Mesirow Institutional Investment Management Inc. Grows Stock Position in Atlas Energy Solutions Inc. (NYSE:AESI)

Mesirow Institutional Investment Management Inc. boosted its holdings in Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) by 8.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 518,838 shares of the company's stock after buying an additional 40,749 shares during the quarter. Mesirow Institutional Investment Management Inc. owned approximately 0.47% of Atlas Energy Solutions worth $11,508,000 at the end of the most recent quarter.

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

Insider Transactions at Atlas Energy Solutions

In other Atlas Energy Solutions news, major shareholder Stacy Hock sold 10,000 shares of the company's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $22.50, for a total transaction of $225,000.00. Following the transaction, the insider now directly owns 897,604 shares in the company, valued at approximately $20,196,090. This represents a 1.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Gregory M. Shepard bought 32,155 shares of the company's stock in a transaction on Thursday, February 27th. The stock was bought at an average cost of $19.04 per share, with a total value of $612,231.20. Following the completion of the acquisition, the insider now owns 7,651,210 shares of the company's stock, valued at $145,679,038.40. This represents a 0.42 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 15.98% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on AESI. Bank of America reiterated a "neutral" rating and set a $22.50 price target on shares of Atlas Energy Solutions in a research note on Monday, January 13th. Benchmark reduced their target price on Atlas Energy Solutions from $28.00 to $25.00 and set a "buy" rating for the company in a report on Wednesday, February 26th. The Goldman Sachs Group dropped their price target on Atlas Energy Solutions from $22.00 to $15.00 and set a "neutral" rating on the stock in a research note on Thursday, April 10th. Stephens boosted their price objective on 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, Barclays cut their target price on shares of Atlas Energy Solutions from $23.00 to $19.00 and set an "equal weight" rating on the stock in a report on Monday, March 3rd. Six research 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. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $22.44.

Atlas Energy Solutions Stock Performance

NYSE:AESI traded up $0.09 during midday trading on Wednesday, reaching $13.75. The stock had a trading volume of 1,602,746 shares, compared to its average volume of 1,250,296. The company has a quick ratio of 1.08, a current ratio of 1.23 and a debt-to-equity ratio of 0.42. The stock has a market cap of $1.67 billion, a P/E ratio of 17.41 and a beta of 1.20. The firm has a fifty day simple moving average of $17.10 and a two-hundred day simple moving average of $20.31. Atlas Energy Solutions Inc. has a 12-month low of $12.41 and a 12-month high of $26.86.

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 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%. On average, equities analysts expect that Atlas Energy Solutions Inc. will post 0.83 EPS for the current year.

Atlas Energy Solutions Increases Dividend

The firm also recently announced 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 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. This represents a $1.00 annualized dividend and a yield of 7.27%. 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.