Atlas Energy Solutions Inc. (NYSE:AESI) Shares Acquired by Chatham Capital Group Inc.

Chatham Capital Group Inc. increased its holdings in shares of Atlas Energy Solutions Inc. (NYSE:AESI) by 92.3% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 106,319 shares of the company’s stock after acquiring an additional 51,044 shares during the period. Chatham Capital Group Inc.’s holdings in Atlas Energy Solutions were worth $1,897,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of AESI. Prudential Financial Inc. acquired a new stake in Atlas Energy Solutions in the fourth quarter valued at approximately $1,366,000. Louisiana State Employees Retirement System purchased a new position in shares of Atlas Energy Solutions during the 4th quarter worth $650,000. Northern Trust Corp boosted its position in shares of Atlas Energy Solutions by 11.8% during the 4th quarter. Northern Trust Corp now owns 898,253 shares of the company’s stock valued at $19,923,000 after acquiring an additional 94,949 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Atlas Energy Solutions by 12.6% in the fourth quarter. Vanguard Group Inc. now owns 6,915,325 shares of the company’s stock valued at $153,382,000 after purchasing an additional 773,035 shares during the period. Finally, Sei Investments Co. increased its position in Atlas Energy Solutions by 15.5% during the fourth quarter. Sei Investments Co. now owns 213,857 shares of the company’s stock worth $4,744,000 after purchasing an additional 28,639 shares during the last quarter. 34.59% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Atlas Energy Solutions

In related news, Director Douglas G. Rogers acquired 7,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 14th. The shares were purchased at an average price of $13.27 per share, with a total value of $92,890.00. Following the completion of the acquisition, the director now owns 10,000 shares in the company, valued at approximately $132,700. This represents a 233.33% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Ben M. Brigham purchased 9,635 shares of the business’s stock in a transaction dated Wednesday, May 14th. The shares were purchased at an average cost of $13.38 per share, with a total value of $128,916.30. Following the purchase, the chairman now directly owns 572,397 shares in the company, valued at approximately $7,658,671.86. The trade was a 1.71% increase in their ownership of the stock. The disclosure for this purchase can be found here. 15.98% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

AESI has been the subject of several analyst reports. Royal Bank of Canada dropped their price target on shares of Atlas Energy Solutions from $21.00 to $17.00 and set an “outperform” rating for the company in a research note on Wednesday, May 7th. Benchmark decreased their price target on 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. Barclays cut their price objective on Atlas Energy Solutions from $23.00 to $19.00 and set an “equal weight” rating for the company in a research report on Monday, March 3rd. Piper Sandler decreased their target price on shares of Atlas Energy Solutions from $22.00 to $17.00 and set an “overweight” rating on the stock in a research report on Thursday, May 8th. Finally, Stifel Nicolaus started coverage on shares of Atlas Energy Solutions in a research note on Wednesday, May 21st. They issued a “buy” rating and a $15.00 price target on the stock. Six analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.28.

Atlas Energy Solutions Stock Up 0.1%

AESI stock opened at $12.97 on Thursday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.08 and a current ratio of 1.23. Atlas Energy Solutions Inc. has a fifty-two week low of $11.76 and a fifty-two week high of $26.86. The firm has a market capitalization of $1.60 billion, a price-to-earnings ratio of 16.42 and a beta of 1.14. The company’s 50 day moving average price is $13.66 and its 200 day moving average price is $18.79.

Atlas Energy Solutions (NYSE:AESI) last posted its earnings results on Monday, May 5th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.10). The business had revenue of $297.59 million during the quarter, compared to analysts’ expectations of $291.13 million. Atlas Energy Solutions had a net margin of 8.78% and a return on equity of 11.01%. The business’s quarterly revenue was up 54.5% compared to the same quarter last year. During the same period last year, the company earned $0.26 EPS. On average, equities research analysts anticipate that Atlas Energy Solutions Inc. will post 0.83 EPS for the current fiscal year.

Atlas Energy Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, May 15th were given a $0.25 dividend. The ex-dividend date was Thursday, May 15th. This represents a $1.00 dividend on an annualized basis and a yield of 7.71%. Atlas Energy Solutions’s dividend payout ratio (DPR) is 322.58%.

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.