Emerald Mutual Fund Advisers Trust Has $1.24 Million Stock Position in Atlas Energy Solutions Inc. (NYSE:AESI)

Emerald Mutual Fund Advisers Trust lifted its position in shares of Atlas Energy Solutions Inc. (NYSE:AESI) by 2,099.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 62,298 shares of the company’s stock after acquiring an additional 59,466 shares during the quarter. Emerald Mutual Fund Advisers Trust owned approximately 0.06% of Atlas Energy Solutions worth $1,242,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. First Horizon Advisors Inc. grew 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 acquiring an additional 1,308 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Atlas Energy Solutions during the second quarter worth $74,000. DekaBank Deutsche Girozentrale bought a new stake in Atlas Energy Solutions in the first quarter valued at about $78,000. nVerses Capital LLC bought a new stake in Atlas Energy Solutions in the second quarter valued at about $106,000. Finally, Bessemer Group Inc. acquired a new position in Atlas Energy Solutions in the first quarter valued at about $154,000. Institutional investors and hedge funds own 34.59% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on AESI. Bank of America lowered their price target on 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. Royal Bank of Canada cut their target price on shares of Atlas Energy Solutions from $27.00 to $26.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. Benchmark reissued a “buy” rating and issued a $27.00 price target on shares of Atlas Energy Solutions in a report on Tuesday, August 6th. Piper Sandler lowered their price objective on shares of Atlas Energy Solutions from $29.00 to $27.00 and set an “overweight” rating for the company in a research report on Monday, July 15th. Finally, Stephens reiterated an “overweight” rating and set a $28.00 target price on shares of Atlas Energy Solutions in a report on Tuesday, August 6th. Eight equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $26.25.

Insider Transactions at Atlas Energy Solutions

In other Atlas Energy Solutions news, major shareholder Gregory M. Shepard bought 60,393 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The stock was acquired at an average price of $19.05 per share, with a total value of $1,150,486.65. Following the completion of the transaction, the insider now owns 7,383,018 shares in the company, valued at $140,646,492.90. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, major shareholder Gregory M. Shepard purchased 3,248 shares of the stock in a transaction on Thursday, July 18th. The shares were purchased at an average price of $21.68 per share, with a total value of $70,416.64. Following the transaction, the insider now directly owns 7,503,197 shares of the company’s stock, valued at $162,669,310.96. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Gregory M. Shepard acquired 60,393 shares of the company’s stock in a transaction dated Thursday, June 20th. The shares were bought at an average price of $19.05 per share, for a total transaction of $1,150,486.65. Following the purchase, the insider now owns 7,383,018 shares in the company, valued at $140,646,492.90. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 134,526 shares of company stock valued at $2,611,884 and sold 25,716 shares valued at $513,205. Company insiders own 24.34% of the company’s stock.

Atlas Energy Solutions Trading Down 1.1 %

AESI opened at $20.22 on Friday. The stock has a market capitalization of $2.02 billion, a P/E ratio of 11.23, a P/E/G ratio of 5.92 and a beta of 0.56. The company has a current ratio of 1.53, a quick ratio of 1.35 and a debt-to-equity ratio of 0.42. Atlas Energy Solutions Inc. has a 12 month low of $15.55 and a 12 month high of $24.93. The firm’s fifty day simple moving average is $20.39 and its 200 day simple moving average is $21.32.

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

Atlas Energy Solutions Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Thursday, August 15th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.92 dividend on an annualized basis and a yield of 4.55%. This is an increase from Atlas Energy Solutions’s previous quarterly dividend of $0.22. Atlas Energy Solutions’s dividend payout ratio is 51.11%.

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.