Beck Capital Management LLC Purchases 3,556 Shares of Atlas Energy Solutions Inc. (NYSE:AESI)

Beck Capital Management LLC boosted its holdings in Atlas Energy Solutions Inc. (NYSE:AESI) by 2.7% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 134,144 shares of the company’s stock after buying an additional 3,556 shares during the period. Beck Capital Management LLC’s holdings in Atlas Energy Solutions were worth $2,924,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. First Horizon Advisors Inc. grew its stake 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 acquiring an additional 1,308 shares during the period. Amalgamated Bank grew its position 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 purchasing an additional 1,801 shares during the period. Quest Partners LLC purchased a new stake in Atlas Energy Solutions during the 3rd quarter valued at $48,000. FMR LLC lifted its holdings in shares of Atlas Energy Solutions by 101.0% during 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, CWM LLC boosted its stake in shares of Atlas Energy Solutions by 47.1% in the 3rd quarter. CWM LLC now owns 2,766 shares of the company’s stock worth $60,000 after buying an additional 886 shares during the last quarter. 34.59% of the stock is currently owned by hedge funds and other institutional investors.

Atlas Energy Solutions Stock Performance

Shares of NYSE AESI opened at $23.57 on Monday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.23 and a quick ratio of 1.08. Atlas Energy Solutions Inc. has a 1 year low of $15.55 and a 1 year high of $24.93. The firm has a fifty day moving average price of $21.25 and a 200-day moving average price of $21.06. The stock has a market cap of $2.60 billion, a PE ratio of 29.84, a price-to-earnings-growth ratio of 11.92 and a beta of 0.69.

Atlas Energy Solutions (NYSE:AESI) last issued its quarterly earnings results 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). Atlas Energy Solutions had a return on equity of 11.01% and a net margin of 8.78%. The business had revenue of $304.40 million during the quarter, compared to analysts’ expectations of $307.93 million. During the same quarter in the previous year, the company posted $0.51 EPS. The company’s quarterly revenue was up 93.1% on a year-over-year basis. Equities analysts anticipate that Atlas Energy Solutions Inc. will post 0.88 earnings per share for the current fiscal year.

Atlas Energy Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Thursday, November 7th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 4.07%. The ex-dividend date was Thursday, November 7th. This is an increase from Atlas Energy Solutions’s previous quarterly dividend of $0.23. Atlas Energy Solutions’s dividend payout ratio (DPR) is 121.52%.

Insider Buying and Selling

In other news, major shareholder Stacy Hock sold 8,571 shares of Atlas Energy Solutions stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $21.49, for a total value of $184,190.79. Following the sale, the insider now directly owns 934,746 shares of the company’s stock, valued at approximately $20,087,691.54. The trade was a 0.91 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Brian Anthony Leveille sold 30,000 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $24.02, for a total value of $720,600.00. Following the transaction, the insider now directly owns 432,010 shares of the company’s stock, valued at approximately $10,376,880.20. The trade was a 6.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have acquired 60,869 shares of company stock valued at $1,187,983 and have sold 115,713 shares valued at $2,517,431. 24.34% of the stock is owned by insiders.

Wall Street Analyst Weigh In

AESI has been the subject of a number of research reports. The Goldman Sachs Group cut Atlas Energy Solutions from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $23.00 to $21.00 in a research report on Thursday, November 7th. Citigroup lowered shares of Atlas Energy Solutions from a “buy” rating to a “neutral” rating and reduced their price target for the company from $23.00 to $22.00 in a research report on Thursday, November 14th. Stephens reiterated an “overweight” rating and issued a $28.00 price objective on shares of Atlas Energy Solutions in a research note on Tuesday, August 6th. Benchmark reaffirmed a “buy” rating and set a $27.00 target price on shares of Atlas Energy Solutions in a report on Tuesday, August 6th. Finally, Barclays downgraded shares of Atlas Energy Solutions from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $23.00 to $19.00 in a research report on Tuesday, November 12th. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $24.44.

Atlas Energy Solutions 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.