FORA Capital LLC Takes $274,000 Position in Atlas Energy Solutions Inc. (NYSE:AESI)

FORA Capital LLC bought a new position in shares of Atlas Energy Solutions Inc. (NYSE:AESI) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 12,547 shares of the company’s stock, valued at approximately $274,000.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Atlas Energy Solutions by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 4,615,793 shares of the company’s stock worth $104,409,000 after purchasing an additional 33,286 shares in the last quarter. California State Teachers Retirement System lifted its position in Atlas Energy Solutions by 575.2% in the first quarter. California State Teachers Retirement System now owns 19,784 shares of the company’s stock worth $448,000 after purchasing an additional 16,854 shares during the period. Cetera Investment Advisers acquired a new stake in Atlas Energy Solutions during the first quarter worth $1,985,000. Boston Partners increased its holdings in Atlas Energy Solutions by 33.1% in the 1st quarter. Boston Partners now owns 39,033 shares of the company’s stock valued at $883,000 after buying an additional 9,697 shares during the period. Finally, DekaBank Deutsche Girozentrale bought a new position in shares of Atlas Energy Solutions during the 1st quarter worth about $78,000. 34.59% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AESI has been the topic of a number of analyst reports. Benchmark reissued a “buy” rating and issued a $27.00 target price on shares of Atlas Energy Solutions in a research note on Tuesday, August 6th. Citigroup lowered Atlas Energy Solutions from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $23.00 to $22.00 in a research note on Thursday, November 14th. Barclays downgraded Atlas Energy Solutions from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $23.00 to $19.00 in a research report on Tuesday, November 12th. Stephens reiterated an “overweight” rating and issued a $28.00 price target on shares of Atlas Energy Solutions in a research report on Tuesday, August 6th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $25.00 price objective on shares of Atlas Energy Solutions in a report on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $24.44.

Insider Buying and Selling

In other Atlas Energy Solutions news, major shareholder Gregory M. Shepard purchased 1,797 shares of the stock in a transaction dated Friday, October 18th. The stock was bought at an average price of $19.65 per share, for a total transaction of $35,311.05. Following the transaction, the insider now directly owns 7,507,194 shares in the company, valued at $147,516,362.10. This represents a 0.02 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Stacy Hock sold 8,571 shares of the business’s stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $21.49, for a total transaction of $184,190.79. Following the sale, the insider now directly owns 934,746 shares of the company’s stock, valued at approximately $20,087,691.54. This trade represents a 0.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders purchased 60,869 shares of company stock worth $1,187,983 and sold 115,713 shares worth $2,517,431. 24.34% of the stock is currently owned by corporate insiders.

Atlas Energy Solutions Price Performance

Shares of AESI stock opened at $23.63 on Friday. Atlas Energy Solutions Inc. has a 52 week low of $15.55 and a 52 week high of $24.93. The stock has a market capitalization of $2.60 billion, a PE ratio of 29.65, a PEG ratio of 11.84 and a beta of 0.69. 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 stock’s fifty day moving average is $21.23 and its 200-day moving average is $21.07.

Atlas Energy Solutions (NYSE:AESI) last issued its quarterly earnings data on Monday, October 28th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.25). Atlas Energy Solutions had a return on equity of 11.01% and a net margin of 8.78%. The company had revenue of $304.40 million for the quarter, compared to the consensus estimate of $307.93 million. During the same period in the prior year, the company earned $0.51 EPS. The firm’s revenue was up 93.1% compared to the same quarter last year. Equities research analysts expect that Atlas Energy Solutions Inc. will post 0.88 EPS for the current fiscal year.

Atlas Energy Solutions Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Thursday, November 7th were issued a $0.24 dividend. The ex-dividend date was Thursday, November 7th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.06%. This is a positive change from Atlas Energy Solutions’s previous quarterly dividend of $0.23. Atlas Energy Solutions’s dividend payout ratio (DPR) is currently 121.52%.

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.