Mountain Lake Investment Management LLC Buys 50,000 Shares of Alliance Holdings GP, L.P. (AHGP)

Mountain Lake Investment Management LLC lifted its stake in shares of Alliance Holdings GP, L.P. (NASDAQ:AHGP) by 7.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 765,000 shares of the energy company’s stock after purchasing an additional 50,000 shares during the quarter. Alliance Holdings GP comprises about 9.9% of Mountain Lake Investment Management LLC’s investment portfolio, making the stock its 3rd largest holding. Mountain Lake Investment Management LLC owned 1.28% of Alliance Holdings GP worth $19,133,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Deutsche Bank AG raised its position in Alliance Holdings GP by 45.7% in the fourth quarter. Deutsche Bank AG now owns 209,797 shares of the energy company’s stock worth $5,619,000 after acquiring an additional 65,782 shares in the last quarter. Goldman Sachs Group Inc. raised its position in Alliance Holdings GP by 43.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 631,946 shares of the energy company’s stock worth $16,929,000 after acquiring an additional 192,184 shares in the last quarter. Wells Fargo & Company MN raised its position in Alliance Holdings GP by 32.1% in the fourth quarter. Wells Fargo & Company MN now owns 608,626 shares of the energy company’s stock worth $16,305,000 after acquiring an additional 147,988 shares in the last quarter. Magnolia Group LLC raised its position in Alliance Holdings GP by 171.1% in the fourth quarter. Magnolia Group LLC now owns 398,033 shares of the energy company’s stock worth $10,663,000 after acquiring an additional 251,229 shares in the last quarter. Finally, Cushing Asset Management LP raised its position in Alliance Holdings GP by 11.8% in the fourth quarter. Cushing Asset Management LP now owns 19,000 shares of the energy company’s stock worth $509,000 after acquiring an additional 2,000 shares in the last quarter. Institutional investors and hedge funds own 21.00% of the company’s stock.

Shares of Alliance Holdings GP opened at $28.37 on Thursday, MarketBeat reports. The company has a current ratio of 1.15, a quick ratio of 0.82 and a debt-to-equity ratio of 0.35. Alliance Holdings GP, L.P. has a 52 week low of $22.56 and a 52 week high of $31.79. The stock has a market capitalization of $1.70 billion, a price-to-earnings ratio of 8.87 and a beta of 0.58.

Alliance Holdings GP (NASDAQ:AHGP) last posted its quarterly earnings data on Monday, April 30th. The energy company reported $1.73 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.77. The firm had revenue of $457.04 million for the quarter. Alliance Holdings GP had a return on equity of 20.35% and a net margin of 13.10%.

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 18th. Shareholders of record on Friday, May 11th were issued a dividend of $0.748 per share. This represents a $2.99 annualized dividend and a yield of 10.55%. The ex-dividend date of this dividend was Thursday, May 10th. This is an increase from Alliance Holdings GP’s previous quarterly dividend of $0.74. Alliance Holdings GP’s payout ratio is presently 93.44%.

Several equities research analysts have commented on the stock. ValuEngine upgraded shares of Alliance Holdings GP from a “sell” rating to a “hold” rating in a research report on Saturday, May 26th. TheStreet upgraded shares of Alliance Holdings GP from a “c+” rating to a “b-” rating in a research report on Tuesday, May 22nd. BidaskClub upgraded shares of Alliance Holdings GP from a “strong sell” rating to a “sell” rating in a research report on Wednesday, May 23rd. Finally, Zacks Investment Research cut shares of Alliance Holdings GP from a “buy” rating to a “hold” rating in a research report on Tuesday, March 20th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $31.33.

Alliance Holdings GP Profile

Alliance Holdings GP, L.P., together with its subsidiaries, produces and markets coal primarily to utilities and industrial users in the United States. It operates through Illinois Basin and Appalachia segments. The company operates eight underground mining complexes in Illinois, Indiana, Kentucky, Maryland, and West Virginia.

Institutional Ownership by Quarter for Alliance Holdings GP (NASDAQ:AHGP)

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