Alliance Holdings GP, L.P. (AHGP) Shares Down 2.2%
Alliance Holdings GP, L.P. (NASDAQ:AHGP) traded down 2.2% on Friday . The company traded as low as $24.00 and last traded at $24.27, with a volume of 70,442 shares traded. The stock had previously closed at $24.81.
Separately, Zacks Investment Research upgraded Alliance Holdings GP, L.P. from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a research note on Friday, July 29th.
The company’s 50 day moving average price is $24.24 and its 200-day moving average price is $18.57. The firm has a market capitalization of $1.45 billion and a P/E ratio of 8.98.
Alliance Holdings GP, L.P. (NASDAQ:AHGP) last posted its earnings results on Tuesday, July 26th. The company reported $0.76 EPS for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.10. The business earned $439.04 million during the quarter, compared to analysts’ expectations of $427.63 million. During the same quarter in the prior year, the firm earned $1.02 EPS. Alliance Holdings GP, L.P.’s revenue for the quarter was down 27.4% compared to the same quarter last year. On average, equities analysts predict that Alliance Holdings GP, L.P. will post $2.60 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, August 19th. Shareholders of record on Friday, August 12th were given a $0.55 dividend. The ex-dividend date was Wednesday, August 10th. This represents a $2.20 dividend on an annualized basis and a yield of 9.11%.
In other Alliance Holdings GP, L.P. news, Director Robert J. Druten sold 12,825 shares of Alliance Holdings GP, L.P. 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 sale, the director now owns 7,538 shares in the company, valued at $147,744.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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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