Alliancebernstein L.P. increased its holdings in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP) by 5.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,284 shares of the energy company’s stock after acquiring an additional 576 shares during the period. Alliancebernstein L.P.’s holdings in Alliance Resource Partners, L.P. were worth $194,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. IFP Advisors Inc boosted its position in shares of Alliance Resource Partners, L.P. by 2.8% during the 2nd quarter. IFP Advisors Inc now owns 13,729 shares of the energy company’s stock valued at $259,000 after acquiring an additional 373 shares in the last quarter. Pinnacle Financial Partners Inc. acquired a new stake in shares of Alliance Resource Partners, L.P. during the 2nd quarter valued at about $291,000. Sei Investments Co. boosted its position in shares of Alliance Resource Partners, L.P. by 1,513.5% during the 2nd quarter. Sei Investments Co. now owns 21,088 shares of the energy company’s stock valued at $399,000 after acquiring an additional 19,781 shares in the last quarter. Algert Global LLC boosted its position in shares of Alliance Resource Partners, L.P. by 0.8% during the 2nd quarter. Algert Global LLC now owns 59,305 shares of the energy company’s stock valued at $1,121,000 after acquiring an additional 470 shares in the last quarter. Finally, Bank of Montreal Can boosted its position in shares of Alliance Resource Partners, L.P. by 3,264.5% during the 2nd quarter. Bank of Montreal Can now owns 67,289 shares of the energy company’s stock valued at $1,272,000 after acquiring an additional 65,289 shares in the last quarter. Institutional investors and hedge funds own 14.58% of the company’s stock.

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ARLP has been the topic of several recent research reports. Zacks Investment Research upgraded shares of Alliance Resource Partners, L.P. from a “hold” rating to a “strong-buy” rating and set a $22.00 target price on the stock in a research report on Monday, October 9th. ValuEngine lowered shares of Alliance Resource Partners, L.P. from a “buy” rating to a “hold” rating in a research report on Friday, September 8th. BidaskClub lowered shares of Alliance Resource Partners, L.P. from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. FBR & Co set a $30.00 target price on shares of Alliance Resource Partners, L.P. and gave the company a “buy” rating in a research report on Tuesday, October 31st. Finally, B. Riley reiterated a “buy” rating on shares of Alliance Resource Partners, L.P. in a research report on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $26.12.

Alliance Resource Partners, L.P. (NASDAQ ARLP) opened at $18.70 on Tuesday. The company has a market cap of $2,476.84, a PE ratio of 4.97 and a beta of 0.78. Alliance Resource Partners, L.P. has a 12-month low of $17.65 and a 12-month high of $25.95. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.82 and a quick ratio of 0.53.

Alliance Resource Partners, L.P. (NASDAQ:ARLP) last released its quarterly earnings results on Monday, October 30th. The energy company reported $0.52 EPS for the quarter, missing the Zacks’ consensus estimate of $0.65 by ($0.13). The firm had revenue of $453.19 million during the quarter, compared to analyst estimates of $474.34 million. Alliance Resource Partners, L.P. had a net margin of 18.96% and a return on equity of 31.11%. Alliance Resource Partners, L.P.’s quarterly revenue was down 17.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.91 earnings per share. equities research analysts predict that Alliance Resource Partners, L.P. will post 2.95 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 14th. Shareholders of record on Tuesday, November 7th will be given a $0.505 dividend. The ex-dividend date of this dividend is Monday, November 6th. This is a positive change from Alliance Resource Partners, L.P.’s previous quarterly dividend of $0.50. This represents a $2.02 dividend on an annualized basis and a yield of 10.80%. Alliance Resource Partners, L.P.’s payout ratio is 54.01%.

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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