GAMMA Investing LLC Acquires 20,349 Shares of Atlas Energy Solutions Inc. (NYSE:AESI)

GAMMA Investing LLC raised its stake in Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) by 2,097.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,319 shares of the company's stock after acquiring an additional 20,349 shares during the quarter. GAMMA Investing LLC's holdings in Atlas Energy Solutions were worth $380,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quarry LP acquired a new stake in shares of Atlas Energy Solutions in the fourth quarter valued at approximately $27,000. CBIZ Investment Advisory Services LLC increased its holdings in shares of Atlas Energy Solutions by 62.9% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 1,354 shares of the company's stock valued at $30,000 after purchasing an additional 523 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of 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 purchasing an additional 1,047 shares during the last quarter. Global Retirement Partners LLC grew its position in shares of Atlas Energy Solutions by 191.9% during the 4th quarter. Global Retirement Partners LLC now owns 1,941 shares of the company's stock worth $43,000 after buying an additional 1,276 shares during the period. Finally, Promus Capital LLC bought a new stake in shares of Atlas Energy Solutions during the fourth quarter worth approximately $55,000. Institutional investors and hedge funds own 34.59% of the company's stock.

Atlas Energy Solutions Trading Down 1.1%

Atlas Energy Solutions stock traded down $0.16 during midday trading on Friday, hitting $14.41. 2,350,955 shares of the stock were exchanged, compared to its average volume of 1,380,789. The company has a fifty day simple moving average of $13.45 and a two-hundred day simple moving average of $18.04. Atlas Energy Solutions Inc. has a 52 week low of $11.76 and a 52 week high of $26.86. The stock has a market capitalization of $1.78 billion, a PE ratio of 46.49 and a beta of 1.14. The company has a quick ratio of 1.40, a current ratio of 1.62 and a debt-to-equity ratio of 0.38.

Atlas Energy Solutions (NYSE:AESI - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The company reported $0.08 earnings per share 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 firm had revenue of $297.59 million for the quarter, compared to the consensus estimate of $291.13 million. During the same period in the previous year, the business earned $0.26 EPS. The firm's revenue was up 54.5% compared to the same quarter last year. Equities research analysts anticipate that Atlas Energy Solutions Inc. will post 0.83 EPS for the current fiscal year.

Atlas Energy Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 15th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 6.94%. The ex-dividend date of this dividend was Thursday, May 15th. Atlas Energy Solutions's payout ratio is currently 322.58%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Stifel Nicolaus initiated coverage on shares of Atlas Energy Solutions in a research note on Wednesday, May 21st. They issued a "buy" rating and a $15.00 price objective on the stock. Benchmark reduced their price target on 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. Barclays decreased their price objective on Atlas Energy Solutions from $23.00 to $19.00 and set an "equal weight" rating for the company in a research note on Monday, March 3rd. Royal Bank Of Canada dropped their price objective on Atlas Energy Solutions from $21.00 to $17.00 and set an "outperform" rating for the company in a report on Wednesday, May 7th. Finally, Citigroup reduced their target price on Atlas Energy Solutions from $18.00 to $14.00 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. Six analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $19.28.

Insider Buying and Selling at Atlas Energy Solutions

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

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.