ValuEngine downgraded shares of Alliance Holdings GP, L.P. (NASDAQ:AHGP) from a strong-buy rating to a buy rating in a research report sent to investors on Friday morning.

Several other analysts also recently weighed in on the company. BidaskClub downgraded Alliance Holdings GP, L.P. from a sell rating to a strong sell rating in a report on Friday, August 18th. Zacks Investment Research upgraded Alliance Holdings GP, L.P. from a hold rating to a strong-buy rating and set a $30.00 price objective for the company in a report on Wednesday, August 9th.

Alliance Holdings GP, L.P. (NASDAQ AHGP) traded up 1.63% during mid-day trading on Friday, hitting $28.00. 163,155 shares of the stock were exchanged. The stock has a market cap of $1.68 billion, a price-to-earnings ratio of 8.09 and a beta of 0.53. Alliance Holdings GP, L.P. has a 52-week low of $22.55 and a 52-week high of $32.70. The stock has a 50 day moving average of $26.56 and a 200-day moving average of $27.30.

Alliance Holdings GP, L.P. (NASDAQ:AHGP) last released its earnings results on Monday, July 31st. The energy company reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.82 by $0.02. Alliance Holdings GP, L.P. had a return on equity of 19.15% and a net margin of 10.69%. The business had revenue of $398.60 million for the quarter, compared to the consensus estimate of $461.30 million. During the same quarter last year, the business posted $0.76 earnings per share. The firm’s revenue for the quarter was down 9.2% compared to the same quarter last year. Equities analysts predict that Alliance Holdings GP, L.P. will post $3.34 EPS for the current fiscal year.

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The business also recently announced a quarterly dividend, which was paid on Friday, August 18th. Shareholders of record on Friday, August 11th were paid a $0.73 dividend. This represents a $2.92 annualized dividend and a yield of 10.43%. The ex-dividend date was Wednesday, August 9th. This is a positive change from Alliance Holdings GP, L.P.’s previous quarterly dividend of $0.55. Alliance Holdings GP, L.P.’s payout ratio is 84.39%.

A number of institutional investors have recently bought and sold shares of the stock. Meiji Yasuda Life Insurance Co acquired a new stake in shares of Alliance Holdings GP, L.P. during the first quarter worth $36,286,000. Wells Fargo & Company MN raised its stake in shares of Alliance Holdings GP, L.P. by 5,930.7% in the first quarter. Wells Fargo & Company MN now owns 281,816 shares of the energy company’s stock worth $7,730,000 after buying an additional 277,143 shares in the last quarter. Mountain Lake Investment Management LLC raised its stake in shares of Alliance Holdings GP, L.P. by 61.1% in the second quarter. Mountain Lake Investment Management LLC now owns 623,800 shares of the energy company’s stock worth $14,784,000 after buying an additional 236,500 shares in the last quarter. Oakcliff Capital Partners LP purchased a new stake in shares of Alliance Holdings GP, L.P. during the first quarter worth approximately $6,168,000. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in shares of Alliance Holdings GP, L.P. during the second quarter worth approximately $4,774,000. Institutional investors own 21.41% of the company’s stock.

Alliance Holdings GP, L.P. Company Profile

Alliance Holdings GP, L.P. (AHGP) is a limited partnership company. The Company owns directly and indirectly 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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