Trade Report: Today: Adams Asset Advisors LLC Buys 4,786 Shares of Alliance Resource Partners, L.P. (ARLP)

Today: Adams Asset Advisors LLC Buys 4,786 Shares of Alliance Resource Partners, L.P. (ARLP)

Adams Asset Advisors LLC boosted its stake in Alliance Resource Partners, L.P. (NASDAQ:ARLP) by 1.7% during the third quarter, Holdings Channel reports. The institutional investor owned 278,635 shares of the company’s stock after buying an additional 4,786 shares during the period. Alliance Resource Partners, L.P. comprises approximately 0.9% of Adams Asset Advisors LLC’s investment portfolio, making the stock its 17th largest position. Adams Asset Advisors LLC’s holdings in Alliance Resource Partners, L.P. were worth $6,180,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Lucus Advisors LLC purchased a new stake in Alliance Resource Partners, L.P. during the second quarter valued at about $343,000. HL Financial Services LLC purchased a new stake in Alliance Resource Partners, L.P. during the second quarter valued at about $164,000. JPMorgan Chase & Co. increased its stake in Alliance Resource Partners, L.P. by 72.9% in the second quarter. JPMorgan Chase & Co. now owns 788,315 shares of the company’s stock valued at $12,424,000 after buying an additional 332,460 shares in the last quarter. Babson Capital Management LLC increased its stake in Alliance Resource Partners, L.P. by 121.0% in the first quarter. Babson Capital Management LLC now owns 89,864 shares of the company’s stock valued at $1,047,000 after buying an additional 49,200 shares in the last quarter. Finally, Acrospire Investment Management LLC increased its stake in Alliance Resource Partners, L.P. by 19.0% in the second quarter. Acrospire Investment Management LLC now owns 6,810 shares of the company’s stock valued at $107,000 after buying an additional 1,088 shares in the last quarter.

Shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP) traded up 3.33% during trading on Monday, hitting $23.25. 309,871 shares of the stock were exchanged. The firm’s 50-day moving average is $0.00 and its 200 day moving average is $0.00. Alliance Resource Partners, L.P. has a 1-year low of $9.95 and a 1-year high of $26.65.

Alliance Resource Partners, L.P. (NASDAQ:ARLP) last posted its quarterly earnings data on Friday, October 28th. The company reported $0.91 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.18. The business earned $552.10 million during the quarter, compared to analyst estimates of $488.49 million. During the same quarter last year, the business earned $0.61 earnings per share. Alliance Resource Partners, L.P.’s revenue for the quarter was down 2.5% on a year-over-year basis. Analysts expect that Alliance Resource Partners, L.P. will post $2.85 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 14th. Stockholders of record on Monday, November 7th were issued a $0.4375 dividend. The ex-dividend date was Thursday, November 3rd. This represents a $1.75 dividend on an annualized basis and a dividend yield of 7.78%.

ARLP has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Alliance Resource Partners, L.P. from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a report on Tuesday, October 11th. FBR & Co increased their price target on shares of Alliance Resource Partners, L.P. from $24.00 to $26.00 and gave the company an “outperform” rating in a report on Tuesday, November 1st. Seaport Global Securities started coverage on shares of Alliance Resource Partners, L.P. in a report on Monday, October 31st. They issued a “buy” rating and a $29.00 price target for the company. Finally, TheStreet raised shares of Alliance Resource Partners, L.P. from a “hold” rating to a “buy” rating in a report on Friday, October 28th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $23.83.

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. It operates over 10 underground mining complexes in Illinois, Indiana, Kentucky, Maryland and West Virginia.

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