State of Alaska Department of Revenue Buys 5,346 Shares of Atlas Energy Solutions Inc. (NYSE:AESI)

State of Alaska Department of Revenue lifted its holdings in Atlas Energy Solutions Inc. (NYSE:AESI) by 15.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 39,798 shares of the company’s stock after acquiring an additional 5,346 shares during the period. State of Alaska Department of Revenue’s holdings in Atlas Energy Solutions were worth $709,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. CBIZ Investment Advisory Services LLC raised its position in shares of Atlas Energy Solutions by 62.9% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 1,354 shares of the company’s stock worth $30,000 after acquiring an additional 523 shares in the last quarter. Tower Research Capital LLC TRC raised its position in shares of Atlas Energy Solutions by 307.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,387 shares of the company’s stock worth $31,000 after acquiring an additional 1,047 shares in the last quarter. Quarry LP bought a new position in shares of Atlas Energy Solutions in the 4th quarter worth about $27,000. Global Retirement Partners LLC increased its position in Atlas Energy Solutions by 191.9% in the 4th quarter. Global Retirement Partners LLC now owns 1,941 shares of the company’s stock valued at $43,000 after buying an additional 1,276 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Atlas Energy Solutions by 3.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 38,630 shares of the company’s stock valued at $857,000 after buying an additional 1,354 shares in the last quarter. 34.59% of the stock is owned by institutional investors.

Insider Transactions at Atlas Energy Solutions

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

Atlas Energy Solutions Price Performance

AESI stock opened at $13.18 on Friday. The company has a market capitalization of $1.63 billion, a P/E ratio of 42.53 and a beta of 1.14. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.40 and a current ratio of 1.62. Atlas Energy Solutions Inc. has a 52-week low of $11.76 and a 52-week high of $26.86. The business has a 50-day simple moving average of $13.43 and a two-hundred day simple moving average of $17.71.

Atlas Energy Solutions (NYSE:AESI) last released its quarterly earnings results on Monday, May 5th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.10). Atlas Energy Solutions had a net margin of 2.96% and a return on equity of 4.99%. The company had revenue of $297.59 million for the quarter, compared to analyst estimates of $291.13 million. During the same quarter last year, the firm posted $0.26 EPS. Atlas Energy Solutions’s revenue for the quarter was up 54.5% on a year-over-year basis. Research analysts expect that Atlas Energy Solutions Inc. will post 0.83 EPS for the current fiscal year.

Atlas Energy Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Thursday, May 15th were paid a $0.25 dividend. The ex-dividend date was Thursday, May 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 7.58%. Atlas Energy Solutions’s payout ratio is presently 322.58%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Citigroup decreased their target price on Atlas Energy Solutions from $18.00 to $14.00 and set a “neutral” rating for the company in a research report on Tuesday, May 13th. Piper Sandler decreased their target price on Atlas Energy Solutions from $22.00 to $17.00 and set an “overweight” rating for the company in a research report on Thursday, May 8th. The Goldman Sachs Group decreased their target price on Atlas Energy Solutions from $22.00 to $15.00 and set a “neutral” rating for the company in a research report on Thursday, April 10th. Royal Bank Of Canada decreased their target price on Atlas Energy Solutions from $21.00 to $17.00 and set an “outperform” rating for the company in a research report on Wednesday, May 7th. Finally, Stifel Nicolaus assumed coverage on Atlas Energy Solutions in a research report on Wednesday, May 21st. They issued a “buy” rating and a $15.00 target price for the company. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $19.28.

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.