Emerald Advisers LLC Raises Holdings in Atlas Energy Solutions Inc. (NYSE:AESI)

Emerald Advisers LLC increased its stake in shares of Atlas Energy Solutions Inc. (NYSE:AESI) by 28.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,850 shares of the company’s stock after acquiring an additional 2,400 shares during the quarter. Emerald Advisers LLC’s holdings in Atlas Energy Solutions were worth $237,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. First Horizon Advisors Inc. grew its holdings in shares of Atlas Energy Solutions by 313.7% in the second quarter. First Horizon Advisors Inc. now owns 1,725 shares of the company’s stock worth $34,000 after purchasing an additional 1,308 shares during the last quarter. Amalgamated Bank grew its holdings in Atlas Energy Solutions by 328.1% in the 2nd quarter. Amalgamated Bank now owns 2,350 shares of the company’s stock worth $47,000 after acquiring an additional 1,801 shares during the last quarter. CWM LLC increased its position in shares of Atlas Energy Solutions by 47.1% in the third quarter. CWM LLC now owns 2,766 shares of the company’s stock valued at $60,000 after acquiring an additional 886 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Atlas Energy Solutions during the second quarter valued at about $74,000. Finally, DekaBank Deutsche Girozentrale purchased a new stake in shares of Atlas Energy Solutions during the first quarter worth about $78,000. 34.59% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Piper Sandler lowered their price target on 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. Bank of America decreased their target price on Atlas Energy Solutions from $25.00 to $24.00 and set a “buy” rating for the company in a report on Monday, July 15th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $25.00 price target on shares of Atlas Energy Solutions in a research note on Wednesday, October 30th. The Goldman Sachs Group reduced their price objective on shares of Atlas Energy Solutions from $28.00 to $25.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. Finally, Stephens reaffirmed an “overweight” rating and set a $28.00 target price on shares of Atlas Energy Solutions in a research note on Tuesday, August 6th. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Atlas Energy Solutions currently has an average rating of “Buy” and an average price target of $25.75.

Insider Activity

In other Atlas Energy Solutions news, major shareholder Stacy Hock sold 8,571 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $20.22, for a total value of $173,305.62. Following the completion of the transaction, the insider now directly owns 951,888 shares in the company, valued at approximately $19,247,175.36. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, major shareholder Stacy Hock sold 8,571 shares of the business’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $20.22, for a total transaction of $173,305.62. Following the transaction, the insider now directly owns 951,888 shares in the company, valued at $19,247,175.36. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Gregory M. Shepard bought 1,797 shares of Atlas Energy Solutions stock in a transaction that occurred on Friday, October 18th. The shares were acquired at an average cost of $19.65 per share, for a total transaction of $35,311.05. Following the completion of the transaction, the insider now directly owns 7,507,194 shares in the company, valued at $147,516,362.10. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 33,159 shares of company stock worth $650,776 and have sold 45,713 shares worth $939,317. Company insiders own 24.34% of the company’s stock.

Atlas Energy Solutions Stock Down 2.1 %

NYSE AESI opened at $19.16 on Monday. The stock has a 50 day moving average price of $20.95 and a 200-day moving average price of $21.19. Atlas Energy Solutions Inc. has a one year low of $15.55 and a one year high of $24.93. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.35 and a current ratio of 1.23. The company has a market capitalization of $2.11 billion, a P/E ratio of 24.25, a P/E/G ratio of 10.82 and a beta of 0.70.

Atlas Energy Solutions (NYSE:AESI) last announced its earnings results on Monday, October 28th. The company reported $0.04 earnings per share (EPS) 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 business had revenue of $304.40 million for the quarter, compared to analysts’ expectations of $307.93 million. During the same quarter last year, the firm earned $0.51 EPS. The firm’s quarterly revenue was up 93.1% on a year-over-year basis. As a group, equities analysts predict that Atlas Energy Solutions Inc. will post 0.8 EPS for the current fiscal year.

Atlas Energy Solutions Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Thursday, November 7th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 5.01%. The ex-dividend date of this dividend is Thursday, November 7th. This is a boost from Atlas Energy Solutions’s previous quarterly dividend of $0.23. Atlas Energy Solutions’s dividend payout ratio (DPR) is 116.46%.

About Atlas Energy Solutions

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.