Morgan Stanley cut its stake in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP) by 25.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 498,592 shares of the energy company’s stock after selling 172,766 shares during the period. Morgan Stanley’s holdings in Alliance Resource Partners, L.P. were worth $10,794,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Sheaff Brock Investment Advisors LLC increased its stake in Alliance Resource Partners, L.P. by 1.3% in the first quarter. Sheaff Brock Investment Advisors LLC now owns 9,284 shares of the energy company’s stock valued at $201,000 after buying an additional 120 shares in the last quarter. Alliancebernstein L.P. bought a new stake in Alliance Resource Partners, L.P. during the first quarter worth about $210,000. Intrust Bank NA bought a new stake in Alliance Resource Partners, L.P. during the first quarter worth about $221,000. Private Advisor Group LLC bought a new stake in Alliance Resource Partners, L.P. during the first quarter worth about $222,000. Finally, Rational Advisors LLC bought a new stake in Alliance Resource Partners, L.P. during the first quarter worth about $271,000. 28.35% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP) traded up 0.27% during mid-day trading on Friday, reaching $18.55. 412,535 shares of the company’s stock were exchanged. Alliance Resource Partners, L.P. has a one year low of $18.05 and a one year high of $26.65.

Alliance Resource Partners, L.P. (NASDAQ:ARLP) last released its quarterly earnings data on Monday, July 31st. The energy company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.09. Alliance Resource Partners, L.P. had a net margin of 19.47% and a return on equity of 34.60%. The firm had revenue of $398.72 million for the quarter, compared to analysts’ expectations of $447.68 million. During the same quarter in the previous year, the company earned $0.82 earnings per share. The company’s revenue for the quarter was down 9.2% compared to the same quarter last year. Analysts predict that Alliance Resource Partners, L.P. will post $2.89 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, August 14th. Stockholders of record on Monday, August 7th were paid a dividend of $0.50 per share. This is a positive change from Alliance Resource Partners, L.P.’s previous quarterly dividend of $0.44. The ex-dividend date was Thursday, August 3rd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 10.78%. Alliance Resource Partners, L.P.’s payout ratio is presently 48.43%.

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ARLP has been the subject of a number of research analyst reports. FBR & Co restated an “outperform” rating and set a $29.00 price objective (up previously from $27.00) on shares of Alliance Resource Partners, L.P. in a report on Tuesday, May 2nd. BidaskClub upgraded Alliance Resource Partners, L.P. from a “strong sell” rating to a “sell” rating in a report on Thursday, June 29th. Zacks Investment Research cut Alliance Resource Partners, L.P. from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Finally, ValuEngine cut Alliance Resource Partners, L.P. from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 22nd. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Alliance Resource Partners, L.P. currently has an average rating of “Buy” and an average price target of $26.93.

In related news, Director John P. Neafsey bought 10,000 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were purchased at an average price of $19.55 per share, with a total value of $195,500.00. Following the purchase, the director now owns 51,604 shares of the company’s stock, valued at approximately $1,008,858.20. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 44.03% of the company’s stock.

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.

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

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