Royce & Associates LP Purchases Shares of 225,000 Atlas Energy Solutions Inc. (NYSE:AESI)

Royce & Associates LP bought a new stake in Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 225,000 shares of the company's stock, valued at approximately $4,990,000. Royce & Associates LP owned about 0.20% of Atlas Energy Solutions as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. CBIZ Investment Advisory Services LLC boosted its stake in 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 acquiring an additional 523 shares during the last quarter. Avantax Advisory Services Inc. boosted its stake in Atlas Energy Solutions by 22.2% in the fourth quarter. Avantax Advisory Services Inc. now owns 28,509 shares of the company's stock valued at $632,000 after acquiring an additional 5,183 shares during the last quarter. Personal CFO Solutions LLC boosted its stake in Atlas Energy Solutions by 32.6% in the fourth quarter. Personal CFO Solutions LLC now owns 12,750 shares of the company's stock valued at $283,000 after acquiring an additional 3,135 shares during the last quarter. Chatham Capital Group Inc. purchased a new position in Atlas Energy Solutions in the fourth quarter valued at about $1,226,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of Atlas Energy Solutions during the 4th quarter valued at approximately $2,203,000. 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 $0.36 during trading on Friday, reaching $17.96. The company had a trading volume of 8,552,814 shares, compared to its average volume of 1,118,607. The company has a fifty day moving average of $21.00 and a two-hundred day moving average of $21.38. The stock has a market capitalization of $2.19 billion, a P/E ratio of 22.74 and a beta of 1.18. Atlas Energy Solutions Inc. has a 12 month low of $16.98 and a 12 month high of $26.86. The company has a current ratio of 1.23, a quick ratio of 1.08 and a debt-to-equity ratio of 0.42.

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

Atlas Energy Solutions Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were issued a $0.25 dividend. This is a positive change 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 dividend on an annualized basis and a dividend yield of 5.57%. Atlas Energy Solutions's dividend payout ratio is presently 178.57%.

Insider Transactions at Atlas Energy Solutions

In other Atlas Energy Solutions news, major shareholder Gregory M. Shepard bought 32,155 shares of Atlas Energy Solutions stock in a transaction that occurred on Thursday, February 27th. The shares were bought at an average price of $19.04 per share, with a total value of $612,231.20. Following the acquisition, the insider now owns 7,651,210 shares in the company, valued at approximately $145,679,038.40. This trade represents a 0.42 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Brian Anthony Leveille sold 5,000 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $23.00, for a total transaction of $115,000.00. Following the transaction, the insider now directly owns 404,510 shares in the company, valued at approximately $9,303,730. This represents a 1.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 50,000 shares of company stock valued at $1,164,750 in the last quarter. Insiders own 24.34% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on AESI shares. Benchmark dropped 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 upped their price target 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. Barclays dropped their price target on shares of Atlas Energy Solutions from $23.00 to $19.00 and set an "equal weight" rating on the stock in a research note on Monday, March 3rd. Royal Bank of Canada dropped their price target on shares of 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. Finally, Raymond James cut shares of Atlas Energy Solutions from a "strong-buy" rating to a "hold" rating in a research note on Monday, January 6th. Six investment 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 has a consensus rating of "Moderate Buy" and a consensus target price of $23.83.

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.