Atlas Energy Solutions Inc. (NYSE:AESI) Shares Purchased by Rhumbline Advisers

Rhumbline Advisers increased its holdings in Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) by 12.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 191,071 shares of the company's stock after acquiring an additional 20,662 shares during the quarter. Rhumbline Advisers owned approximately 0.16% of Atlas Energy Solutions worth $3,409,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Quarry LP acquired a new position in shares of Atlas Energy Solutions in the 4th quarter valued at $27,000. CBIZ Investment Advisory Services LLC grew its position in Atlas Energy Solutions by 62.9% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 1,354 shares of the company's stock valued at $30,000 after buying an additional 523 shares during the last quarter. Tower Research Capital LLC TRC grew its position in Atlas Energy Solutions by 307.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,387 shares of the company's stock valued at $31,000 after buying an additional 1,047 shares during the last quarter. Global Retirement Partners LLC grew its position in Atlas Energy Solutions by 191.9% in the 4th quarter. Global Retirement Partners LLC now owns 1,941 shares of the company's stock valued at $43,000 after buying an additional 1,276 shares during the last quarter. Finally, Promus Capital LLC purchased a new position in Atlas Energy Solutions in the 4th quarter valued at $55,000. 34.59% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Douglas G. Rogers bought 7,000 shares of the business's stock in a transaction that occurred on Wednesday, May 14th. The stock was purchased at an average price of $13.27 per share, with a total value of $92,890.00. Following the purchase, the director now owns 10,000 shares of the company's stock, valued at $132,700. This trade represents a 233.33% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Ben M. Brigham bought 9,635 shares of the business's stock in a transaction that occurred on Wednesday, May 14th. The stock was purchased at an average cost of $13.38 per share, with a total value of $128,916.30. Following the purchase, the chairman now directly owns 572,397 shares in the company, valued at $7,658,671.86. The trade was a 1.71% increase in their position. The disclosure for this purchase can be found here. Insiders own 15.98% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on AESI. Benchmark lowered 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 research report on Wednesday, February 26th. Stifel Nicolaus began coverage on shares of Atlas Energy Solutions in a research report on Wednesday, May 21st. They issued a "buy" rating and a $15.00 price objective on the stock. The Goldman Sachs Group lowered their price objective on shares of Atlas Energy Solutions from $22.00 to $15.00 and set a "neutral" rating on the stock in a research report on Thursday, April 10th. Royal Bank Of Canada lowered their price objective on shares of Atlas Energy Solutions from $21.00 to $17.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 7th. Finally, Citigroup lowered their price objective on shares of Atlas Energy Solutions from $18.00 to $14.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. Six equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $19.28.

Atlas Energy Solutions Price Performance

Shares of NYSE:AESI traded down $0.02 on Wednesday, reaching $14.60. 1,108,924 shares of the company were exchanged, compared to its average volume of 1,384,151. The company has a current ratio of 1.62, a quick ratio of 1.40 and a debt-to-equity ratio of 0.38. Atlas Energy Solutions Inc. has a 1-year low of $11.76 and a 1-year high of $26.86. The firm has a market cap of $1.80 billion, a price-to-earnings ratio of 47.10 and a beta of 1.14. The company has a 50-day moving average of $13.42 and a 200-day moving average of $18.20.

Atlas Energy Solutions (NYSE:AESI - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.10). Atlas Energy Solutions had a return on equity of 4.99% and a net margin of 2.96%. The business had revenue of $297.59 million during the quarter, compared to analysts' expectations of $291.13 million. During the same quarter in the prior year, the firm earned $0.26 earnings per share. Atlas Energy Solutions's quarterly revenue was up 54.5% on a year-over-year basis. Equities analysts forecast that Atlas Energy Solutions Inc. will post 0.83 earnings per share for the current fiscal year.

Atlas Energy Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, May 15th were given a $0.25 dividend. The ex-dividend date was Thursday, May 15th. This represents a $1.00 annualized dividend and a dividend yield of 6.85%. Atlas Energy Solutions's dividend payout ratio is presently 322.58%.

About Atlas Energy Solutions

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.