Shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP) traded down 2.5% during trading on Thursday . The company traded as low as $19.83 and last traded at $19.88, with a volume of 81,306 shares traded. The stock had previously closed at $20.39.

A number of analysts recently commented on the company. Zacks Investment Research upgraded Alliance Resource Partners, L.P. from a “hold” rating to a “strong-buy” rating and set a $22.00 price objective for the company in a research report on Monday, August 1st. FBR & Co lifted their price objective on Alliance Resource Partners, L.P. from $19.00 to $22.00 and gave the stock an “outperform” rating in a research 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 given a strong buy rating to the company’s stock. Alliance Resource Partners, L.P. presently has an average rating of “Buy” and an average target price of $22.50.

The stock has a 50-day moving average of $19.40 and a 200-day moving average of $15.34. The company has a market capitalization of $1.55 billion and a P/E ratio of 12.98.

Alliance Resource Partners, L.P. (NASDAQ:ARLP) last announced its quarterly earnings data on Tuesday, July 26th. The company reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.27. The business had revenue of $439.20 million for the quarter, compared to the consensus estimate of $444.13 million. Alliance Resource Partners, L.P.’s quarterly revenue was down 27.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.76 earnings per share. Equities research analysts predict that Alliance Resource Partners, L.P. will post $2.45 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 12th. Investors of record on Friday, August 5th were given a dividend of $0.4375 per share. The ex-dividend date of this dividend was Wednesday, August 3rd. This represents a $1.75 annualized dividend and a dividend yield of 8.40%.

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

An institutional investor recently raised its position in Alliance Resource Partners, L.P. stock. Morgan Stanley raised its stake in 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. The institutional investor 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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