Alliance Resource Partners, L.P. (NASDAQ:ARLP)’s share price traded down 1.7% on Friday . The company traded as low as $20.17 and last traded at $20.36, with a volume of 113,750 shares traded. The stock had previously closed at $20.72.

A number of equities analysts have recently weighed in on the company. Zacks Investment Research lowered Alliance Resource Partners, L.P. from a “buy” rating to a “hold” rating in a research note on Monday, July 4th. FBR & Co increased their price target on Alliance Resource Partners, L.P. from $19.00 to $22.00 and gave the company an “outperform” rating in a research note on Monday, August 1st. One equities 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. Alliance Resource Partners, L.P. has an average rating of “Buy” and a consensus price target of $22.50.

The stock has a market capitalization of $1.50 billion and a P/E ratio of 12.60. The company’s 50-day moving average price is $18.84 and its 200 day moving average price is $14.97.

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

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 12th. Shareholders of record on Friday, August 5th were paid a dividend of $0.4375 per share. The ex-dividend date of this dividend was Wednesday, August 3rd. This represents a $1.75 dividend on an annualized basis and a dividend yield of 8.65%.

In related news, VP Robert J. Fouch sold 17,000 shares of Alliance Resource Partners, L.P. 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 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 through the SEC website.

A hedge fund recently raised its stake in Alliance Resource Partners, L.P. stock. Morgan Stanley raised 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 Securities and Exchange Commission (SEC). The fund owned 878,997 shares of the company’s stock after buying an additional 377,083 shares during the period. Morgan Stanley owned about 1.18% of Alliance Resource Partners, L.P. worth $11,858,000 as of its most recent filing with the SEC.

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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