Amalgamated Bank Acquires 1,801 Shares of Atlas Energy Solutions Inc. (NYSE:AESI)

Amalgamated Bank lifted its holdings in shares of Atlas Energy Solutions Inc. (NYSE:AESI) by 328.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,350 shares of the company’s stock after purchasing an additional 1,801 shares during the period. Amalgamated Bank’s holdings in Atlas Energy Solutions were worth $47,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. First Horizon Advisors Inc. raised its holdings in Atlas Energy Solutions by 313.7% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,725 shares of the company’s stock worth $34,000 after purchasing an additional 1,308 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Atlas Energy Solutions during the second quarter valued at $74,000. DekaBank Deutsche Girozentrale acquired a new stake in Atlas Energy Solutions during the 1st quarter worth about $78,000. nVerses Capital LLC acquired a new position in shares of Atlas Energy Solutions in the 2nd quarter valued at about $106,000. Finally, Bessemer Group Inc. bought a new stake in shares of Atlas Energy Solutions during the 1st quarter valued at about $154,000. Institutional investors own 34.59% of the company’s stock.

Atlas Energy Solutions Stock Performance

Shares of AESI stock opened at $21.90 on Wednesday. The company has a market cap of $2.19 billion, a P/E ratio of 12.16, a P/E/G ratio of 6.95 and a beta of 0.56. Atlas Energy Solutions Inc. has a one year low of $15.55 and a one year high of $24.93. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.53 and a quick ratio of 1.35. The firm has a 50-day moving average of $20.66 and a 200-day moving average of $21.52.

Atlas Energy Solutions (NYSE:AESI) last released its quarterly earnings data on Monday, August 5th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.18). Atlas Energy Solutions had a return on equity of 16.75% and a net margin of 13.71%. The business had revenue of $287.52 million during the quarter, compared to the consensus estimate of $270.55 million. During the same period last year, the business posted $0.69 earnings per share. The firm’s quarterly revenue was up 77.7% on a year-over-year basis. Equities research analysts forecast that Atlas Energy Solutions Inc. will post 1.48 EPS for the current fiscal year.

Atlas Energy Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Thursday, August 15th were given a $0.23 dividend. The ex-dividend date was Thursday, August 15th. This represents a $0.92 annualized dividend and a yield of 4.20%. This is an increase from Atlas Energy Solutions’s previous quarterly dividend of $0.22. Atlas Energy Solutions’s payout ratio is presently 51.11%.

Analysts Set New Price Targets

Several equities analysts have issued reports on AESI shares. Benchmark reissued a “buy” rating and issued a $27.00 price target on shares of Atlas Energy Solutions in a research note on Tuesday, August 6th. Royal Bank of Canada reduced their price target on shares of Atlas Energy Solutions from $27.00 to $26.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. Bank of America decreased their price target on shares of Atlas Energy Solutions from $25.00 to $24.00 and set a “buy” rating for the company in a research note on Monday, July 15th. Tudor Pickering upgraded Atlas Energy Solutions to a “strong-buy” rating in a research note on Monday, June 24th. Finally, The Goldman Sachs Group cut their price target on Atlas Energy Solutions from $28.00 to $25.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. Eight investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Atlas Energy Solutions presently has a consensus rating of “Buy” and an average target price of $26.25.

Insider Buying and Selling

In other news, major shareholder Gregory M. Shepard acquired 3,248 shares of the firm’s stock in a transaction on Thursday, July 18th. The stock was acquired at an average price of $21.68 per share, for a total transaction of $70,416.64. Following the completion of the acquisition, the insider now owns 7,503,197 shares in the company, valued at $162,669,310.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Atlas Energy Solutions news, major shareholder Stacy Hock sold 8,571 shares of the stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $20.22, for a total value of $173,305.62. Following the transaction, the insider now owns 951,888 shares of the company’s stock, valued at $19,247,175.36. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Gregory M. Shepard bought 3,248 shares of the company’s stock in a transaction on Thursday, July 18th. The stock was purchased at an average cost of $21.68 per share, for a total transaction of $70,416.64. Following the completion of the transaction, the insider now directly owns 7,503,197 shares of the company’s stock, valued at approximately $162,669,310.96. The disclosure for this purchase can be found here. Insiders have sold a total of 25,713 shares of company stock valued at $510,403 over the last ninety days. Company insiders own 24.34% of the company’s stock.

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.