American Financial Group Inc. lowered its position in Alliance Resource Partners, L.P. (NASDAQ:ARLP) by 22.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 153,380 shares of the company’s stock after selling 43,321 shares during the period. American Financial Group Inc.’s holdings in Alliance Resource Partners, L.P. were worth $3,402,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Royal Bank of Canada raised its stake in shares of Alliance Resource Partners, L.P. by 0.5% in the second quarter. Royal Bank of Canada now owns 43,400 shares of the company’s stock worth $684,000 after buying an additional 200 shares in the last quarter. IFP Advisors Inc raised its stake in shares of Alliance Resource Partners, L.P. by 8.0% in the second quarter. IFP Advisors Inc now owns 8,763 shares of the company’s stock worth $138,000 after buying an additional 651 shares in the last quarter. Global X Management Co. LLC raised its stake in shares of Alliance Resource Partners, L.P. by 4.8% in the third quarter. Global X Management Co. LLC now owns 14,333 shares of the company’s stock worth $318,000 after buying an additional 651 shares in the last quarter. Acrospire Investment Management LLC raised its stake in shares of Alliance Resource Partners, L.P. by 19.0% in the second quarter. Acrospire Investment Management LLC now owns 6,810 shares of the company’s stock worth $107,000 after buying an additional 1,088 shares in the last quarter. Finally, Rathbone Brothers plc raised its stake in shares of Alliance Resource Partners, L.P. by 7.5% in the third quarter. Rathbone Brothers plc now owns 17,745 shares of the company’s stock worth $394,000 after buying an additional 1,240 shares in the last quarter.

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

Shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP) traded up 2.80% on Tuesday, hitting $23.90. The company had a trading volume of 408,343 shares. Alliance Resource Partners, L.P. has a 12 month low of $9.95 and a 12 month 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 released its quarterly earnings data on Friday, October 28th. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.18. The business had revenue of $552.10 million for the quarter, compared to analyst estimates of $488.49 million. Alliance Resource Partners, L.P.’s revenue was down 2.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.61 EPS. Equities analysts expect that Alliance Resource Partners, L.P. will post $2.85 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 14th. Investors of record on Monday, November 7th were paid a dividend of $0.4375 per share. The ex-dividend date was Thursday, November 3rd. This represents a $1.75 annualized dividend and a yield of 7.32%.

ILLEGAL ACTIVITY NOTICE: This piece was originally published by Daily Political and is owned by of Daily Political. If you are viewing this piece on another website, it was illegally copied and reposted in violation of international copyright legislation. The legal version of this piece can be read at http://www.dailypolitical.com/2016/11/29/alliance-resource-partners-l-p-arlp-shares-sold-by-american-financial-group-inc.html.

A number of brokerages have weighed in on ARLP. TheStreet raised Alliance Resource Partners, L.P. from a “hold” rating to a “buy” rating in a report on Friday, October 28th. Seaport Global Securities assumed coverage on 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. FBR & Co boosted their price target on Alliance Resource Partners, L.P. from $22.00 to $24.00 and gave the stock an “outperform” rating in a research note on Thursday, October 13th. Finally, Zacks Investment Research raised Alliance Resource Partners, L.P. from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research note on Tuesday, October 11th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Alliance Resource Partners, L.P. has an average rating of “Buy” and an average price target 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

Want to see what other hedge funds are holding ARLP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alliance Resource Partners, L.P. (NASDAQ:ARLP).

Receive News & Ratings for Alliance Resource Partners L.P. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alliance Resource Partners L.P. and related companies with MarketBeat.com's FREE daily email newsletter.