Atlas Energy Solutions Inc. (NYSE:AESI) Position Lessened by Palogic Value Management L.P.

Palogic Value Management L.P. lowered its position in Atlas Energy Solutions Inc. (NYSE:AESI) by 40.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,000 shares of the company’s stock after selling 45,000 shares during the quarter. Palogic Value Management L.P. owned approximately 0.06% of Atlas Energy Solutions worth $1,442,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Stifel Financial Corp grew its stake in shares of Atlas Energy Solutions by 28.6% in the 3rd quarter. Stifel Financial Corp now owns 126,667 shares of the company’s stock valued at $2,761,000 after buying an additional 28,158 shares in the last quarter. Louisiana State Employees Retirement System bought a new stake in Atlas Energy Solutions in the fourth quarter worth approximately $650,000. Hodges Capital Management Inc. increased its stake in shares of Atlas Energy Solutions by 44.7% during the 4th quarter. Hodges Capital Management Inc. now owns 194,000 shares of the company’s stock worth $4,302,000 after purchasing an additional 59,940 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Atlas Energy Solutions by 5.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 518,569 shares of the company’s stock valued at $11,305,000 after purchasing an additional 25,999 shares in the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in shares of Atlas Energy Solutions in the 4th quarter valued at $495,000. 34.59% of the stock is owned by institutional investors and hedge funds.

Atlas Energy Solutions Price Performance

NYSE:AESI opened at $18.36 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.23 and a quick ratio of 1.08. Atlas Energy Solutions Inc. has a one year low of $16.98 and a one year high of $26.86. The company has a fifty day moving average price of $21.08 and a 200 day moving average price of $21.40. The stock has a market cap of $2.23 billion, a P/E ratio of 23.24 and a beta of 1.18.

Atlas Energy Solutions (NYSE:AESI) last announced its quarterly earnings data on Monday, February 24th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.12). Atlas Energy Solutions had a net margin of 8.78% and a return on equity of 11.01%. The company had revenue of $271.34 million for the quarter, compared to analyst estimates of $272.94 million. Analysts anticipate that Atlas Energy Solutions Inc. will post 0.83 earnings per share for the current year.

Atlas Energy Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were given a $0.25 dividend. The ex-dividend date was Friday, February 21st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.45%. This is an increase from Atlas Energy Solutions’s previous quarterly dividend of $0.24. Atlas Energy Solutions’s dividend payout ratio (DPR) is currently 178.57%.

Analysts Set New Price Targets

Several research firms have weighed in on AESI. The Goldman Sachs Group began coverage on Atlas Energy Solutions in a report on Friday, December 13th. They set a “neutral” rating and a $23.00 target price on the stock. Barclays cut their price objective on Atlas Energy Solutions from $23.00 to $19.00 and set an “equal weight” rating on the stock in a research note on Monday, March 3rd. Piper Sandler initiated coverage on Atlas Energy Solutions in a research report on Wednesday, March 12th. They set an “overweight” rating and a $22.00 target price for the company. Bank of America reissued a “neutral” rating and issued a $22.50 price target on shares of Atlas Energy Solutions in a research report on Monday, January 13th. Finally, Stephens boosted their price objective on shares of Atlas Energy Solutions from $28.00 to $29.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 28th. Six equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $23.83.

Insider Transactions at Atlas Energy Solutions

In related news, major shareholder Stacy Hock sold 10,000 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $22.50, for a total value of $225,000.00. Following the completion of the transaction, the insider now owns 897,604 shares of the company’s stock, valued at $20,196,090. This represents a 1.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Brian Anthony Leveille sold 5,000 shares of Atlas Energy Solutions stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $23.00, for a total value of $115,000.00. Following the sale, the insider now directly owns 404,510 shares in the company, valued at $9,303,730. The trade was a 1.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 50,000 shares of company stock valued at $1,164,750. 24.34% 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.