Alliance Holdings GP, LP (NASDAQ:AHGP) Increases Dividend to $0.73 Per Share

Paterniano Del Favero
Agosto 8, 2017

Alliance Holdings GP, L.P. (NASDAQ:AHGP) was downgraded by investment analysts at ValuEngine from a "strong-buy" rating to a "buy" rating in a research report issued to clients and investors on Thursday, July 27th.

AHGP has been the subject of a number of analyst reports. Alliance Holdings GP, L.P. Zacks Investment Research raised 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 report on Thursday, May 4th.

Receive Alliance Holdings GP, L.P. News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alliance Holdings GP, L.P. with MarketBeat.com's FREE daily email newsletter. Investment House LLC increased its position in Alliance Holdings GP, L.P.by 8.9% in the first quarter.

Shares of Alliance Holdings GP, L.P. (AHGP) opened at 28.01 on Tuesday. The company has a market capitalization of $1.69 billion, a PE ratio of 8.14 and a beta of 0.53. The 50 day moving average was up $2.90 or +11.46% and the 200 day average went up $0.56 or +2.02%. Alliance Holdings GP, L.P. has a 12-month low of $22.55 and a 12-month high of $32.70. (NASDAQ:AHGP) last issued its earnings results on Monday, July 31st. As of the latest earnings report the EPS was $3.46 and is projected to be $3.16 for the current year with 59,862,000 shares now outstanding. The business had revenue of $398.60 million for the quarter, compared to the consensus estimate of $461.30 million. Alliance Holdings GP, L.P. The business's revenue was down 9.2% compared to the same quarter past year. During the same period past year, the company posted $0.76 EPS. On average, equities analysts expect that Alliance Holdings GP, L.P. will post $3.34 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, August 18th. Shareholders of record on Friday, August 11th will be paid a dividend of $0.73 per share. This is a boost from Alliance Holdings GP, L.P.'s previous quarterly dividend of $0.55. This represents a $2.92 annualized dividend and a dividend yield of 10.35%. The ex-dividend date is Wednesday the 10th of May 2017. Alliance Holdings GP, L.P.'s dividend payout ratio is now 63.58%.

WARNING: This report was first reported by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this piece on another website, it was illegally stolen and republished in violation of USA and global trademark and copyright law. The correct version of this piece of content can be read at https://baseballnewssource.com/markets/alliance-holdings-gp-l-p-nasdaqahgp-position-decreased-by-california-public-employees-retirement-system/1403963.html. Meiji Yasuda Life Insurance Co purchased a new stake in Alliance Holdings GP, L.P. during the first quarter valued at approximately $36,286,000. Acadian Asset Management LLC now owns 283,866 shares of the energy company's stock worth $6,727,000 after buying an additional 116,079 shares during the last quarter. Alliance Holdings GP, L.P. earned a news impact score of 0.08 on Accern's scale. Investment House LLC now owns 40,110 shares of the energy company's stock valued at $1,100,000 after buying an additional 3,270 shares during the period. Wells Fargo & Company MN now owns 281,816 shares of the energy company's stock valued at $7,730,000 after buying an additional 277,143 shares in the last quarter. Finally, HITE Hedge Asset Management LLC increased its stake in Alliance Holdings GP, L.P.by 34.9% in the first quarter. Institutional investors and hedge funds own 24.49% of the company's stock.

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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