Snowden Capital Advisors LLC Increases Stake in Atlas Energy Solutions Inc. (NYSE:AESI)

Snowden Capital Advisors LLC grew its stake in Atlas Energy Solutions Inc. (NYSE:AESI) by 44.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 24,470 shares of the company’s stock after buying an additional 7,587 shares during the quarter. Snowden Capital Advisors LLC’s holdings in Atlas Energy Solutions were worth $543,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Quarry LP acquired a new position in Atlas Energy Solutions in the fourth quarter valued at approximately $27,000. CBIZ Investment Advisory Services LLC boosted its holdings in Atlas Energy Solutions by 62.9% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 1,354 shares of the company’s stock valued at $30,000 after purchasing an additional 523 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in Atlas Energy Solutions by 307.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,387 shares of the company’s stock valued at $31,000 after purchasing an additional 1,047 shares in the last quarter. Global Retirement Partners LLC boosted its holdings in Atlas Energy Solutions by 191.9% in the fourth quarter. Global Retirement Partners LLC now owns 1,941 shares of the company’s stock valued at $43,000 after purchasing an additional 1,276 shares in the last quarter. Finally, Promus Capital LLC acquired a new position in Atlas Energy Solutions in the fourth quarter valued at approximately $55,000. Hedge funds and other institutional investors own 34.59% of the company’s stock.

Insider Transactions at Atlas Energy Solutions

In related news, major shareholder Gregory M. Shepard purchased 32,155 shares of the business’s stock in a transaction dated Thursday, February 27th. The stock was acquired at an average price of $19.04 per share, for a total transaction of $612,231.20. Following the completion of the purchase, the insider now directly owns 7,651,210 shares of the company’s stock, valued at $145,679,038.40. This trade represents a 0.42% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Ben M. Brigham purchased 9,635 shares of the business’s stock in a transaction dated Wednesday, May 14th. The shares were bought at an average price of $13.38 per share, with a total value of $128,916.30. Following the purchase, the chairman now directly owns 572,397 shares of the company’s stock, valued at approximately $7,658,671.86. The trade was a 1.71% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 48,790 shares of company stock worth $834,038 over the last 90 days. 15.98% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on AESI shares. Piper Sandler lowered their price target on Atlas Energy Solutions from $22.00 to $17.00 and set an “overweight” rating for the company in a report on Thursday, May 8th. Benchmark lowered their price target on Atlas Energy Solutions from $28.00 to $25.00 and set a “buy” rating for the company in a report on Wednesday, February 26th. Royal Bank of Canada lowered their price target on Atlas Energy Solutions from $21.00 to $17.00 and set an “outperform” rating for the company in a report on Wednesday, May 7th. Stephens upped their price target on Atlas Energy Solutions from $28.00 to $29.00 and gave the company an “overweight” rating in a report on Tuesday, January 28th. Finally, Citigroup lowered their price target on Atlas Energy Solutions from $18.00 to $14.00 and set a “neutral” rating for the company in a report on Tuesday, May 13th. Six equities research 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 company’s stock. According to data from MarketBeat, Atlas Energy Solutions has a consensus rating of “Moderate Buy” and a consensus target price of $19.81.

Atlas Energy Solutions Price Performance

Shares of NYSE AESI opened at $13.14 on Wednesday. The company has a current ratio of 1.23, a quick ratio of 1.08 and a debt-to-equity ratio of 0.42. Atlas Energy Solutions Inc. has a twelve month low of $11.76 and a twelve month high of $26.86. The stock has a 50 day moving average of $14.89 and a two-hundred day moving average of $19.40. The stock has a market cap of $1.62 billion, a P/E ratio of 16.63 and a beta of 1.34.

Atlas Energy Solutions (NYSE:AESI) last issued its quarterly earnings data on Monday, May 5th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.10). Atlas Energy Solutions had a net margin of 8.78% and a return on equity of 11.01%. The firm had revenue of $297.59 million during the quarter, compared to analysts’ expectations of $291.13 million. During the same quarter in the prior year, the firm posted $0.26 EPS. Atlas Energy Solutions’s quarterly revenue was up 54.5% compared to the same quarter last year. On average, research analysts forecast that Atlas Energy Solutions Inc. will post 0.83 earnings per share for the current year.

Atlas Energy Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 7.61%. The ex-dividend date of this dividend is Thursday, May 15th. Atlas Energy Solutions’s dividend payout ratio (DPR) is presently 322.58%.

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.