Atlas Energy Solutions Inc. (NYSE:AESI) Shares Purchased by Keeley Teton Advisors LLC

Keeley Teton Advisors LLC raised its position in Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) by 14.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 209,967 shares of the company's stock after purchasing an additional 27,125 shares during the period. Keeley Teton Advisors LLC owned about 0.19% of Atlas Energy Solutions worth $4,657,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. CBIZ Investment Advisory Services LLC lifted its stake in shares of Atlas Energy Solutions by 62.9% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 1,354 shares of the company's stock valued at $30,000 after buying an additional 523 shares during the period. Global Retirement Partners LLC lifted its stake in shares of Atlas Energy Solutions by 191.9% during the 4th quarter. Global Retirement Partners LLC now owns 1,941 shares of the company's stock worth $43,000 after purchasing an additional 1,276 shares during the period. Promus Capital LLC acquired a new stake in shares of Atlas Energy Solutions during the fourth quarter worth $55,000. FMR LLC grew its position in shares of Atlas Energy Solutions by 101.0% in the third quarter. FMR LLC now owns 2,696 shares of the company's stock valued at $59,000 after purchasing an additional 1,355 shares during the period. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of Atlas Energy Solutions in the fourth quarter valued at $155,000. 34.59% of the stock is owned by institutional investors and hedge funds.

Atlas Energy Solutions Stock Up 3.4 %

Atlas Energy Solutions stock traded up $0.46 during trading on Friday, reaching $14.12. 993,147 shares of the company's stock were exchanged, compared to its average volume of 1,237,338. Atlas Energy Solutions Inc. has a 52-week low of $12.41 and a 52-week high of $26.86. The firm has a market cap of $1.72 billion, a price-to-earnings ratio of 17.87 and a beta of 1.20. 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's 50-day moving average is $17.55 and its two-hundred day moving average is $20.48.

Atlas Energy Solutions (NYSE:AESI - Get Free Report) last issued its earnings results on Monday, February 24th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.12). The company had revenue of $271.34 million during the quarter, compared to analysts' expectations of $272.94 million. Atlas Energy Solutions had a return on equity of 11.01% and a net margin of 8.78%. On average, analysts predict that Atlas Energy Solutions Inc. will post 0.83 earnings per share 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 given a dividend of $0.25 per share. This is a boost from Atlas Energy Solutions's previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a dividend yield of 7.08%. The ex-dividend date was Friday, February 21st. Atlas Energy Solutions's payout ratio is presently 178.57%.

Insider Activity

In other Atlas Energy Solutions news, major shareholder Gregory M. Shepard purchased 32,155 shares of the business's stock in a transaction that occurred on Thursday, February 27th. The shares were acquired at an average price of $19.04 per share, for a total transaction of $612,231.20. Following the completion of the purchase, the insider now owns 7,651,210 shares in the company, valued at $145,679,038.40. The trade was a 0.42 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Brian Anthony Leveille sold 5,000 shares of the firm's stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $23.88, for a total value of $119,400.00. Following the sale, the insider now owns 382,010 shares of the company's stock, valued at approximately $9,122,398.80. This trade represents a 1.29 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 27,500 shares of company stock worth $650,150. 15.98% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have issued reports on AESI shares. Raymond James lowered Atlas Energy Solutions from a "strong-buy" rating to a "hold" rating in a research note on Monday, January 6th. Barclays lowered their target price 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. Benchmark cut 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. Stephens boosted their price objective on shares of Atlas Energy Solutions from $28.00 to $29.00 and gave the company an "overweight" rating in a research note on Tuesday, January 28th. Finally, Bank of America restated a "neutral" rating and set a $22.50 price objective on shares of Atlas Energy Solutions in a report on Monday, January 13th. Six analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $22.44.

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.