Shares of Alliance Holdings GP, L.P. (NASDAQ:AHGP) fell 3.2% during trading on Wednesday . The company traded as low as $25.61 and last traded at $25.64, with a volume of 95,767 shares changing hands. The stock had previously closed at $26.49.

Separately, Zacks Investment Research raised shares of Alliance Holdings GP, L.P. from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 28th.

The stock has a 50 day moving average price of $21.80 and a 200 day moving average price of $17.29. The stock has a market capitalization of $1.53 billion and a PE ratio of 8.69.

Alliance Holdings GP, L.P. (NASDAQ:AHGP) last issued its quarterly earnings data on Tuesday, July 26th. The company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.10. The firm earned $439.04 million during the quarter, compared to analysts’ expectations of $427.63 million. The firm’s quarterly revenue was down 27.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.02 EPS. Equities analysts anticipate that Alliance Holdings GP, L.P. will post $2.42 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 19th. Stockholders of record on Friday, August 12th will be given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 8.58%. The ex-dividend date of this dividend is Wednesday, August 10th.

In other news, Director Robert J. Druten sold 12,825 shares of Alliance Holdings GP, L.P. stock in a transaction that occurred on Thursday, June 9th. The shares were 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

An institutional investor recently bought a new position in Alliance Holdings GP, L.P. stock. Magnolia Group LLC acquired a new position in Alliance Holdings GP, L.P. (NASDAQ:AHGP) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 408,652 shares of the company’s stock, valued at approximately $8,247,000. Alliance Holdings GP, L.P. makes up approximately 7.5% of Magnolia Group LLC’s portfolio, making the stock its 7th largest position. Magnolia Group LLC owned about 0.68% of Alliance Holdings GP, L.P. as of its most recent filing with the SEC.

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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