Emerald Advisers LLC Sells 6,000 Shares of Atlas Energy Solutions Inc. (NYSE:AESI)

Emerald Advisers LLC cut its holdings in Atlas Energy Solutions Inc. (NYSE:AESI) by 55.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,850 shares of the company’s stock after selling 6,000 shares during the period. Emerald Advisers LLC’s holdings in Atlas Energy Solutions were worth $108,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in shares of Atlas Energy Solutions by 12.6% in the 4th quarter. Vanguard Group Inc. now owns 6,915,325 shares of the company’s stock worth $153,382,000 after buying an additional 773,035 shares during the last quarter. Copeland Capital Management LLC increased its stake in Atlas Energy Solutions by 19.3% during the fourth quarter. Copeland Capital Management LLC now owns 2,247,774 shares of the company’s stock worth $49,856,000 after acquiring an additional 363,742 shares during the last quarter. State Street Corp increased its position in shares of Atlas Energy Solutions by 15.0% during the 3rd quarter. State Street Corp now owns 1,751,059 shares of the company’s stock valued at $38,173,000 after purchasing an additional 227,776 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Atlas Energy Solutions by 3.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,448,340 shares of the company’s stock valued at $31,579,000 after purchasing an additional 54,321 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Atlas Energy Solutions by 75.5% during the 4th quarter. Bank of New York Mellon Corp now owns 835,683 shares of the company’s stock valued at $18,535,000 after purchasing an additional 359,420 shares during the last quarter. 34.59% of the stock is currently owned by institutional investors.

Insider Activity

In other Atlas Energy Solutions news, major shareholder Stacy Hock sold 10,000 shares of the stock in a transaction on Friday, January 10th. The stock was sold at an average price of $21.96, for a total transaction of $219,600.00. Following the sale, the insider now owns 907,604 shares of the company’s stock, valued at approximately $19,930,983.84. This trade represents a 1.09 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Gregory M. Shepard bought 32,155 shares of the company’s stock in a transaction on Thursday, February 27th. The shares were bought at an average cost of $19.04 per share, for a total transaction of $612,231.20. Following the transaction, the insider now directly owns 7,651,210 shares in the company, valued at approximately $145,679,038.40. This represents a 0.42 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 50,000 shares of company stock worth $1,164,750. Corporate insiders own 24.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Stephens boosted their price objective on shares of Atlas Energy Solutions from $28.00 to $29.00 and gave the company an “overweight” rating in a research report on Tuesday, January 28th. Benchmark cut their price target on shares of Atlas Energy Solutions from $28.00 to $25.00 and set a “buy” rating on the stock in a report on Wednesday, February 26th. Piper Sandler started coverage on shares of Atlas Energy Solutions in a research note on Wednesday, March 12th. They issued an “overweight” rating and a $22.00 price objective for the company. Barclays cut their target price 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. Finally, Bank of America reissued a “neutral” rating and set a $22.50 price target on shares of Atlas Energy Solutions in a research note on Monday, January 13th. Six equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $23.83.

Atlas Energy Solutions Stock Down 2.0 %

Shares of NYSE:AESI opened at $17.96 on Monday. Atlas Energy Solutions Inc. has a 52-week low of $16.98 and a 52-week high of $26.86. The company has a quick ratio of 1.08, a current ratio of 1.23 and a debt-to-equity ratio of 0.42. The business’s 50 day moving average is $21.00 and its 200 day moving average is $21.39. The stock has a market cap of $2.19 billion, a P/E ratio of 22.74 and a beta of 1.18.

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

Atlas Energy Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, February 21st. This is an increase from Atlas Energy Solutions’s previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.57%. Atlas Energy Solutions’s dividend payout ratio (DPR) is currently 178.57%.

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.