Rhumbline Advisers Boosts Position in Atlas Energy Solutions Inc. $AESI

Rhumbline Advisers grew its holdings in shares of Atlas Energy Solutions Inc. (NYSE:AESI) by 12.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 191,071 shares of the company’s stock after acquiring an additional 20,662 shares during the quarter. Rhumbline Advisers owned about 0.15% of Atlas Energy Solutions worth $3,409,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of AESI. Fifth Third Bancorp lifted its position in Atlas Energy Solutions by 1,240.1% in the 1st quarter. Fifth Third Bancorp now owns 1,970 shares of the company’s stock worth $35,000 after buying an additional 1,823 shares during the last quarter. Larson Financial Group LLC raised its holdings in shares of Atlas Energy Solutions by 201.8% during the first quarter. Larson Financial Group LLC now owns 1,968 shares of the company’s stock valued at $35,000 after acquiring an additional 1,316 shares in the last quarter. Kestra Investment Management LLC purchased a new stake in Atlas Energy Solutions in the first quarter worth $55,000. Canton Hathaway LLC purchased a new stake in Atlas Energy Solutions in the first quarter worth $73,000. Finally, Mutual of America Capital Management LLC grew its stake in Atlas Energy Solutions by 13.9% in the first quarter. Mutual of America Capital Management LLC now owns 10,460 shares of the company’s stock worth $187,000 after purchasing an additional 1,277 shares during the period. Institutional investors own 34.59% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Piper Sandler cut their target price on Atlas Energy Solutions from $16.00 to $14.00 and set a “neutral” rating on the stock in a research note on Thursday, August 14th. Stifel Nicolaus lowered their target price on Atlas Energy Solutions from $14.50 to $14.00 and set a “buy” rating on the stock in a report on Monday, August 11th. Four research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $18.83.

Atlas Energy Solutions Stock Up 0.1%

Shares of AESI opened at $10.81 on Tuesday. The company has a market capitalization of $1.34 billion, a PE ratio of 77.22 and a beta of 1.19. The business’s 50 day moving average is $12.30 and its 200 day moving average is $13.82. The company has a current ratio of 1.56, a quick ratio of 1.30 and a debt-to-equity ratio of 0.39. Atlas Energy Solutions Inc. has a 12-month low of $10.40 and a 12-month high of $26.86.

Atlas Energy Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Thursday, August 14th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 9.3%. The ex-dividend date was Thursday, August 14th. Atlas Energy Solutions’s dividend payout ratio (DPR) is currently 714.29%.

Atlas Energy Solutions 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.