ARLP)

Alliance Resource Partners, L.P. (NASDAQ:ARLP) traded up 3.33% during midday trading on Monday, hitting $23.25. 309,871 shares of the stock traded hands. Alliance Resource Partners, L.P. has a 1-year low of $9.95 and a 1-year high of $26.65. The company has a 50-day moving average of $0.00 and a 200-day moving average of $0.00.

Alliance Resource Partners, L.P. (NASDAQ:ARLP) last posted its earnings results on Friday, October 28th. The company reported $0.91 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.18. The business earned $552.10 million during the quarter, compared to the consensus estimate of $488.49 million. The business’s revenue was down 2.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.61 earnings per share. On average, equities analysts anticipate that Alliance Resource Partners, L.P. will post $2.85 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, November 14th. Shareholders of record on Monday, November 7th were given a $0.4375 dividend. This represents a $1.75 annualized dividend and a yield of 7.78%. The ex-dividend date was Thursday, November 3rd.

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Several equities research analysts recently issued reports on ARLP shares. FBR & Co lifted their price target on shares of Alliance Resource Partners, L.P. from $19.00 to $22.00 and gave the stock an “outperform” rating in a research note on Monday, August 1st. Zacks Investment Research raised shares of Alliance Resource Partners, L.P. from a “hold” rating to a “strong-buy” rating and set a $22.00 price target on the stock in a research note on Monday, August 1st. Seaport Global Securities started coverage on shares of Alliance Resource Partners, L.P. in a research note on Monday, October 31st. They set a “buy” rating and a $29.00 price target on the stock. Finally, TheStreet raised shares of Alliance Resource Partners, L.P. from a “hold” rating to a “buy” rating in a research note on Friday, October 28th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $23.83.

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. It operates over 10 underground mining complexes in Illinois, Indiana, Kentucky, Maryland and West Virginia.

5 Day Chart for NASDAQ:ARLP

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