Alliance Resource Partners, L.P. (NASDAQ:ARLP) Shares Purchased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC raised its position in Alliance Resource Partners, L.P. (NASDAQ:ARLP - Free Report) by 119.3% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 19,506 shares of the energy company's stock after buying an additional 10,613 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Alliance Resource Partners were worth $513,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of ARLP. Raymond James Financial Inc. acquired a new position in Alliance Resource Partners in the 4th quarter valued at $14,564,000. Castalian Partners LLC acquired a new position in shares of Alliance Resource Partners during the 4th quarter worth $3,353,000. GraniteShares Advisors LLC acquired a new position in shares of Alliance Resource Partners during the 4th quarter worth $2,493,000. Orvieto Partners L.P. acquired a new position in shares of Alliance Resource Partners during the 4th quarter worth $2,070,000. Finally, Horizon Kinetics Asset Management LLC acquired a new position in shares of Alliance Resource Partners during the 4th quarter worth $1,440,000. 18.11% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently commented on ARLP. Wall Street Zen upgraded shares of Alliance Resource Partners from a "hold" rating to a "buy" rating in a research report on Sunday, May 4th. Benchmark restated a "buy" rating and issued a $29.00 target price on shares of Alliance Resource Partners in a report on Tuesday, April 29th.

Alliance Resource Partners Trading Up 0.9%

Shares of ARLP stock traded up $0.24 during trading hours on Friday, hitting $25.99. 475,493 shares of the company were exchanged, compared to its average volume of 343,862. The firm has a market cap of $3.34 billion, a PE ratio of 9.42 and a beta of 0.56. Alliance Resource Partners, L.P. has a 1 year low of $22.18 and a 1 year high of $30.56. The company has a quick ratio of 1.69, a current ratio of 2.36 and a debt-to-equity ratio of 0.24. The firm has a fifty day moving average of $26.40 and a 200 day moving average of $26.52.

Alliance Resource Partners (NASDAQ:ARLP - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The energy company reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.03). The company had revenue of $540.47 million for the quarter, compared to analysts' expectations of $556.31 million. Alliance Resource Partners had a return on equity of 19.09% and a net margin of 14.74%. Analysts expect that Alliance Resource Partners, L.P. will post 2.72 earnings per share for the current year.

Alliance Resource Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 8th were issued a dividend of $0.70 per share. The ex-dividend date of this dividend was Thursday, May 8th. This represents a $2.80 annualized dividend and a dividend yield of 10.77%. Alliance Resource Partners's payout ratio is currently 132.08%.

Alliance Resource Partners Profile

Alliance Resource Partners, L.P., a diversified natural resource company, produces and markets coal primarily to utilities and industrial users in the United States. The company operates through four segments: Illinois Basin Coal Operations, Appalachia Coal Operations, Oil & Gas Royalties, and Coal Royalties.