Shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP) rose 2.7% on Friday . The stock traded as high as $19.83 and last traded at $19.56, with a volume of 223,165 shares. The stock had previously closed at $19.05.

ARLP has been the topic of several research reports. Zacks Investment Research cut Alliance Resource Partners, L.P. from a “buy” rating to a “hold” rating in a report on Monday, July 4th. FBR & Co boosted their price target on Alliance Resource Partners, L.P. from $19.00 to $22.00 and gave the stock an “outperform” rating in a report on Monday, August 1st. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $22.50.

The company has a market cap of $1.48 billion and a P/E ratio of 12.41. The company has a 50-day moving average price of $17.78 and a 200-day moving average price of $14.56.

Alliance Resource Partners, L.P. (NASDAQ:ARLP) last issued its quarterly earnings data on Tuesday, July 26th. The company reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.27. During the same period last year, the company posted $0.76 EPS. The company had revenue of $439.20 million for the quarter, compared to analysts’ expectations of $444.13 million. The business’s revenue for the quarter was down 27.4% on a year-over-year basis. On average, equities research analysts predict that Alliance Resource Partners, L.P. will post $2.45 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, August 12th. Shareholders of record on Friday, August 5th were issued a $0.4375 dividend. The ex-dividend date of this dividend was Wednesday, August 3rd. This represents a $1.75 annualized dividend and a dividend yield of 8.79%.

In other Alliance Resource Partners, L.P. news, VP Robert J. Fouch sold 17,000 shares of the firm’s stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $19.34, for a total value of $328,780.00. Following the sale, the vice president now owns 33,242 shares of the company’s stock, valued at approximately $642,900.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Several hedge funds have added to or reduced their stakes in the stock. Magnolia Group LLC acquired a new stake in Alliance Resource Partners, L.P. during the fourth quarter valued at $22,519,000. Marshall Wace LLP acquired a new stake in Alliance Resource Partners, L.P. during the fourth quarter valued at $2,493,000. Finally, Morgan Stanley boosted its stake in Alliance Resource Partners, L.P. by 75.1% in the fourth quarter. Morgan Stanley now owns 878,997 shares of the company’s stock valued at $11,858,000 after buying an additional 377,083 shares during the last quarter.

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.