Rational Advisors LLC cut its stake in Alliance Resource Partners, L.P. (NASDAQ:ARLP) by 8.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,500 shares of the energy company’s stock after selling 1,000 shares during the period. Rational Advisors LLC’s holdings in Alliance Resource Partners, L.P. were worth $217,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Pinnacle Financial Partners Inc. bought a new stake in shares of Alliance Resource Partners, L.P. during the second quarter worth approximately $291,000. Foundry Partners LLC bought a new stake in shares of Alliance Resource Partners, L.P. during the second quarter worth approximately $3,689,000. Algert Global LLC raised its stake in shares of Alliance Resource Partners, L.P. by 0.8% in the second quarter. Algert Global LLC now owns 59,305 shares of the energy company’s stock worth $1,121,000 after buying an additional 470 shares in the last quarter. IFP Advisors Inc raised its stake in shares of Alliance Resource Partners, L.P. by 2.8% in the second quarter. IFP Advisors Inc now owns 13,729 shares of the energy company’s stock worth $259,000 after buying an additional 373 shares in the last quarter. Finally, Sei Investments Co. raised its stake in shares of Alliance Resource Partners, L.P. by 1,513.5% in the second quarter. Sei Investments Co. now owns 21,088 shares of the energy company’s stock worth $399,000 after buying an additional 19,781 shares in the last quarter. 28.35% of the stock is currently owned by institutional investors and hedge funds.

Shares of Alliance Resource Partners, L.P. (NASDAQ ARLP) opened at 18.25 on Tuesday. Alliance Resource Partners, L.P. has a 12 month low of $18.10 and a 12 month high of $26.65.

Alliance Resource Partners, L.P. (NASDAQ:ARLP) last announced its earnings results on Monday, July 31st. The energy company reported $0.89 EPS for the quarter, beating the Thomson Reuters’ consensus estimate 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 business had revenue of $398.72 million for the quarter, compared to analysts’ expectations of $447.68 million. During the same period in the prior year, the business posted $0.82 earnings per share. The firm’s revenue was down 9.2% on a year-over-year basis. Equities research analysts anticipate that Alliance Resource Partners, L.P. will post $4.47 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, August 14th. Investors of record on Monday, August 7th were issued a $0.50 dividend. The ex-dividend date was Thursday, August 3rd. This is a boost from Alliance Resource Partners, L.P.’s previous quarterly dividend of $0.44. This represents a $2.00 annualized dividend and a yield of 10.96%. Alliance Resource Partners, L.P.’s dividend payout ratio is presently 48.43%.

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A number of equities research analysts have commented on the stock. FBR & Co reissued an “outperform” rating and set a $29.00 price objective (up previously from $27.00) on shares of Alliance Resource Partners, L.P. in a report on Tuesday, May 2nd. 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. 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. Finally, ValuEngine lowered shares of Alliance Resource Partners, L.P. from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 3rd. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $26.93.

In related news, Director John P. Neafsey bought 10,000 shares of Alliance Resource Partners, L.P. stock in a transaction that occurred on Monday, August 7th. The shares were acquired at an average cost of $19.55 per share, for a total transaction of $195,500.00. Following the completion of the acquisition, the director now directly owns 51,604 shares of the company’s stock, valued at approximately $1,008,858.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 44.03% of the company’s stock.

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

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