Simplex Trading buys $791,968 stake in Alliance Holdings GP L.P. (AHGP)

Alliance Holdings GP L.P. (AHGP) : Simplex Trading scooped up 16,007 additional shares in Alliance Holdings GP L.P. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 7, 2016. The investment management firm now holds a total of 28,757 shares of Alliance Holdings GP L.P. which is valued at $791,968.Alliance Holdings GP L.P. makes up approximately 0.10% of Simplex Trading’s portfolio.

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Alliance Holdings GP L.P. closed down -0.17 points or -0.61% at $27.54 with 69,693 shares getting traded on Friday. Post opening the session at $27.75, the shares hit an intraday low of $27.26 and an intraday high of $27.95 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Alliance Holdings GP L.P. reported $0.76 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Jul 26, 2016. Analyst had a consensus of $0.66. The company had revenue of $439.04 million for the quarter, compared to analysts expectations of $427.60 million. The company’s revenue was down -27.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.02 EPS.

Alliance Holdings GP L.P. (AHGP) owns directly and indirectly 100% of the members’ interest in Alliance Resource Management GP LLC (MGP). MGP is a managing general partner of Alliance Resource Partners L.P. (ARLP). The ARLP Partnership is a diversified producer and marketer of coal primarily to United States utilities and industrial users. The Company operates in four segments: Illinois Basin Appalachia White Oak and Other and Corporate. The ARLP Partnership operates in the eastern U.S. as a producer and marketer of coal to major utilities and industrial users. The ARLP Partnership operates ten underground mining complexes in Illinois Indiana Kentucky Maryland and West Virginia. The ARLP Partnership also operates a coal loading terminal on the Ohio River at Mt. Vernon Indiana.

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