Gordian Capital Singapore Pte Ltd Purchases New Holdings in Atlas Energy Solutions Inc. (NYSE:AESI)

Gordian Capital Singapore Pte Ltd purchased a new stake in shares of Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 36,000 shares of the company's stock, valued at approximately $785,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. increased its position in Atlas Energy Solutions by 313.7% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,725 shares of the company's stock valued at $34,000 after acquiring an additional 1,308 shares in the last quarter. Amalgamated Bank increased its holdings in shares of Atlas Energy Solutions by 328.1% in the second quarter. Amalgamated Bank now owns 2,350 shares of the company's stock valued at $47,000 after purchasing an additional 1,801 shares in the last quarter. Quest Partners LLC acquired a new position in Atlas Energy Solutions during the 3rd quarter worth $48,000. FMR LLC boosted its position in Atlas Energy Solutions by 101.0% in the 3rd quarter. FMR LLC now owns 2,696 shares of the company's stock valued at $59,000 after buying an additional 1,355 shares during the last quarter. Finally, CWM LLC increased its stake in shares of Atlas Energy Solutions by 47.1% in the 3rd quarter. CWM LLC now owns 2,766 shares of the company's stock valued at $60,000 after buying an additional 886 shares during the period. 34.59% of the stock is currently owned by institutional investors and hedge funds.

Atlas Energy Solutions Trading Up 1.5 %

NYSE:AESI traded up $0.33 on Monday, reaching $22.70. The company's stock had a trading volume of 650,824 shares, compared to its average volume of 960,319. Atlas Energy Solutions Inc. has a 1-year low of $15.55 and a 1-year high of $24.93. The business's 50-day moving average price is $21.35 and its two-hundred day moving average price is $21.03. The firm has a market cap of $2.50 billion, a PE ratio of 28.32, a PEG ratio of 11.31 and a beta of 0.95. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.08 and a current ratio of 1.23.

Atlas Energy Solutions (NYSE:AESI - Get Free Report) last issued its quarterly earnings data on Monday, October 28th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.25). Atlas Energy Solutions had a net margin of 8.78% and a return on equity of 11.01%. The business had revenue of $304.40 million during the quarter, compared to analyst estimates of $307.93 million. During the same quarter in the prior year, the firm posted $0.51 earnings per share. Atlas Energy Solutions's revenue for the quarter was up 93.1% compared to the same quarter last year. Equities research analysts anticipate that Atlas Energy Solutions Inc. will post 0.88 earnings per share for the current fiscal year.

Atlas Energy Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Thursday, November 7th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.23%. This is a positive change from Atlas Energy Solutions's previous quarterly dividend of $0.23. The ex-dividend date was Thursday, November 7th. Atlas Energy Solutions's dividend payout ratio (DPR) is presently 121.52%.

Insider Activity at Atlas Energy Solutions

In other Atlas Energy Solutions news, major shareholder Brian Anthony Leveille sold 30,000 shares of the business's stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $24.02, for a total value of $720,600.00. Following the sale, the insider now owns 432,010 shares in the company, valued at approximately $10,376,880.20. The trade was a 6.49 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Gregory M. Shepard purchased 13,363 shares of the firm's stock in a transaction dated Monday, November 4th. The shares were acquired at an average cost of $19.19 per share, with a total value of $256,435.97. Following the completion of the purchase, the insider now directly owns 7,619,055 shares in the company, valued at approximately $146,209,665.45. This represents a 0.18 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 60,869 shares of company stock valued at $1,187,983 and have sold 128,213 shares valued at $2,816,806. 24.34% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

AESI has been the topic of several recent research reports. Citigroup cut Atlas Energy Solutions from a "buy" rating to a "neutral" rating and decreased their price target for the company from $23.00 to $22.00 in a report on Thursday, November 14th. Royal Bank of Canada reiterated an "outperform" rating and set a $25.00 price target on shares of Atlas Energy Solutions in a research report on Wednesday, October 30th. Pickering Energy Partners lowered shares of Atlas Energy Solutions from an "outperform" rating to a "neutral" rating in a report on Wednesday, October 30th. The Goldman Sachs Group lowered shares of Atlas Energy Solutions from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $23.00 to $21.00 in a report on Thursday, November 7th. Finally, Barclays downgraded Atlas Energy Solutions from an "overweight" rating to an "equal weight" rating and cut their price target for the company from $23.00 to $19.00 in a research note on Tuesday, November 12th. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $24.44.

Atlas Energy Solutions Company Profile

Atlas Energy Solutions Inc engages in the production, processing, and sale of mesh and sand that are used as a proppant during the well completion process in the Permian Basin of Texas and New Mexico. The company provides transportation and logistics, storage solutions, and contract labor services. It sells its products and services to oil and natural gas exploration and production companies, and oilfield services companies.