Barings LLC maintained its stake in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 89,864 shares of the energy company’s stock at the close of the 2nd quarter. Barings LLC’s holdings in Alliance Resource Partners, L.P. were worth $1,946,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Wells Fargo & Company MN increased its holdings in Alliance Resource Partners, L.P. by 386.7% in the 1st quarter. Wells Fargo & Company MN now owns 168,938 shares of the energy company’s stock worth $3,658,000 after acquiring an additional 134,229 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in Alliance Resource Partners, L.P. in the 1st quarter worth $1,611,000. Russell Investments Group Ltd. increased its holdings in Alliance Resource Partners, L.P. by 44.3% in the 2nd quarter. Russell Investments Group Ltd. now owns 193,192 shares of the energy company’s stock worth $3,652,000 after acquiring an additional 59,317 shares in the last quarter. Marshall Wace North America L.P. increased its holdings in Alliance Resource Partners, L.P. by 253.7% in the 2nd quarter. Marshall Wace North America L.P. now owns 102,867 shares of the energy company’s stock worth $1,954,000 after acquiring an additional 73,781 shares in the last quarter. Finally, Global X Management Co. LLC increased its holdings in Alliance Resource Partners, L.P. by 3.8% in the 1st quarter. Global X Management Co. LLC now owns 15,801 shares of the energy company’s stock worth $342,000 after acquiring an additional 579 shares in the last quarter. 15.11% of the stock is owned by institutional investors.

ARLP has been the subject of several recent analyst reports. BidaskClub raised shares of Alliance Resource Partners, L.P. from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 13th. ValuEngine lowered shares of Alliance Resource Partners, L.P. from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 22nd. Finally, Zacks Investment Research lowered shares of Alliance Resource Partners, L.P. from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $27.32.

In other Alliance Resource Partners, L.P. news, Director John P. Neafsey bought 10,000 shares of Alliance Resource Partners, L.P. stock in a transaction on Monday, August 7th. The stock was bought at an average price of $19.55 per share, with a total value of $195,500.00. Following the completion of the acquisition, the director now owns 51,604 shares in the company, valued at $1,008,858.20. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 44.03% of the stock is currently owned by company insiders.

Shares of Alliance Resource Partners, L.P. (ARLP) opened at 19.10 on Friday. Alliance Resource Partners, L.P. has a one year low of $17.65 and a one year high of $26.65.

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

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Alliance Resource Partners, L.P. Company Profile

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.

Institutional Ownership by Quarter for Alliance Resource Partners, L.P. (NASDAQ:ARLP)

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