Yousif Capital Management LLC Acquires Shares of 22,964 Atlas Energy Solutions Inc. (NYSE:AESI)

Yousif Capital Management LLC purchased a new position in Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 22,964 shares of the company's stock, valued at approximately $509,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Atlas Energy Solutions by 1.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 44,931 shares of the company's stock worth $979,000 after purchasing an additional 711 shares during the last quarter. CWM LLC increased its position in shares of Atlas Energy Solutions by 47.1% in the third quarter. CWM LLC now owns 2,766 shares of the company's stock worth $60,000 after purchasing an additional 886 shares during the last quarter. 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 worth $59,000 after purchasing an additional 1,355 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Atlas Energy Solutions by 55.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,745 shares of the company's stock worth $125,000 after purchasing an additional 2,043 shares during the last quarter. Finally, Quest Partners LLC bought a new position in shares of Atlas Energy Solutions in the third quarter worth approximately $48,000. 34.59% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Atlas Energy Solutions

In related news, major shareholder Brian Anthony Leveille sold 12,500 shares of the firm's stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $23.95, for a total value of $299,375.00. Following the completion of the sale, the insider now owns 419,510 shares of the company's stock, valued at $10,047,264.50. This trade represents a 2.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Stacy Hock sold 10,000 shares of the firm's stock in a transaction on Friday, January 10th. The stock was sold at an average price of $21.96, for a total value of $219,600.00. Following the completion of the sale, the insider now directly owns 907,604 shares of the company's stock, valued at $19,930,983.84. The trade was a 1.09 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 106,071 shares of company stock worth $2,493,851. Insiders own 24.34% of the company's stock.

Analysts Set New Price Targets

AESI has been the topic of several research analyst reports. Benchmark upped their price objective on shares of Atlas Energy Solutions from $23.00 to $28.00 and gave the stock a "buy" rating in a research report on Wednesday, January 29th. Royal Bank of Canada increased their price target on shares of Atlas Energy Solutions from $27.00 to $28.00 and gave the company an "outperform" rating in a research report on Tuesday, January 28th. Barclays increased their price target on shares of Atlas Energy Solutions from $19.00 to $23.00 and gave the company an "equal weight" rating in a research report on Thursday, January 30th. Bank of America reiterated a "neutral" rating and set a $22.50 price target on shares of Atlas Energy Solutions in a research report on Monday, January 13th. Finally, Raymond James cut shares of Atlas Energy Solutions from a "strong-buy" rating to a "hold" rating in a research report on Monday, January 6th. 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 company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $25.50.

Atlas Energy Solutions Trading Down 0.0 %

Shares of Atlas Energy Solutions stock traded down $0.01 on Thursday, hitting $21.85. The stock had a trading volume of 1,277,323 shares, compared to its average volume of 1,580,553. The company has a quick ratio of 1.08, a current ratio of 1.23 and a debt-to-equity ratio of 0.42. Atlas Energy Solutions Inc. has a one year low of $17.49 and a one year high of $26.86. The stock has a market cap of $2.41 billion, a price-to-earnings ratio of 27.66 and a beta of 1.03. The stock's 50-day simple moving average is $22.62 and its two-hundred day simple moving average is $21.64.

Atlas Energy Solutions Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 21st will be issued a $0.25 dividend. This is a boost from Atlas Energy Solutions's previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Friday, February 21st. This represents a $1.00 annualized dividend and a dividend yield of 4.58%. Atlas Energy Solutions's dividend payout ratio (DPR) is currently 121.52%.

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.