Chatham Capital Group Inc. Makes New Investment in Atlas Energy Solutions Inc. (NYSE:AESI)

Chatham Capital Group Inc. acquired a new stake in shares of Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 55,275 shares of the company's stock, valued at approximately $1,226,000. Chatham Capital Group Inc. owned about 0.05% of Atlas Energy Solutions at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Stifel Financial Corp grew its position in Atlas Energy Solutions by 28.6% during the 3rd quarter. Stifel Financial Corp now owns 126,667 shares of the company's stock worth $2,761,000 after acquiring an additional 28,158 shares during the last quarter. Louisiana State Employees Retirement System bought a new position in Atlas Energy Solutions during the 4th quarter worth approximately $650,000. Hodges Capital Management Inc. grew its position in Atlas Energy Solutions by 44.7% during the 4th quarter. Hodges Capital Management Inc. now owns 194,000 shares of the company's stock worth $4,302,000 after acquiring an additional 59,940 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Atlas Energy Solutions by 5.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 518,569 shares of the company's stock worth $11,305,000 after acquiring an additional 25,999 shares during the last quarter. Finally, Copeland Capital Management LLC grew its position in Atlas Energy Solutions by 19.3% during the 4th quarter. Copeland Capital Management LLC now owns 2,247,774 shares of the company's stock worth $49,856,000 after acquiring an additional 363,742 shares during the last quarter. 34.59% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Barclays reduced their price target on Atlas Energy Solutions from $23.00 to $19.00 and set an "equal weight" rating on the stock in a research report on Monday, March 3rd. Citigroup lowered Atlas Energy Solutions from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $23.00 to $22.00 in a research report on Thursday, November 14th. Stephens lifted their price objective on Atlas Energy Solutions from $28.00 to $29.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 28th. Benchmark cut their price objective on Atlas Energy Solutions from $28.00 to $25.00 and set a "buy" rating on the stock in a research report on Wednesday, February 26th. Finally, The Goldman Sachs Group began coverage on Atlas Energy Solutions in a research report on Friday, December 13th. They issued a "neutral" rating and a $23.00 price objective on the stock. Six analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $24.39.

Insider Activity

In other Atlas Energy Solutions news, major shareholder Gregory M. Shepard bought 32,155 shares of Atlas Energy Solutions stock in a transaction on Thursday, February 27th. The stock was acquired at an average price of $19.04 per share, with a total value of $612,231.20. Following the acquisition, the insider now owns 7,651,210 shares in the company, valued at approximately $145,679,038.40. This trade represents a 0.42 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Brian Anthony Leveille sold 12,500 shares of Atlas Energy Solutions stock in a transaction on Monday, January 27th. The stock was sold at an average price of $24.46, for a total value of $305,750.00. Following the completion of the sale, the insider now directly owns 362,010 shares of the company's stock, valued at approximately $8,854,764.60. The trade was a 3.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 63,571 shares of company stock worth $1,473,876 in the last quarter. 24.34% of the stock is owned by company insiders.

Atlas Energy Solutions Stock Down 0.4 %

Shares of AESI traded down $0.08 on Monday, reaching $17.62. The stock had a trading volume of 2,042,544 shares, compared to its average volume of 1,616,479. The firm has a market capitalization of $2.15 billion, a price-to-earnings ratio of 22.31 and a beta of 1.18. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.08 and a current ratio of 1.23. The company has a 50-day simple moving average of $21.89 and a 200-day simple moving average of $21.60. Atlas Energy Solutions Inc. has a 12-month low of $16.98 and a 12-month high of $26.86.

Atlas Energy Solutions (NYSE:AESI - Get Free Report) last released its earnings results on Monday, February 24th. The company reported $0.06 EPS for the quarter, missing analysts' consensus estimates of $0.18 by ($0.12). The firm had revenue of $271.34 million during the quarter, compared to analysts' expectations of $272.94 million. Atlas Energy Solutions had a net margin of 8.78% and a return on equity of 11.01%. Sell-side analysts predict that Atlas Energy Solutions Inc. will post 0.83 EPS for the current year.

Atlas Energy Solutions Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.67%. The ex-dividend date of this dividend was Friday, February 21st. This is a boost from Atlas Energy Solutions's previous quarterly dividend of $0.24. Atlas Energy Solutions's dividend payout ratio (DPR) is presently 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.