Neuberger Berman Group LLC cut its stake in Alliance Holdings GP, L.P. (NASDAQ:AHGP) by 7.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,067,713 shares of the energy company’s stock after selling 472,488 shares during the period. Neuberger Berman Group LLC owned approximately 10.14% of Alliance Holdings GP, L.P. worth $143,805,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Meiji Yasuda Life Insurance Co acquired a new stake in shares of Alliance Holdings GP, L.P. during the first quarter worth approximately $36,286,000. Acadian Asset Management LLC increased its stake in shares of Alliance Holdings GP, L.P. by 69.2% in the second quarter. 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. Wells Fargo & Company MN increased 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 during the last quarter. Oakcliff Capital Partners LP acquired a new stake in shares of Alliance Holdings GP, L.P. during the first quarter worth approximately $6,168,000. Finally, Goldman Sachs Group Inc. increased its stake in shares of Alliance Holdings GP, L.P. by 2.0% in the first quarter. Goldman Sachs Group Inc. now owns 156,033 shares of the energy company’s stock worth $4,280,000 after buying an additional 3,107 shares during the last quarter. 21.41% of the stock is owned by hedge funds and other institutional investors.

Shares of Alliance Holdings GP, L.P. (NASDAQ AHGP) opened at 26.44 on Tuesday. The stock has a market capitalization of $1.58 billion, a P/E ratio of 7.63 and a beta of 0.53. The company’s 50 day moving average price is $26.33 and its 200-day moving average price is $27.41. Alliance Holdings GP, L.P. has a 12 month low of $22.55 and a 12 month high of $32.70.

Alliance Holdings GP, L.P. (NASDAQ:AHGP) last posted its quarterly earnings data on Monday, July 31st. The energy company reported $0.80 EPS for the quarter, missing the Thomson Reuters’ 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 company had revenue of $398.60 million for the quarter, compared to analyst estimates of $461.30 million. During the same quarter in the previous year, the firm posted $0.76 earnings per share. The company’s quarterly revenue was down 9.2% on a year-over-year basis. Equities analysts predict that Alliance Holdings GP, L.P. will post $3.34 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 18th. Stockholders of record on Friday, August 11th were paid a dividend of $0.73 per share. This is an increase 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 11.04%. The ex-dividend date of this dividend was Wednesday, August 9th. Alliance Holdings GP, L.P.’s payout ratio is presently 84.39%.

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

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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Institutional Ownership by Quarter for Alliance Holdings GP, L.P. (NASDAQ:AHGP)

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