ValuEngine downgraded shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP) from a buy rating to a hold rating in a research note issued to investors on Friday.

A number of other analysts have also recently commented on ARLP. BidaskClub raised Alliance Resource Partners, L.P. from a strong sell rating to a sell rating in a research report on Tuesday, June 13th. Zacks Investment Research cut Alliance Resource Partners, L.P. from a hold rating to a sell rating in a research report on Tuesday, July 4th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of $26.93.

Alliance Resource Partners, L.P. (NASDAQ:ARLP) opened at 18.10 on Friday. Alliance Resource Partners, L.P. has a 12-month low of $17.65 and a 12-month high of $26.65. The firm has a 50-day moving average price of $18.93 and a 200-day moving average price of $20.93. The company has a market cap of $2.37 billion, a P/E ratio of 4.37 and a beta of 0.69.

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

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The business also recently disclosed a quarterly dividend, which was paid on Monday, August 14th. Stockholders of record on Monday, August 7th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 11.05%. The ex-dividend date was Thursday, August 3rd. This is a boost from Alliance Resource Partners, L.P.’s previous quarterly dividend of $0.44. Alliance Resource Partners, L.P.’s payout ratio is 48.43%.

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

Several hedge funds have recently modified their holdings of the company. IFP Advisors Inc lifted its holdings in shares of Alliance Resource Partners, L.P. by 2.8% in the 2nd quarter. IFP Advisors Inc now owns 13,729 shares of the energy company’s stock valued at $259,000 after buying an additional 373 shares during the period. Algert Global LLC lifted its holdings in shares of Alliance Resource Partners, L.P. by 0.8% in the 2nd quarter. Algert Global LLC now owns 59,305 shares of the energy company’s stock valued at $1,121,000 after buying an additional 470 shares during the period. Alliancebernstein L.P. lifted its holdings in shares of Alliance Resource Partners, L.P. by 5.9% in the 2nd quarter. Alliancebernstein L.P. now owns 10,284 shares of the energy company’s stock valued at $194,000 after buying an additional 576 shares during the period. Global X Management Co. LLC lifted its holdings in shares of Alliance Resource Partners, L.P. by 3.8% in the 1st quarter. Global X Management Co. LLC now owns 15,801 shares of the energy company’s stock valued at $342,000 after buying an additional 579 shares during the period. Finally, QS Investors LLC lifted its holdings in shares of Alliance Resource Partners, L.P. by 19.3% in the 2nd quarter. QS Investors LLC now owns 13,112 shares of the energy company’s stock valued at $248,000 after buying an additional 2,117 shares during the period. 16.07% of the stock is owned by institutional investors and hedge funds.

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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