Atlas Energy Solutions Inc. $AESI Stock Holdings Lowered by Hodges Capital Management Inc.

Key Points

• Hodges Capital Management Inc. has reduced its stake in Atlas Energy Solutions by 56.7%, now owning approximately 84,000 shares valued at $1.5 million.
• Despite the decline from Hodges Capital, other institutional investors like Alpine Woods Capital Investors LLC increased their positions significantly, reflecting a diverse interest in the company.
• Atlas Energy Solutions has announced a quarterly dividend of $0.25 per share, resulting in an annualized dividend yield of 9.3%.

Hodges Capital Management Inc. lessened its stake in Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) by 56.7% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 84,000 shares of the company's stock after selling 110,000 shares during the period. Hodges Capital Management Inc. owned 0.07% of Atlas Energy Solutions worth $1,499,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC bought a new position in Atlas Energy Solutions in the 1st quarter valued at about $912,000. Alpine Woods Capital Investors LLC grew its position in Atlas Energy Solutions by 1,360.8% in the 1st quarter. Alpine Woods Capital Investors LLC now owns 228,082 shares of the company's stock valued at $4,069,000 after buying an additional 212,469 shares in the last quarter. DAVENPORT & Co LLC grew its position in Atlas Energy Solutions by 65.5% in the 1st quarter. DAVENPORT & Co LLC now owns 75,800 shares of the company's stock valued at $1,352,000 after buying an additional 30,000 shares in the last quarter. Envestnet Asset Management Inc. grew its position in Atlas Energy Solutions by 9.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 381,094 shares of the company's stock valued at $6,799,000 after buying an additional 33,404 shares in the last quarter. Finally, Amalgamated Bank grew its position in Atlas Energy Solutions by 13.1% in the 1st quarter. Amalgamated Bank now owns 20,592 shares of the company's stock valued at $367,000 after buying an additional 2,383 shares in the last quarter. Institutional investors own 34.59% of the company's stock.

Atlas Energy Solutions Stock Performance

NYSE:AESI opened at $10.79 on Friday. Atlas Energy Solutions Inc. has a twelve month low of $10.40 and a twelve month high of $26.86. The company has a current ratio of 1.56, a quick ratio of 1.30 and a debt-to-equity ratio of 0.39. The company has a 50-day moving average of $12.35 and a 200-day moving average of $13.96. The firm has a market cap of $1.34 billion, a price-to-earnings ratio of 77.08 and a beta of 1.19.

Atlas Energy Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Thursday, August 14th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, August 14th. This represents a $1.00 annualized dividend and a dividend yield of 9.3%. Atlas Energy Solutions's dividend payout ratio (DPR) is 714.29%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Stifel Nicolaus decreased their target price on shares of Atlas Energy Solutions from $14.50 to $14.00 and set a "buy" rating for the company in a research report on Monday, August 11th. Piper Sandler decreased their target price on shares of Atlas Energy Solutions from $16.00 to $14.00 and set a "neutral" rating for the company in a research report on Thursday, August 14th. Four equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, Atlas Energy Solutions has an average rating of "Hold" and a consensus target price of $18.83.

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.

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