Yousif Capital Management LLC Increases Stock Holdings in Atlas Energy Solutions Inc. (NYSE:AESI)

Yousif Capital Management LLC raised its stake in Atlas Energy Solutions Inc. (NYSE:AESI) by 14.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 26,373 shares of the company’s stock after purchasing an additional 3,409 shares during the quarter. Yousif Capital Management LLC’s holdings in Atlas Energy Solutions were worth $470,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of AESI. Quarry LP purchased a new stake in shares of Atlas Energy Solutions in the fourth quarter valued at $27,000. CBIZ Investment Advisory Services LLC lifted its position 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 acquiring an additional 523 shares in the last quarter. Tower Research Capital LLC TRC lifted 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 acquiring an additional 1,047 shares in the last quarter. Global Retirement Partners LLC lifted 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 acquiring an additional 1,276 shares in the last quarter. Finally, Promus Capital LLC purchased a new stake in shares of Atlas Energy Solutions in the fourth quarter valued at $55,000. 34.59% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on AESI. Piper Sandler dropped their target price on Atlas Energy Solutions from $22.00 to $17.00 and set an “overweight” rating for the company in a research note on Thursday, May 8th. The Goldman Sachs Group dropped their target price on Atlas Energy Solutions from $22.00 to $15.00 and set a “neutral” rating for the company in a research note on Thursday, April 10th. Citigroup dropped their target price on Atlas Energy Solutions from $18.00 to $14.00 and set a “neutral” rating for the company in a research note on Tuesday, May 13th. Benchmark dropped their price target on Atlas Energy Solutions from $28.00 to $25.00 and set a “buy” rating for the company in a research note on Wednesday, February 26th. Finally, Royal Bank Of Canada dropped their price target on 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. Six research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $19.28.

Atlas Energy Solutions Stock Down 1.1%

NYSE AESI opened at $14.41 on Friday. The company has a current ratio of 1.62, a quick ratio of 1.40 and a debt-to-equity ratio of 0.38. The stock’s 50 day moving average is $13.45 and its two-hundred day moving average is $18.07. The company has a market capitalization of $1.78 billion, a price-to-earnings ratio of 46.49 and a beta of 1.14. Atlas Energy Solutions Inc. has a 1-year low of $11.76 and a 1-year high of $26.86.

Atlas Energy Solutions (NYSE:AESI) last announced 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). Atlas Energy Solutions had a return on equity of 4.99% and a net margin of 2.96%. The business had revenue of $297.59 million during the quarter, compared to analyst estimates of $291.13 million. During the same period in the previous year, the firm earned $0.26 earnings per share. The firm’s revenue was up 54.5% compared to the same quarter last year. Equities analysts forecast that Atlas Energy Solutions Inc. will post 0.83 earnings per share 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. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.94%. The ex-dividend date of this dividend was Thursday, May 15th. Atlas Energy Solutions’s dividend payout ratio is currently 322.58%.

Insider Activity at Atlas Energy Solutions

In other Atlas Energy Solutions news, Director Douglas G. Rogers purchased 7,000 shares of the company’s stock in a transaction dated Wednesday, May 14th. The stock was bought at an average cost of $13.27 per share, for a total transaction of $92,890.00. Following the completion of the transaction, 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 acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Chairman Ben M. Brigham acquired 9,635 shares of the firm’s stock in a transaction that occurred on Wednesday, May 14th. The stock was purchased at an average cost of $13.38 per share, for a total transaction of $128,916.30. Following the completion of the purchase, the chairman now directly owns 572,397 shares of the company’s stock, valued at $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 owned by corporate insiders.

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.