Alliance Holdings GP (AHGP) Posts Quarterly Earnings Results, Misses Estimates By $0.05 EPS

Alliance Holdings GP (NASDAQ:AHGP) posted its quarterly earnings results on Monday, January 29th. The energy company reported $0.82 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.87 by ($0.05), Morningstar.com reports. Alliance Holdings GP had a return on equity of 16.52% and a net margin of 10.36%. The business had revenue of $483.13 million during the quarter, compared to analyst estimates of $473.60 million. During the same quarter last year, the firm posted $1.02 EPS.

Alliance Holdings GP (NASDAQ:AHGP) opened at $26.82 on Tuesday. The firm has a market cap of $1,588.76, a price-to-earnings ratio of 8.32 and a beta of 0.54. The company has a current ratio of 0.83, a quick ratio of 0.54 and a debt-to-equity ratio of 0.39. Alliance Holdings GP has a 52-week low of $22.71 and a 52-week high of $32.31.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 20th. Investors of record on Tuesday, February 13th will be paid a $0.7425 dividend. This represents a $2.97 annualized dividend and a dividend yield of 11.07%. The ex-dividend date is Monday, February 12th. This is a positive change from Alliance Holdings GP’s previous quarterly dividend of $0.74. Alliance Holdings GP’s payout ratio is presently 94.84%.

A number of institutional investors have recently added to or reduced their stakes in AHGP. Principal Financial Group Inc. lifted its position in Alliance Holdings GP by 2.7% during the 2nd quarter. Principal Financial Group Inc. now owns 15,153 shares of the energy company’s stock worth $359,000 after acquiring an additional 400 shares during the last quarter. Wells Fargo & Company MN lifted its position in Alliance Holdings GP by 63.5% during the 2nd quarter. Wells Fargo & Company MN now owns 460,828 shares of the energy company’s stock worth $10,922,000 after acquiring an additional 179,012 shares during the last quarter. Advisor Group Inc. lifted its position in Alliance Holdings GP by 9.3% during the 2nd quarter. Advisor Group Inc. now owns 5,125 shares of the energy company’s stock worth $122,000 after acquiring an additional 434 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in Alliance Holdings GP by 9.3% during the 2nd quarter. Goldman Sachs Group Inc. now owns 170,593 shares of the energy company’s stock worth $4,043,000 after acquiring an additional 14,560 shares during the last quarter. Finally, Mountain Lake Investment Management LLC lifted its position in Alliance Holdings GP by 61.1% during the 2nd quarter. Mountain Lake Investment Management LLC now owns 623,800 shares of the energy company’s stock worth $14,784,000 after acquiring an additional 236,500 shares during the last quarter. 20.45% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have weighed in on the stock. BidaskClub upgraded shares of Alliance Holdings GP from a “sell” rating to a “hold” rating in a research report on Thursday, January 25th. ValuEngine cut shares of Alliance Holdings GP from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Zacks Investment Research upgraded shares of Alliance Holdings GP from a “strong sell” rating to a “hold” rating and set a $31.00 price target on the stock in a report on Tuesday, January 16th. TheStreet upgraded shares of Alliance Holdings GP from a “c+” rating to a “b-” rating in a report on Monday, October 16th. Finally, Stifel Nicolaus set a $32.00 price target on shares of Alliance Holdings GP and gave the company a “hold” rating in a report on Tuesday, January 16th. Five analysts have rated the stock with a hold rating, Alliance Holdings GP presently has an average rating of “Hold” and an average target price of $31.33.

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About Alliance Holdings GP

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 (NASDAQ:AHGP)

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