Alliance Holdings GP, L.P. (AHGP) Posts Quarterly Earnings Results, Misses Expectations By $0.02 EPS

Alliance Holdings GP, L.P. (NASDAQ:AHGP) posted its quarterly earnings data on Monday, July 31st. The energy company reported $0.80 EPS for the quarter, missing the Zacks’ consensus estimate of $0.82 by $0.02, Morningstar.com reports. Alliance Holdings GP, L.P. had a net margin of 10.69% and a return on equity of 19.15%. The company 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 company earned $0.76 earnings per share. The company’s revenue was down 9.2% compared to the same quarter last year.

Alliance Holdings GP, L.P. (NASDAQ AHGP) traded up 0.30% during mid-day trading on Friday, hitting $26.47. 79,692 shares of the company traded hands. Alliance Holdings GP, L.P. has a one year low of $22.55 and a one year high of $32.70. The company has a market capitalization of $1.58 billion, a price-to-earnings ratio of 7.64 and a beta of 0.53. The company’s 50-day moving average price is $25.84 and its 200 day moving average price is $27.65.

The company also recently announced a quarterly dividend, which will be paid on Friday, August 18th. Shareholders of record on Friday, August 11th will be issued a $0.73 dividend. This represents a $2.92 annualized dividend and a dividend yield of 11.03%. This is a boost from Alliance Holdings GP, L.P.’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Wednesday, August 9th. Alliance Holdings GP, L.P.’s dividend payout ratio (DPR) is presently 84.39%.

A number of research analysts have recently issued reports on AHGP shares. BidaskClub raised shares of Alliance Holdings GP, L.P. from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th. Zacks Investment Research raised shares of Alliance Holdings GP, L.P. from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a research note on Thursday, May 4th. Finally, ValuEngine cut shares of Alliance Holdings GP, L.P. from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 17th.

Several institutional investors have recently modified their holdings of AHGP. Advisor Group Inc. increased its position in Alliance Holdings GP, L.P. by 9.3% in the second quarter. Advisor Group Inc. now owns 5,125 shares of the energy company’s stock worth $122,000 after buying an additional 434 shares during the period. Rational Advisors LLC purchased a new position in Alliance Holdings GP, L.P. during the first quarter worth $274,000. KCG Holdings Inc. purchased a new position in Alliance Holdings GP, L.P. during the first quarter worth $288,000. Global X Management Co. LLC increased its position in Alliance Holdings GP, L.P. by 3.9% in the first quarter. Global X Management Co. LLC now owns 11,385 shares of the energy company’s stock worth $312,000 after buying an additional 430 shares during the period. Finally, Russell Investments Group Ltd. purchased a new position in Alliance Holdings GP, L.P. during the fourth quarter worth $354,000. Institutional investors and hedge funds own 24.49% of the company’s stock.

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About Alliance Holdings GP, L.P.

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.

Earnings History for Alliance Holdings GP, L.P. (NASDAQ:AHGP)

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