Insider Selling: Atlas Energy Solutions Inc. (NYSE:AESI) Major Shareholder Sells 10,000 Shares of Stock

Atlas Energy Solutions Inc. (NYSE:AESI) major shareholder Stacy Hock sold 10,000 shares of the stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $21.96, for a total value of $219,600.00. Following the completion of the sale, the insider now directly owns 907,604 shares of the company’s stock, valued at approximately $19,930,983.84. The trade was a 1.09 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• On Wednesday, December 18th, Stacy Hock sold 8,571 shares of Atlas Energy Solutions stock. The shares were sold at an average price of $22.55, for a total value of $193,276.05.
• On Wednesday, November 13th, Stacy Hock sold 8,571 shares of Atlas Energy Solutions stock. The shares were sold at an average price of $21.12, for a total value of $181,019.52.

Atlas Energy Solutions Trading Up 4.6 %

Shares of NYSE:AESI traded up $0.99 during midday trading on Tuesday, hitting $22.67. 864,264 shares of the stock were exchanged, compared to its average volume of 749,783. The stock has a market capitalization of $2.50 billion, a price-to-earnings ratio of 28.70, a P/E/G ratio of 11.53 and a beta of 1.03. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.08 and a current ratio of 1.23. The business’s 50-day moving average price is $22.19 and its 200 day moving average price is $21.18. Atlas Energy Solutions Inc. has a 12 month low of $15.55 and a 12 month high of $24.93.

Atlas Energy Solutions (NYSE:AESI) last released its quarterly earnings results on Monday, October 28th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.25). The firm had revenue of $304.40 million for the quarter, compared to the consensus estimate of $307.93 million. Atlas Energy Solutions had a return on equity of 11.01% and a net margin of 8.78%. The business’s revenue for the quarter was up 93.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.51 earnings per share. Analysts predict that Atlas Energy Solutions Inc. will post 0.88 earnings per share for the current year.

Atlas Energy Solutions Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Thursday, November 7th were issued a dividend of $0.24 per share. This is a boost from Atlas Energy Solutions’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a dividend yield of 4.23%. The ex-dividend date was Thursday, November 7th. Atlas Energy Solutions’s payout ratio is 121.52%.

Institutional Trading of Atlas Energy Solutions

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Amalgamated Bank lifted its stake in shares of 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 acquiring an additional 1,801 shares during the period. Quest Partners LLC acquired a new position in shares of Atlas Energy Solutions in the third quarter worth approximately $48,000. FMR LLC lifted its stake in shares of Atlas Energy Solutions by 101.0% in the third quarter. FMR LLC now owns 2,696 shares of the company’s stock worth $59,000 after acquiring an additional 1,355 shares during the period. CWM LLC lifted its stake 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 worth $60,000 after acquiring an additional 886 shares during the period. Finally, DekaBank Deutsche Girozentrale lifted its stake in shares of Atlas Energy Solutions by 54.1% in the second quarter. DekaBank Deutsche Girozentrale now owns 5,297 shares of the company’s stock worth $107,000 after acquiring an additional 1,860 shares during the period. 34.59% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on AESI shares. Pickering Energy Partners downgraded Atlas Energy Solutions from an “outperform” rating to a “neutral” rating in a report on Wednesday, October 30th. Royal Bank of Canada restated an “outperform” rating and issued a $25.00 price target on shares of Atlas Energy Solutions in a research note on Wednesday, October 30th. Barclays cut Atlas Energy Solutions from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $23.00 to $19.00 in a research note on Tuesday, November 12th. Bank of America restated a “neutral” rating and issued a $22.50 price target on shares of Atlas Energy Solutions in a research note on Monday. Finally, Citigroup cut Atlas Energy Solutions from a “buy” rating to a “neutral” rating and dropped their price target for the company from $23.00 to $22.00 in a research note on Thursday, November 14th. Six 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. According to data from MarketBeat, Atlas Energy Solutions currently has an average rating of “Moderate Buy” and an average price target of $24.50.

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.