Atlas Energy Solutions Inc. (NYSE:AESI) Major Shareholder Sells $180,000.00 in Stock

Atlas Energy Solutions Inc. (NYSE:AESI - Get Free Report) major shareholder Brian Anthony Leveille sold 7,500 shares of the company's stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $24.00, for a total transaction of $180,000.00. Following the sale, the insider now directly owns 397,010 shares of the company's stock, valued at $9,528,240. This represents a 1.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Major shareholders that own at least 10% of a company's stock are required to disclose their transactions with the SEC.

Brian Anthony Leveille also recently made the following trade(s):

• On Thursday, January 2nd, Brian Anthony Leveille sold 5,000 shares of Atlas Energy Solutions stock. The shares were sold at an average price of $23.00, for a total transaction of $115,000.00.
• On Monday, December 16th, Brian Anthony Leveille sold 5,000 shares of Atlas Energy Solutions stock. The shares were sold at an average price of $23.17, for a total value of $115,850.00.
• On Tuesday, December 3rd, Brian Anthony Leveille sold 12,500 shares of Atlas Energy Solutions stock. The shares were sold at an average price of $23.95, for a total value of $299,375.00.
• On Monday, November 25th, Brian Anthony Leveille sold 30,000 shares of Atlas Energy Solutions stock. The stock was sold at an average price of $24.02, for a total value of $720,600.00.
• On Thursday, November 21st, Brian Anthony Leveille sold 10,000 shares of Atlas Energy Solutions stock. The stock was sold at an average price of $21.50, for a total value of $215,000.00.
• On Monday, November 18th, Brian Anthony Leveille sold 10,000 shares of Atlas Energy Solutions stock. The stock was sold at an average price of $20.70, for a total value of $207,000.00.
• On Wednesday, November 6th, Brian Anthony Leveille sold 20,000 shares of Atlas Energy Solutions stock. The stock was sold at an average price of $21.39, for a total value of $427,800.00.
• On Tuesday, October 29th, Brian Anthony Leveille sold 10,000 shares of Atlas Energy Solutions stock. The stock was sold at an average price of $21.02, for a total value of $210,200.00.

Atlas Energy Solutions Stock Performance

AESI stock traded down $0.43 during midday trading on Friday, hitting $24.20. The stock had a trading volume of 2,093,162 shares, compared to its average volume of 678,531. The firm has a market capitalization of $2.67 billion, a price-to-earnings ratio of 30.64, a P/E/G ratio of 5.55 and a beta of 1.03. Atlas Energy Solutions Inc. has a 52 week low of $16.15 and a 52 week high of $25.38. The stock has a 50-day simple moving average of $22.44 and a 200 day simple moving average of $21.27. The company has a current ratio of 1.23, a quick ratio of 1.08 and a debt-to-equity ratio of 0.42.

Atlas Energy Solutions (NYSE:AESI - Get Free Report) last issued its earnings results on Monday, October 28th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.25). Atlas Energy Solutions had a return on equity of 11.01% and a net margin of 8.78%. The firm had revenue of $304.40 million during the quarter, compared to the consensus estimate of $307.93 million. During the same period last year, the business earned $0.51 earnings per share. The firm's revenue for the quarter was up 93.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Atlas Energy Solutions Inc. will post 0.87 earnings per share for the current year.

Atlas Energy Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Thursday, November 7th were paid a dividend of $0.24 per share. This is a positive change from Atlas Energy Solutions's previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a yield of 3.97%. The ex-dividend date of this dividend was Thursday, November 7th. Atlas Energy Solutions's dividend payout ratio is currently 121.52%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Rhumbline Advisers increased its stake in shares of Atlas Energy Solutions by 230.1% in the second quarter. Rhumbline Advisers now owns 84,612 shares of the company's stock valued at $1,686,000 after buying an additional 58,981 shares in the last quarter. Arizona State Retirement System acquired a new stake in shares of Atlas Energy Solutions in the second quarter valued at $215,000. DekaBank Deutsche Girozentrale increased its stake in shares of Atlas Energy Solutions by 54.1% in the second quarter. DekaBank Deutsche Girozentrale now owns 5,297 shares of the company's stock valued at $107,000 after buying an additional 1,860 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Atlas Energy Solutions by 127.7% in the second quarter. Envestnet Asset Management Inc. now owns 249,826 shares of the company's stock valued at $4,979,000 after buying an additional 140,110 shares in the last quarter. Finally, Dimensional Fund Advisors LP acquired a new stake in shares of Atlas Energy Solutions in the second quarter valued at $280,000. 34.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. The Goldman Sachs Group assumed coverage on Atlas Energy Solutions in a research report on Friday, December 13th. They issued a "neutral" rating and a $23.00 price objective for the company. Citigroup cut Atlas Energy Solutions from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $23.00 to $22.00 in a research report on Thursday, November 14th. Raymond James cut Atlas Energy Solutions from a "strong-buy" rating to a "hold" rating in a research report on Monday, January 6th. Bank of America reissued a "neutral" rating and issued a $22.50 price objective on shares of Atlas Energy Solutions in a research report on Monday, January 13th. Finally, Pickering Energy Partners cut Atlas Energy Solutions from an "outperform" rating to a "neutral" rating in a research report on Wednesday, October 30th. Six equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $24.50.

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.