Atlas Energy Solutions Inc. (NYSE:AESI) Shares Acquired by Beck Capital Management LLC

Beck Capital Management LLC grew its position in Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) by 60.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 214,823 shares of the company's stock after purchasing an additional 80,679 shares during the period. Atlas Energy Solutions makes up 1.3% of Beck Capital Management LLC's holdings, making the stock its 29th largest position. Beck Capital Management LLC owned approximately 0.19% of Atlas Energy Solutions worth $4,765,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD grew its position in Atlas Energy Solutions by 25.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,390,269 shares of the company's stock worth $75,197,000 after purchasing an additional 689,846 shares during the period. Stifel Financial Corp grew its stake in shares of Atlas Energy Solutions by 15.9% during the 4th quarter. Stifel Financial Corp now owns 146,806 shares of the company's stock worth $3,256,000 after purchasing an additional 20,139 shares during the period. State of Tennessee Department of Treasury purchased a new position in shares of Atlas Energy Solutions during the 4th quarter valued at approximately $331,000. Tower Research Capital LLC TRC boosted its holdings in Atlas Energy Solutions by 307.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,387 shares of the company's stock worth $31,000 after buying an additional 1,047 shares in the last quarter. Finally, Voss Capital LP purchased a new position in Atlas Energy Solutions in the fourth quarter valued at $11,513,000. Institutional investors and hedge funds own 34.59% of the company's stock.

Insider Transactions at Atlas Energy Solutions

In other Atlas Energy Solutions news, major shareholder Brian Anthony Leveille sold 12,500 shares of the company's stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $24.46, for a total value of $305,750.00. Following the transaction, the insider now directly owns 362,010 shares in the company, valued at approximately $8,854,764.60. This represents a 3.34 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Gregory M. Shepard acquired 32,155 shares of the business's stock in a transaction dated Thursday, February 27th. The stock was purchased at an average cost of $19.04 per share, with a total value of $612,231.20. Following the transaction, the insider now owns 7,651,210 shares of the company's stock, valued at approximately $145,679,038.40. The trade was a 0.42 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 15.98% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Stephens lifted their price target on Atlas Energy Solutions from $28.00 to $29.00 and gave the company an "overweight" rating in a research note on Tuesday, January 28th. Barclays cut their price target on shares of Atlas Energy Solutions from $23.00 to $19.00 and set an "equal weight" rating for the company in a report on Monday, March 3rd. Royal Bank of Canada reiterated an "outperform" rating and issued a $25.00 target price on shares of Atlas Energy Solutions in a research report on Wednesday, April 2nd. Benchmark decreased their price target on shares of Atlas Energy Solutions from $28.00 to $25.00 and set a "buy" rating on the stock in a research note on Wednesday, February 26th. Finally, Bank of America reissued a "neutral" rating and issued a $22.50 price target on shares of Atlas Energy Solutions in a research note on Monday, January 13th. Six research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Atlas Energy Solutions presently has an average rating of "Moderate Buy" and an average price target of $22.44.

Atlas Energy Solutions Trading Down 0.3 %

NYSE AESI opened at $13.64 on Wednesday. Atlas Energy Solutions Inc. has a 52 week low of $12.41 and a 52 week high of $26.86. The firm has a 50 day moving average of $17.26 and a two-hundred day moving average of $20.36. The stock has a market capitalization of $1.66 billion, a PE ratio of 17.26 and a beta of 1.20. The company has a quick ratio of 1.08, a current ratio of 1.23 and a debt-to-equity ratio of 0.42.

Atlas Energy Solutions (NYSE:AESI - Get Free Report) last announced its quarterly earnings results on Monday, February 24th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.12). The company had revenue of $271.34 million for the quarter, compared to analyst estimates of $272.94 million. Atlas Energy Solutions had a return on equity of 11.01% and a net margin of 8.78%. As a group, research analysts expect that Atlas Energy Solutions Inc. will post 0.83 EPS for the current fiscal year.

Atlas Energy Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 7.33%. This is a positive change from Atlas Energy Solutions's previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Friday, February 21st. Atlas Energy Solutions's dividend payout ratio (DPR) is 178.57%.

Atlas Energy Solutions 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.

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