29,300 Shares in Atlas Energy Solutions Inc. (NYSE:AESI) Acquired by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System purchased a new position in Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 29,300 shares of the company's stock, valued at approximately $650,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Quest Partners LLC purchased a new position in Atlas Energy Solutions during the third quarter valued at $48,000. FMR LLC lifted its position in Atlas Energy Solutions by 101.0% during the third 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 period. CWM LLC lifted its position in Atlas Energy Solutions by 47.1% during the third 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. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Atlas Energy Solutions by 55.2% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,745 shares of the company's stock valued at $125,000 after buying an additional 2,043 shares during the period. Finally, Emerald Advisers LLC raised its position in shares of Atlas Energy Solutions by 28.4% in the 3rd quarter. Emerald Advisers LLC now owns 10,850 shares of the company's stock worth $237,000 after purchasing an additional 2,400 shares during the last quarter. Hedge funds and other institutional investors own 34.59% of the company's stock.

Insider Buying and Selling at Atlas Energy Solutions

In other Atlas Energy Solutions news, major shareholder Stacy Hock sold 8,571 shares of the business's stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $22.55, for a total transaction of $193,276.05. Following the completion of the sale, the insider now directly owns 917,604 shares in the company, valued at $20,691,970.20. The trade was a 0.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Brian Anthony Leveille sold 12,500 shares of the business's stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $23.95, for a total value of $299,375.00. Following the sale, the insider now owns 419,510 shares of the company's stock, valued at approximately $10,047,264.50. This represents a 2.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 106,071 shares of company stock worth $2,493,851 in the last three months. 24.34% of the stock is currently owned by company insiders.

Atlas Energy Solutions Stock Performance

NYSE AESI traded down $0.96 during trading hours on Friday, hitting $20.61. The company's stock had a trading volume of 1,602,495 shares, compared to its average volume of 1,581,200. Atlas Energy Solutions Inc. has a 12 month low of $17.49 and a 12 month high of $26.86. The company's 50 day simple moving average is $22.61 and its two-hundred day simple moving average is $21.64. The company has a market cap of $2.27 billion, a P/E ratio of 26.08 and a beta of 1.03. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.23 and a quick ratio of 1.08.

Atlas Energy Solutions Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 21st will be paid a dividend of $0.25 per share. This is an increase 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 4.85%. The ex-dividend date is Friday, February 21st. Atlas Energy Solutions's payout ratio is currently 121.52%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on AESI. Pickering Energy Partners lowered Atlas Energy Solutions from an "outperform" rating to a "neutral" rating in a research report on Wednesday, October 30th. Stephens lifted their price target 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. Raymond James lowered Atlas Energy Solutions from a "strong-buy" rating to a "hold" rating in a research report on Monday, January 6th. Citigroup lowered Atlas Energy Solutions from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $23.00 to $22.00 in a research report on Thursday, November 14th. Finally, Royal Bank of Canada lifted their price target on Atlas Energy Solutions from $27.00 to $28.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 28th. Six equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Atlas Energy Solutions currently has a consensus rating of "Moderate Buy" and an average price target of $25.50.

About Atlas Energy Solutions

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.