US Bancorp DE held its stake in Alliance Resource Partners, L.P. (NASDAQ:ARLP) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,780 shares of the energy company’s stock at the end of the second quarter. US Bancorp DE’s holdings in Alliance Resource Partners, L.P. were worth $128,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Sheaff Brock Investment Advisors LLC boosted 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 worth $201,000 after buying an additional 120 shares during the last quarter. Alliancebernstein L.P. acquired a new stake in Alliance Resource Partners, L.P. during the first quarter worth $210,000. Intrust Bank NA acquired a new stake in Alliance Resource Partners, L.P. during the first quarter worth $221,000. Private Advisor Group LLC acquired a new stake in Alliance Resource Partners, L.P. during the first quarter worth $222,000. Finally, Rational Advisors LLC acquired a new stake in Alliance Resource Partners, L.P. during the first quarter worth $271,000. 16.07% of the stock is currently owned by institutional investors and hedge funds.

Shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP) traded down 0.27% during mid-day trading on Tuesday, reaching $18.25. 26,377 shares of the company’s stock traded hands. Alliance Resource Partners, L.P. has a 12 month low of $17.65 and a 12 month high of $26.65.

Alliance Resource Partners, L.P. (NASDAQ:ARLP) last announced its quarterly earnings results on Monday, July 31st. The energy company reported $0.89 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $447.68 million. During the same period in the prior year, the firm posted $0.82 earnings per share. The company’s revenue for the quarter was down 9.2% on a year-over-year basis. Analysts predict that Alliance Resource Partners, L.P. will post $2.89 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, August 14th. Investors of record on Monday, August 7th were paid a $0.50 dividend. This is an increase from Alliance Resource Partners, L.P.’s previous quarterly dividend of $0.44. This represents a $2.00 dividend on an annualized basis and a yield of 10.93%. The ex-dividend date of this dividend was Thursday, August 3rd. Alliance Resource Partners, L.P.’s dividend payout ratio (DPR) is currently 48.43%.

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ARLP has been the topic of a number of analyst reports. ValuEngine cut shares of Alliance Resource Partners, L.P. from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 3rd. Zacks Investment Research raised shares of Alliance Resource Partners, L.P. from a “strong sell” rating to a “hold” rating in a research note on Friday. FBR & Co reissued 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 note on Tuesday, May 2nd. Finally, BidaskClub cut shares of Alliance Resource Partners, L.P. from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $26.93.

In related news, Director John P. Neafsey bought 10,000 shares of the stock in a transaction that occurred on Monday, August 7th. The shares were acquired at an average cost of $19.55 per share, with a total value of $195,500.00. Following the completion of the purchase, the director now directly owns 51,604 shares of the company’s stock, valued at approximately $1,008,858.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 44.03% of the company’s stock.

Alliance Resource Partners, L.P. Company Profile

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

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