Atlas Energy Solutions Inc. (NYSE:AESI) Major Shareholder Gregory M. Shepard Buys 13,363 Shares

Atlas Energy Solutions Inc. (NYSE:AESI) major shareholder Gregory M. Shepard purchased 13,363 shares of the stock in a transaction on Monday, November 4th. The shares were bought at an average price of $19.19 per share, for a total transaction of $256,435.97. Following the acquisition, the insider now owns 7,619,055 shares of the company’s stock, valued at approximately $146,209,665.45. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Atlas Energy Solutions Price Performance

Shares of NYSE AESI traded up $1.33 during midday trading on Wednesday, reaching $21.51. 1,616,959 shares of the company traded hands, compared to its average volume of 888,627. The firm has a market cap of $2.36 billion, a PE ratio of 25.55, a PEG ratio of 10.60 and a beta of 0.69. The stock’s 50-day simple moving average is $20.89 and its 200-day simple moving average is $21.15. Atlas Energy Solutions Inc. has a 12 month low of $15.55 and a 12 month high of $24.93. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.08 and a current ratio of 1.23.

Atlas Energy Solutions (NYSE:AESI) last issued its quarterly earnings data on Monday, October 28th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.25). The company had revenue of $304.40 million for the quarter, compared to the consensus estimate of $307.93 million. Atlas Energy Solutions had a net margin of 8.78% and a return on equity of 11.01%. The firm’s revenue was up 93.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.51 earnings per share. As a group, equities analysts anticipate that Atlas Energy Solutions Inc. will post 0.8 earnings per share for the current fiscal year.

Atlas Energy Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Thursday, November 7th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.46%. This is a boost from Atlas Energy Solutions’s previous quarterly dividend of $0.23. The ex-dividend date is Thursday, November 7th. Atlas Energy Solutions’s payout ratio is currently 116.46%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Bank of America lowered their price objective on shares of Atlas Energy Solutions from $25.00 to $24.00 and set a “buy” rating on the stock in a research note on Monday, July 15th. The Goldman Sachs Group lowered 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 note on Thursday, August 29th. Stephens restated an “overweight” rating and issued a $28.00 price objective on shares of Atlas Energy Solutions in a research note on Tuesday, August 6th. Pickering Energy Partners downgraded shares of Atlas Energy Solutions from an “outperform” rating to a “neutral” rating in a research note on Wednesday, October 30th. Finally, Benchmark restated a “buy” rating and issued a $27.00 price objective on shares of Atlas Energy Solutions in a research note on Tuesday, August 6th. One 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 company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $25.75.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in AESI. First Horizon Advisors Inc. raised 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 valued at $34,000 after buying an additional 1,308 shares during the last quarter. Amalgamated Bank increased its position in Atlas Energy Solutions by 328.1% in the second quarter. Amalgamated Bank now owns 2,350 shares of the company’s stock worth $47,000 after purchasing an additional 1,801 shares during the period. CWM LLC increased its position in Atlas Energy Solutions by 47.1% in the third quarter. CWM LLC now owns 2,766 shares of the company’s stock worth $60,000 after purchasing an additional 886 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Atlas Energy Solutions in the second quarter worth about $74,000. Finally, DekaBank Deutsche Girozentrale acquired a new stake in Atlas Energy Solutions in the first quarter worth about $78,000. 34.59% of the stock is owned by institutional investors.

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.