Wealth Enhancement Advisory Services LLC Has $513,000 Stock Holdings in Alliance Resource Partners, L.P. (NASDAQ:ARLP)

Wealth Enhancement Advisory Services LLC increased its stake in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP - Free Report) by 119.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,506 shares of the energy company's stock after purchasing an additional 10,613 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Alliance Resource Partners were worth $513,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC acquired a new position in shares of Alliance Resource Partners in the 4th quarter valued at approximately $26,000. Summit Securities Group LLC lifted its position in Alliance Resource Partners by 350.0% in the 4th quarter. Summit Securities Group LLC now owns 1,800 shares of the energy company's stock valued at $47,000 after acquiring an additional 1,400 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in Alliance Resource Partners by 223.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,406 shares of the energy company's stock worth $90,000 after purchasing an additional 2,353 shares in the last quarter. State of Wyoming bought a new position in shares of Alliance Resource Partners during the fourth quarter worth about $105,000. Finally, Bogart Wealth LLC bought a new stake in shares of Alliance Resource Partners in the fourth quarter worth $127,000. Institutional investors and hedge funds own 18.11% of the company's stock.

Alliance Resource Partners Stock Performance

NASDAQ:ARLP traded down $0.21 on Thursday, hitting $25.75. The company's stock had a trading volume of 157,902 shares, compared to its average volume of 342,184. Alliance Resource Partners, L.P. has a one year low of $22.18 and a one year high of $30.56. The firm has a market capitalization of $3.31 billion, a P/E ratio of 9.33 and a beta of 0.56. The stock has a fifty day moving average of $26.38 and a two-hundred day moving average of $26.56. The company has a current ratio of 2.36, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24.

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

Alliance Resource Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 8th were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Thursday, May 8th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 10.87%. Alliance Resource Partners's payout ratio is presently 132.08%.

Insider Transactions at Alliance Resource Partners

In other Alliance Resource Partners news, SVP Timothy J. Whelan sold 50,000 shares of the firm's stock in a transaction on Friday, March 14th. The stock was sold at an average price of $25.13, for a total transaction of $1,256,500.00. Following the transaction, the senior vice president now owns 93,850 shares in the company, valued at $2,358,450.50. This trade represents a 34.76% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 16.80% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Benchmark reissued a "buy" rating and issued a $29.00 price objective on shares of Alliance Resource Partners in a report on Tuesday, April 29th. Wall Street Zen raised shares of Alliance Resource Partners from a "hold" rating to a "buy" rating in a research report on Sunday, May 4th.

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.