ValuEngine cut 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 Saturday.

Several other research firms have also recently commented on AHGP. BidaskClub upgraded Alliance Holdings GP, L.P. from a strong sell rating to a sell rating in a research note on Tuesday. Zacks Investment Research cut Alliance Holdings GP, L.P. from a strong-buy rating to a hold rating in a research note on Monday, April 3rd.

Shares of Alliance Holdings GP, L.P. (NASDAQ:AHGP) traded down 13.91% during mid-day trading on Friday, reaching $22.84. 918,187 shares of the company traded hands. Alliance Holdings GP, L.P. has a 52 week low of $19.00 and a 52 week high of $32.70. The firm has a 50-day moving average price of $28.18 and a 200 day moving average price of $28.52. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of 6.51 and a beta of 0.46.

Alliance Holdings GP, L.P. (NASDAQ:AHGP) last announced its quarterly earnings data on Monday, May 1st. The energy company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.11. Alliance Holdings GP, L.P. had a return on equity of 19.70% and a net margin of 10.61%. The company had revenue of $461 million for the quarter, compared to analyst estimates of $477.40 million. During the same quarter last year, the firm posted $0.96 EPS. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. On average, analysts anticipate that Alliance Holdings GP, L.P. will post $3.16 earnings per share for the current year.

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The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 19th. Investors of record on Friday, May 12th were issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 9.63%. The ex-dividend date was Wednesday, May 10th. Alliance Holdings GP, L.P.’s dividend payout ratio is presently 62.68%.

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Renaissance Technologies LLC raised its position in shares of Alliance Holdings GP, L.P. by 233.3% in the fourth quarter. Renaissance Technologies LLC now owns 77,655 shares of the energy company’s stock worth $2,182,000 after buying an additional 54,355 shares in the last quarter. HITE Hedge Asset Management LLC raised its position in shares of Alliance Holdings GP, L.P. by 9.6% in the fourth quarter. HITE Hedge Asset Management LLC now owns 39,244 shares of the energy company’s stock worth $1,103,000 after buying an additional 3,444 shares in the last quarter. Wells Fargo & Company MN raised its position 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. Russell Investments Group Ltd. acquired a new position in shares of Alliance Holdings GP, L.P. during the fourth quarter worth $354,000. Finally, Meiji Yasuda Life Insurance Co acquired a new position in shares of Alliance Holdings GP, L.P. during the first quarter worth $36,286,000. 24.12% of the stock is currently owned by hedge funds and other institutional investors.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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