Orvieto Partners L.P. Makes New $1.55 Million Investment in Atlas Energy Solutions Inc. (NYSE:AESI)

Orvieto Partners L.P. purchased a new stake in shares of Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 70,000 shares of the company's stock, valued at approximately $1,553,000. Atlas Energy Solutions makes up 1.3% of Orvieto Partners L.P.'s portfolio, making the stock its 24th biggest position. Orvieto Partners L.P. owned 0.06% of Atlas Energy Solutions at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. CBIZ Investment Advisory Services LLC increased its position in shares of Atlas Energy Solutions by 62.9% in 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 in the last quarter. Tower Research Capital LLC TRC increased its position in shares of Atlas Energy Solutions by 307.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,387 shares of the company's stock valued at $31,000 after buying an additional 1,047 shares in the last quarter. Global Retirement Partners LLC increased its position in shares of 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 buying an additional 1,276 shares in the last quarter. Promus Capital LLC purchased a new stake in shares of Atlas Energy Solutions in the fourth quarter valued at approximately $55,000. Finally, FMR LLC increased 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 buying an additional 1,355 shares in the last quarter. 34.59% of the stock is currently owned by hedge funds and other institutional investors.

Atlas Energy Solutions Price Performance

Shares of NYSE:AESI traded down $0.10 during midday trading on Tuesday, hitting $14.30. The company's stock had a trading volume of 375,379 shares, compared to its average volume of 1,692,850. 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 business's 50 day simple moving average is $16.63 and its 200 day simple moving average is $20.15. Atlas Energy Solutions Inc. has a 12-month low of $12.41 and a 12-month high of $26.86. The company has a market cap of $1.74 billion, a P/E ratio of 18.10 and a beta of 1.20.

Atlas Energy Solutions (NYSE:AESI - Get Free Report) last announced its quarterly earnings results on Monday, February 24th. The company reported $0.06 earnings per share for the quarter, missing analysts' consensus estimates of $0.18 by ($0.12). Atlas Energy Solutions had a net margin of 8.78% and a return on equity of 11.01%. The company had revenue of $271.34 million for the quarter, compared to analyst estimates of $272.94 million. On average, analysts forecast that Atlas Energy Solutions Inc. will post 0.83 EPS for the current year.

Atlas Energy Solutions Increases Dividend

The business also recently declared 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. The ex-dividend date was Friday, February 21st. 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 7.00%. Atlas Energy Solutions's dividend payout ratio (DPR) is currently 178.57%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. 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 report on Tuesday, January 28th. Royal Bank of Canada reissued an "outperform" rating and issued a $25.00 price objective on shares of Atlas Energy Solutions in a research note on Wednesday, April 2nd. Barclays decreased their price objective on 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. The Goldman Sachs Group dropped their target price on shares of Atlas Energy Solutions from $22.00 to $15.00 and set a "neutral" rating for the company in a report on Thursday, April 10th. Finally, Benchmark decreased 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. Six investment 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $22.44.

Insider Buying and Selling at Atlas Energy Solutions

In other Atlas Energy Solutions news, major shareholder Gregory M. Shepard acquired 32,155 shares of the company's stock in a transaction that occurred on Thursday, February 27th. The stock was purchased at an average price of $19.04 per share, for a total transaction 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 approximately $145,679,038.40. This trade represents a 0.42 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Stacy Hock sold 10,000 shares of Atlas Energy Solutions stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $22.50, for a total transaction of $225,000.00. Following the completion of the transaction, the insider now owns 897,604 shares of the company's stock, valued at $20,196,090. This trade represents a 1.10 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 15.98% of the company's stock.

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.