Alliance Resource Partners, L.P. (NASDAQ:ARLP) shares were down 3.6% during mid-day trading on Tuesday . The stock traded as low as $19.93 and last traded at $19.93, with a volume of 150,852 shares. The stock had previously closed at $20.68.

Several research analysts recently issued reports on ARLP shares. FBR & Co raised their target price on shares of Alliance Resource Partners, L.P. from $18.00 to $19.00 and gave the stock an “outperform” rating in a report on Monday, May 2nd. Zacks Investment Research cut shares of Alliance Resource Partners, L.P. from a “buy” rating to a “hold” rating in a report on Thursday, May 5th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $22.50.

The stock has a market capitalization of $1.47 billion and a P/E ratio of 12.34. The firm’s 50-day moving average price is $18.23 and its 200-day moving average price is $14.70.

Alliance Resource Partners, L.P. (NASDAQ:ARLP) last issued its earnings results on Tuesday, July 26th. The company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.27. The company earned $439.20 million during the quarter, compared to analyst estimates of $444.13 million. The company’s quarterly revenue was down 27.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.76 EPS. Equities analysts expect that Alliance Resource Partners, L.P. will post $2.45 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, August 12th. Stockholders of record on Friday, August 5th were issued a $0.4375 dividend. This represents a $1.75 annualized dividend and a dividend yield of 8.83%. The ex-dividend date was Wednesday, August 3rd.

In other news, VP Robert J. Fouch sold 17,000 shares of the company’s stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $19.34, for a total value of $328,780.00. Following the completion of the transaction, the vice president now owns 33,242 shares in the company, valued at approximately $642,900.28. The sale was disclosed in a document filed with the SEC, which is available at this link.

A hedge fund recently raised its stake in Alliance Resource Partners, L.P. stock. Morgan Stanley increased its stake in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP) by 75.1% during the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 878,997 shares of the company’s stock after buying an additional 377,083 shares during the period. Morgan Stanley owned approximately 1.18% of Alliance Resource Partners, L.P. worth $11,858,000 at the end of the most recent 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.

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