Maryland State Retirement & Pension System Invests $453,000 in Atlas Energy Solutions Inc. (NYSE:AESI)

Maryland State Retirement & Pension System acquired a new position in Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 20,410 shares of the company's stock, valued at approximately $453,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Quest Partners LLC bought a new position in Atlas Energy Solutions in the third quarter valued at $48,000. Intech Investment Management LLC bought a new position in shares of Atlas Energy Solutions during the 3rd quarter valued at about $323,000. Charles Schwab Investment Management Inc. raised its holdings in shares of 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 valued at $11,305,000 after buying an additional 25,999 shares in the last quarter. FMR LLC boosted its stake in Atlas Energy Solutions by 101.0% in the third quarter. FMR LLC now owns 2,696 shares of the company's stock worth $59,000 after buying an additional 1,355 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in Atlas Energy Solutions by 69.3% in the third quarter. BNP Paribas Financial Markets now owns 34,438 shares of the company's stock worth $751,000 after buying an additional 14,093 shares in the last quarter. 34.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on AESI shares. Raymond James lowered shares of Atlas Energy Solutions from a "strong-buy" rating to a "hold" rating in a report on Monday, January 6th. Royal Bank of Canada reduced their price objective on Atlas Energy Solutions from $28.00 to $25.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 26th. Barclays lowered their target price on Atlas Energy Solutions from $23.00 to $19.00 and set an "equal weight" rating for the company in a research note on Monday, March 3rd. The Goldman Sachs Group started coverage on Atlas Energy Solutions in a research note on Friday, December 13th. They issued a "neutral" rating and a $23.00 price target on the stock. Finally, Bank of America reiterated a "neutral" rating and issued a $22.50 price objective on shares of Atlas Energy Solutions in a research report on Monday, January 13th. 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. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $23.83.

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Insiders Place Their Bets

In other news, major shareholder Brian Anthony Leveille sold 12,500 shares of the business's stock in a transaction on Monday, January 27th. The shares were sold at an average price of $24.46, for a total transaction of $305,750.00. Following the sale, the insider now owns 362,010 shares in the company, valued at approximately $8,854,764.60. The trade was a 3.34 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Gregory M. Shepard purchased 32,155 shares of the stock in a transaction that occurred on Thursday, February 27th. The shares were acquired at an average cost of $19.04 per share, with a total value of $612,231.20. Following the completion of the transaction, the insider now owns 7,651,210 shares in the company, valued at $145,679,038.40. This trade represents a 0.42 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 50,000 shares of company stock worth $1,164,750. Company insiders own 24.34% of the company's stock.

Atlas Energy Solutions Trading Down 1.7 %

Shares of Atlas Energy Solutions stock traded down $0.31 during midday trading on Friday, reaching $17.77. 1,474,331 shares of the company's stock traded hands, compared to its average volume of 1,160,145. The stock has a 50 day moving average of $20.48 and a 200-day moving average of $21.32. Atlas Energy Solutions Inc. has a 12 month low of $16.98 and a 12 month high of $26.86. The company has a market cap of $2.16 billion, a PE ratio of 22.49 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.

Atlas Energy Solutions (NYSE:AESI - Get Free Report) last issued its quarterly earnings data on Monday, February 24th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.12). Atlas Energy Solutions had a return on equity of 11.01% and a net margin of 8.78%. The company had revenue of $271.34 million during the quarter, compared to the consensus estimate of $272.94 million. As a group, equities 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. Shareholders of record on Friday, February 21st were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 5.63%. This is a boost 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 payout ratio 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.