Alliance Holdings GP, L.P. (AHGP) Shares Up 5.8%
Alliance Holdings GP, L.P. (NASDAQ:AHGP) shares shot up 5.8% on Tuesday . The company traded as high as $25.25 and last traded at $25.24, with a volume of 86,519 shares trading hands. The stock had previously closed at $23.85.
Separately, Zacks Investment Research upgraded Alliance Holdings GP, L.P. from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 28th.
The company’s 50-day moving average price is $24.02 and its 200 day moving average price is $18.43. The stock has a market cap of $1.51 billion and a PE ratio of 9.38.
Alliance Holdings GP, L.P. (NASDAQ:AHGP) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $0.76 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.10. During the same period last year, the company earned $1.02 EPS. The company earned $439.04 million during the quarter, compared to analyst estimates of $427.63 million. The business’s revenue for the quarter was down 27.4% compared to the same quarter last year. Analysts forecast that Alliance Holdings GP, L.P. will post $2.60 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, August 19th. Stockholders of record on Friday, August 12th were paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 8.72%. The ex-dividend date of this dividend was Wednesday, August 10th.
In other news, Director Robert J. Druten sold 12,825 shares of the stock in a transaction on Thursday, June 9th. The stock was sold at an average price of $19.60, for a total value of $251,370.00. Following the transaction, the director now owns 7,538 shares of the company’s stock, valued at approximately $147,744.80. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Alliance Holdings GP, L.P. is a limited partnership company. The Company owns directly and indirectly 100% of the members’ interest in Alliance Resource Management GP, LLC (MGP), the managing general partner of Alliance Resource Partners, L.P. (ARLP). The Company’s segments include Illinois Basin, Appalachia, and Other and Corporate.
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