Proficio Capital Partners LLC Purchases New Shares in Atlas Energy Solutions Inc. (NYSE:AESI)

Proficio Capital Partners LLC acquired a new position in Atlas Energy Solutions Inc. (NYSE:AESI) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 22,313 shares of the company’s stock, valued at approximately $495,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Atlas Energy Solutions by 1.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 44,931 shares of the company’s stock valued at $979,000 after acquiring an additional 711 shares during the period. Wilmington Savings Fund Society FSB grew its stake in Atlas Energy Solutions by 8.0% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 14,770 shares of the company’s stock worth $328,000 after buying an additional 1,100 shares in the last quarter. Global Retirement Partners LLC grew its stake in Atlas Energy Solutions by 191.9% during the fourth quarter. Global Retirement Partners LLC now owns 1,941 shares of the company’s stock worth $43,000 after buying an additional 1,276 shares in the last quarter. FMR LLC increased its holdings in Atlas Energy Solutions by 101.0% in the 3rd quarter. FMR LLC now owns 2,696 shares of the company’s stock valued at $59,000 after buying an additional 1,355 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Atlas Energy Solutions by 55.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,745 shares of the company’s stock valued at $125,000 after buying an additional 2,043 shares in the last quarter. Institutional investors and hedge funds own 34.59% of the company’s stock.

Insider Buying and Selling

In other news, major shareholder Gregory M. Shepard bought 32,155 shares of the firm’s stock in a transaction on Thursday, February 27th. The stock was acquired at an average price of $19.04 per share, with a total value of $612,231.20. Following the transaction, the insider now 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 position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Brian Anthony Leveille sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $23.00, for a total transaction of $115,000.00. Following the completion of the transaction, the insider now owns 404,510 shares in the company, valued at $9,303,730. This trade represents a 1.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 50,000 shares of company stock valued at $1,164,750 in the last three months. Insiders own 24.34% of the company’s stock.

Atlas Energy Solutions Stock Performance

Shares of AESI stock opened at $18.54 on Tuesday. The business’s 50-day moving average price is $20.94 and its 200-day moving average price is $21.38. Atlas Energy Solutions Inc. has a 12 month low of $16.98 and a 12 month high of $26.86. The company has a current ratio of 1.23, a quick ratio of 1.08 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $2.26 billion, a price-to-earnings ratio of 23.46 and a beta of 1.18.

Atlas Energy Solutions (NYSE:AESI) last posted its earnings results on Monday, February 24th. The company reported $0.06 earnings per share 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 business had revenue of $271.34 million for the quarter, compared to the consensus estimate of $272.94 million. Equities research analysts forecast that Atlas Energy Solutions Inc. will post 0.83 EPS for the current year.

Atlas Energy Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 5.40%. This is an increase from Atlas Energy Solutions’s previous quarterly dividend of $0.24. The ex-dividend date was Friday, February 21st. Atlas Energy Solutions’s dividend payout ratio is presently 178.57%.

Analyst Ratings Changes

AESI has been the topic of several analyst reports. Raymond James lowered shares of Atlas Energy Solutions from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 6th. Royal Bank of Canada decreased their price target on Atlas Energy Solutions from $28.00 to $25.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 26th. The Goldman Sachs Group began 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. Stephens raised their price objective on Atlas Energy Solutions from $28.00 to $29.00 and gave the company an “overweight” rating in a research note on Tuesday, January 28th. Finally, Bank of America reissued a “neutral” rating and set a $22.50 target price on shares of Atlas Energy Solutions in a research note on Monday, January 13th. Six 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $23.83.

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.