Alliance Resource Partners, L.P. (NASDAQ:ARLP) Director John P. Neafsey bought 10,000 shares of the stock in a transaction dated Monday, August 7th. The stock was bought at an average cost of $19.55 per share, with a total value of $195,500.00. Following the purchase, the director now owns 51,604 shares in the company, valued at approximately $1,008,858.20. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link.

Alliance Resource Partners, L.P. (ARLP) opened at 18.75 on Wednesday. The firm’s 50-day moving average price is $19.74 and its 200-day moving average price is $21.76. Alliance Resource Partners, L.P. has a 52-week low of $18.15 and a 52-week high of $26.65. The company has a market cap of $1.40 billion, a price-to-earnings ratio of 4.51 and a beta of 0.68.

Alliance Resource Partners, L.P. (NASDAQ:ARLP) last posted its quarterly earnings results on Monday, July 31st. The energy company reported $0.89 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.09. Alliance Resource Partners, L.P. had a net margin of 19.47% and a return on equity of 34.60%. The firm had revenue of $398.72 million during the quarter, compared to the consensus estimate of $447.68 million. During the same quarter in the previous year, the firm posted $0.82 earnings per share. The company’s revenue was down 9.2% on a year-over-year basis. On average, equities analysts anticipate that Alliance Resource Partners, L.P. will post $2.89 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, August 14th. Stockholders of record on Monday, August 7th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 10.67%. The ex-dividend date is Thursday, August 3rd. This is an increase from Alliance Resource Partners, L.P.’s previous quarterly dividend of $0.44. Alliance Resource Partners, L.P.’s payout ratio is currently 48.43%.

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Hedge funds have recently bought and sold shares of the stock. Principal Financial Group Inc. increased its stake in Alliance Resource Partners, L.P. by 959.6% in the second quarter. Principal Financial Group Inc. now owns 1,509,653 shares of the energy company’s stock valued at $28,532,000 after buying an additional 1,367,177 shares in the last quarter. Acadian Asset Management LLC increased its stake in Alliance Resource Partners, L.P. by 27.2% in the second quarter. Acadian Asset Management LLC now owns 1,600,029 shares of the energy company’s stock valued at $30,239,000 after buying an additional 341,842 shares in the last quarter. Magnolia Group LLC increased its stake in Alliance Resource Partners, L.P. by 38.7% in the first quarter. Magnolia Group LLC now owns 1,079,078 shares of the energy company’s stock valued at $23,362,000 after buying an additional 301,248 shares in the last quarter. Tiedemann Wealth Management LLC increased its stake in Alliance Resource Partners, L.P. by 380.2% in the first quarter. Tiedemann Wealth Management LLC now owns 308,077 shares of the energy company’s stock valued at $6,670,000 after buying an additional 243,925 shares in the last quarter. Finally, Foundry Partners LLC bought a new stake in Alliance Resource Partners, L.P. during the second quarter valued at $3,689,000. 26.25% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have recently weighed in on the company. ValuEngine lowered Alliance Resource Partners, L.P. from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 3rd. BidaskClub lowered Alliance Resource Partners, L.P. from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Zacks Investment Research lowered Alliance Resource Partners, L.P. from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Finally, FBR & Co reissued an “outperform” rating and issued a $29.00 target price (up previously from $27.00) on shares of Alliance Resource Partners, L.P. in a research note on Tuesday, May 2nd. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Alliance Resource Partners, L.P. presently has an average rating of “Buy” and an average target price of $26.93.

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. The Illinois Basin segment consists of various operating segments, including Webster County Coal, LLC’s Dotiki mining complex, Gibson County Coal, LLC’s mining complex, which includes the Gibson North mine and Gibson South mine, Hopkins County Coal, LLC’s mining complex, which includes the Elk Creek mine, the Pleasant View surface mineable reserves and the Fies property, White County Coal, LLC’s, Pattiki mining complex, Warrior Coal, LLC’s mining complex, Sebree Mining, LLC’s mining complex, which includes the Onton mine and River View Coal, LLC mining complex.

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