Insider Selling: Charles R. Wesley Sells 10,787 Shares of Alliance Holdings GP, L.P. Stock (AHGP)
Alliance Holdings GP, L.P. (NASDAQ:AHGP) Insider Charles R. Wesley unloaded 10,787 shares of the stock on the open market in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $62.65, for a total transaction of $675,805.55. Following the transaction, the insider now directly owns 2,445,238 shares of the company’s stock, valued at approximately $153,194,161. The sale was disclosed in a document filed with the SEC, which is available at this link.
Shares of Alliance Holdings GP, L.P. (NASDAQ:AHGP) traded down 0.27% on Thursday, hitting $62.05. The stock had a trading volume of 42,809 shares. Alliance Holdings GP, L.P. has a 1-year low of $49.53 and a 1-year high of $66.27. The stock’s 50-day moving average is $57.35 and its 200-day moving average is $59.21. The company has a market cap of $3.714 billion and a P/E ratio of 15.93.
Alliance Holdings GP, L.P. (NASDAQ:AHGP) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.07. The company had revenue of $566.62 million for the quarter, compared to the consensus estimate of $542.18 million. During the same quarter last year, the company posted $0.88 earnings per share. Alliance Holdings GP, L.P.’s revenue was up 3.1% compared to the same quarter last year. Analysts expect that Alliance Holdings GP, L.P. will post $3.90 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, February 19th. Investors of record on Wednesday, February 12th will be paid a dividend of 0.8275 per share. This represents a $3.31 annualized dividend and a dividend yield of 5.33%. The ex-dividend date is Monday, February 10th. This is an increase from Alliance Holdings GP, L.P.’s previous quarterly dividend of $0.81.
Alliance Holdings GP, L.P. (NASDAQ:AHGP) owns, directly and indirectly, 100% of the members’ interest in Alliance Resource Management GP, LLC (MGP), the managing general partner of Alliance Resource Partners, L.
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