Atlas Energy Solutions Inc. (NYSE:AESI) Major Shareholder Sells $166,620.24 in Stock

Atlas Energy Solutions Inc. (NYSE:AESI) major shareholder Stacy Hock sold 8,571 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $19.44, for a total transaction of $166,620.24. Following the completion of the sale, the insider now owns 943,317 shares of the company’s stock, valued at approximately $18,338,082.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Stacy Hock also recently made the following trade(s):

• On Monday, August 19th, Stacy Hock sold 8,571 shares of Atlas Energy Solutions stock. The shares were sold at an average price of $20.22, for a total transaction of $173,305.62.
• On Tuesday, July 9th, Stacy Hock sold 8,571 shares of Atlas Energy Solutions stock. The shares were sold at an average price of $19.89, for a total transaction of $170,477.19.
• On Monday, June 24th, Stacy Hock sold 8,574 shares of Atlas Energy Solutions stock. The shares were sold at an average price of $19.76, for a total transaction of $169,422.24.

Atlas Energy Solutions Price Performance

Shares of NYSE:AESI traded up $0.35 during trading on Friday, reaching $20.51. The company had a trading volume of 332,503 shares, compared to its average volume of 880,963. The firm’s fifty day moving average is $20.39 and its 200 day moving average is $21.34. The firm has a market capitalization of $2.25 billion, a PE ratio of 11.20, a price-to-earnings-growth ratio of 5.92 and a beta of 0.56. Atlas Energy Solutions Inc. has a twelve month low of $15.55 and a twelve month 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 1.53.

Atlas Energy Solutions (NYSE:AESI) last issued its quarterly earnings results on Monday, August 5th. The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.18). The company had revenue of $287.52 million during the quarter, compared to analyst estimates of $270.55 million. Atlas Energy Solutions had a return on equity of 16.75% and a net margin of 13.71%. The company’s revenue was up 77.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.69 earnings per share. On average, equities analysts forecast that Atlas Energy Solutions Inc. will post 1.48 EPS for the current year.

Atlas Energy Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 15th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Thursday, August 15th. This is a positive change from Atlas Energy Solutions’s previous quarterly dividend of $0.22. This represents a $0.92 annualized dividend and a yield of 4.49%. Atlas Energy Solutions’s dividend payout ratio is currently 51.11%.

Wall Street Analysts Forecast Growth

AESI has been the topic of several recent research reports. Tudor Pickering upgraded shares of Atlas Energy Solutions to a “strong-buy” rating in a report on Monday, June 24th. Bank of America reduced their target price on shares of Atlas Energy Solutions from $25.00 to $24.00 and set a “buy” rating on the stock in a report on Monday, July 15th. Royal Bank of Canada cut their price objective on shares of Atlas Energy Solutions from $27.00 to $26.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. The Goldman Sachs Group cut 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 report on Thursday, August 29th. Finally, Tudor, Pickering, Holt & Co. initiated coverage on shares of Atlas Energy Solutions in a report on Monday, June 24th. They issued a “buy” rating on the stock. Eight investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $26.25.

Institutional Trading of Atlas Energy Solutions

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Beck Capital Management LLC lifted its stake in Atlas Energy Solutions by 0.6% during the second quarter. Beck Capital Management LLC now owns 130,588 shares of the company’s stock valued at $2,603,000 after purchasing an additional 749 shares during the last quarter. Cetera Investment Advisers lifted its position in shares of Atlas Energy Solutions by 1.0% in the 2nd quarter. Cetera Investment Advisers now owns 88,654 shares of the company’s stock valued at $1,767,000 after acquiring an additional 897 shares in the last quarter. First Horizon Advisors Inc. lifted its position in shares of Atlas Energy Solutions by 313.7% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,725 shares of the company’s stock valued at $34,000 after acquiring an additional 1,308 shares in the last quarter. Amalgamated Bank lifted its position in shares of Atlas Energy Solutions by 328.1% in the 2nd quarter. Amalgamated Bank now owns 2,350 shares of the company’s stock valued at $47,000 after acquiring an additional 1,801 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its position in shares of Atlas Energy Solutions by 54.1% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 5,297 shares of the company’s stock valued at $107,000 after acquiring an additional 1,860 shares in the last quarter. 34.59% of the stock is owned by institutional investors and hedge funds.

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.