Insider Selling: Atlas Energy Solutions Inc. (NYSE:AESI) Major Shareholder Sells 7,500 Shares of Stock

Atlas Energy Solutions Inc. (NYSE:AESI) major shareholder Brian Anthony Leveille sold 7,500 shares of the firm’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $24.00, for a total value of $180,000.00. Following the completion of the sale, the insider now directly owns 397,010 shares in the company, valued at approximately $9,528,240. The trade was a 1.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Brian Anthony Leveille also recently made the following trade(s):

• On Thursday, January 2nd, Brian Anthony Leveille sold 5,000 shares of Atlas Energy Solutions stock. The stock was sold at an average price of $23.00, for a total transaction of $115,000.00.
• On Monday, December 16th, Brian Anthony Leveille sold 5,000 shares of Atlas Energy Solutions stock. The shares were sold at an average price of $23.17, for a total transaction of $115,850.00.
• On Tuesday, December 3rd, Brian Anthony Leveille sold 12,500 shares of Atlas Energy Solutions stock. The stock was sold at an average price of $23.95, for a total transaction of $299,375.00.
• On Monday, November 25th, Brian Anthony Leveille sold 30,000 shares of Atlas Energy Solutions stock. The stock was sold at an average price of $24.02, for a total transaction of $720,600.00.
• On Thursday, November 21st, Brian Anthony Leveille sold 10,000 shares of Atlas Energy Solutions stock. The shares were sold at an average price of $21.50, for a total value of $215,000.00.
• On Monday, November 18th, Brian Anthony Leveille sold 10,000 shares of Atlas Energy Solutions stock. The stock was sold at an average price of $20.70, for a total transaction of $207,000.00.
• On Wednesday, November 6th, Brian Anthony Leveille sold 20,000 shares of Atlas Energy Solutions stock. The stock was sold at an average price of $21.39, for a total transaction of $427,800.00.
• On Tuesday, October 29th, Brian Anthony Leveille sold 10,000 shares of Atlas Energy Solutions stock. The shares were sold at an average price of $21.02, for a total transaction of $210,200.00.

Atlas Energy Solutions Stock Up 1.4 %

Shares of NYSE AESI traded up $0.36 during trading hours on Friday, hitting $24.99. The stock had a trading volume of 205,461 shares, compared to its average volume of 792,135. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.08 and a current ratio of 1.23. The company has a market capitalization of $2.75 billion, a P/E ratio of 31.67, a P/E/G ratio of 5.55 and a beta of 1.03. The firm’s 50-day moving average price is $22.37 and its two-hundred day moving average price is $21.25. Atlas Energy Solutions Inc. has a 52 week low of $16.15 and a 52 week high of $25.19.

Atlas Energy Solutions (NYSE:AESI) last posted its earnings results on Monday, October 28th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.25). Atlas Energy Solutions had a net margin of 8.78% and a return on equity of 11.01%. The company had revenue of $304.40 million for the quarter, compared to the consensus estimate of $307.93 million. During the same quarter last year, the business earned $0.51 earnings per share. Atlas Energy Solutions’s quarterly revenue was up 93.1% on a year-over-year basis. Analysts anticipate that Atlas Energy Solutions Inc. will post 0.87 EPS for the current fiscal year.

Atlas Energy Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Thursday, November 7th were given a $0.24 dividend. This is an increase from Atlas Energy Solutions’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a yield of 3.84%. The ex-dividend date was Thursday, November 7th. Atlas Energy Solutions’s payout ratio is currently 121.52%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. The Goldman Sachs Group assumed coverage on Atlas Energy Solutions in a research report on Friday, December 13th. They set a “neutral” rating and a $23.00 price objective for the company. Raymond James cut Atlas Energy Solutions from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 6th. Royal Bank of Canada reiterated an “outperform” rating and set a $25.00 price target on shares of Atlas Energy Solutions in a research report on Wednesday, October 30th. Pickering Energy Partners downgraded shares of Atlas Energy Solutions from an “outperform” rating to a “neutral” rating in a report on Wednesday, October 30th. Finally, Barclays downgraded shares of Atlas Energy Solutions from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $23.00 to $19.00 in a research report on Tuesday, November 12th. Six investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $24.50.

Hedge Funds Weigh In On Atlas Energy Solutions

Several large investors have recently bought and sold shares of the stock. Barrow Hanley Mewhinney & Strauss LLC raised its position in shares of Atlas Energy Solutions by 1.1% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,696,418 shares of the company’s stock valued at $53,740,000 after buying an additional 30,082 shares during the last quarter. Copeland Capital Management LLC increased its position in shares of Atlas Energy Solutions by 19.8% during the third quarter. Copeland Capital Management LLC now owns 1,884,032 shares of the company’s stock valued at $41,072,000 after purchasing an additional 311,228 shares during the period. State Street Corp lifted its position in Atlas Energy Solutions by 15.0% in the third quarter. State Street Corp now owns 1,751,059 shares of the company’s stock worth $38,173,000 after purchasing an additional 227,776 shares during the period. Geode Capital Management LLC raised its stake in shares of Atlas Energy Solutions by 3.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,448,340 shares of the company’s stock valued at $31,579,000 after buying an additional 54,321 shares in the last quarter. Finally, Evergreen Capital Management LLC lifted its holdings in shares of Atlas Energy Solutions by 25.8% during the 2nd quarter. Evergreen Capital Management LLC now owns 1,085,729 shares of the company’s stock worth $21,639,000 after acquiring an additional 222,890 shares during the period. 34.59% of the stock is currently owned by institutional investors and hedge funds.

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.