Gregory M. Shepard Purchases 32,155 Shares of Atlas Energy Solutions Inc. (NYSE:AESI) Stock

Atlas Energy Solutions Inc. (NYSE:AESI) major shareholder Gregory M. Shepard purchased 32,155 shares of the business’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 transaction, the insider now directly 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 acquisition was disclosed in a filing with the SEC, which is available at this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Atlas Energy Solutions Trading Down 0.8 %

NYSE AESI opened at $19.38 on Friday. The company has a market cap of $2.14 billion, a PE ratio of 24.53 and a beta of 1.03. Atlas Energy Solutions Inc. has a 12 month low of $17.49 and a 12 month high of $26.86. The stock has a 50 day moving average of $22.33 and a 200-day moving average of $21.67. The company has a current ratio of 1.23, a quick ratio of 1.08 and a debt-to-equity ratio of 0.42.

Atlas Energy Solutions (NYSE:AESI) last announced 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 firm had revenue of $271.34 million during the quarter, compared to analyst estimates 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 research analysts anticipate that Atlas Energy Solutions Inc. will post 0.83 EPS for the current fiscal year.

Atlas Energy Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were paid a $0.25 dividend. This is a positive change from Atlas Energy Solutions’s previous quarterly dividend of $0.24. The ex-dividend date was Friday, February 21st. This represents a $1.00 annualized dividend and a yield of 5.16%. Atlas Energy Solutions’s dividend payout ratio is currently 178.57%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Citigroup lowered Atlas Energy Solutions from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $23.00 to $22.00 in a research report on Thursday, November 14th. Benchmark reduced their price target on shares of Atlas Energy Solutions from $28.00 to $25.00 and set a “buy” rating for the company in a report on Wednesday. Barclays increased their price objective on shares of Atlas Energy Solutions from $19.00 to $23.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 30th. Royal Bank of Canada reduced their target price on shares of Atlas Energy Solutions from $28.00 to $25.00 and set an “outperform” rating for the company in a research note on Wednesday. Finally, Raymond James downgraded Atlas Energy Solutions from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 6th. Six research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Atlas Energy Solutions currently has a consensus rating of “Moderate Buy” and an average price target of $24.83.

Institutional Trading of Atlas Energy Solutions

A number of hedge funds have recently made changes to their positions in the business. Quarry LP bought a new stake in Atlas Energy Solutions in the 4th quarter valued at $27,000. CBIZ Investment Advisory Services LLC increased its holdings 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 purchasing an additional 523 shares during the last quarter. Tower Research Capital LLC TRC raised 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 purchasing an additional 1,047 shares during the period. Global Retirement Partners LLC raised 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 purchasing an additional 1,276 shares during the period. Finally, Quest Partners LLC acquired a new stake in shares of Atlas Energy Solutions during the 3rd quarter worth about $48,000. 34.59% of the stock is owned by institutional investors and hedge funds.

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.