Chatham Capital Group Inc. Has $1.90 Million Stock Holdings in Atlas Energy Solutions Inc. (NYSE:AESI)

Chatham Capital Group Inc. grew its holdings in shares of Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) by 92.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 106,319 shares of the company's stock after purchasing an additional 51,044 shares during the period. Chatham Capital Group Inc. owned approximately 0.09% of Atlas Energy Solutions worth $1,897,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Barclays PLC boosted its stake in shares of Atlas Energy Solutions by 574.5% during the 3rd quarter. Barclays PLC now owns 175,082 shares of the company's stock worth $3,817,000 after acquiring an additional 149,126 shares in the last quarter. DAVENPORT & Co LLC boosted its position in shares of Atlas Energy Solutions by 29.0% in the 4th quarter. DAVENPORT & Co LLC now owns 45,800 shares of the company's stock valued at $1,016,000 after purchasing an additional 10,300 shares during the period. Yousif Capital Management LLC purchased a new position in Atlas Energy Solutions in the 4th quarter worth about $509,000. State of Alaska Department of Revenue acquired a new stake in Atlas Energy Solutions during the 4th quarter worth about $764,000. Finally, Vest Financial LLC raised its holdings in Atlas Energy Solutions by 75.0% during the 4th quarter. Vest Financial LLC now owns 114,764 shares of the company's stock worth $2,545,000 after buying an additional 49,186 shares during the period. Institutional investors and hedge funds own 34.59% of the company's stock.

Atlas Energy Solutions Stock Up 3.1%

NYSE AESI traded up $0.39 on Friday, reaching $13.14. The stock had a trading volume of 1,506,456 shares, compared to its average volume of 1,382,199. The company has a current ratio of 1.23, a quick ratio of 1.08 and a debt-to-equity ratio of 0.42. Atlas Energy Solutions Inc. has a 1 year low of $11.76 and a 1 year high of $26.86. The business has a 50 day moving average price of $13.56 and a 200 day moving average price of $18.73. The company has a market capitalization of $1.62 billion, a price-to-earnings ratio of 16.63 and a beta of 1.14.

Atlas Energy Solutions (NYSE:AESI - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.10). The firm had revenue of $297.59 million during the quarter, compared to the consensus estimate of $291.13 million. Atlas Energy Solutions had a net margin of 8.78% and a return on equity of 11.01%. The company's quarterly revenue was up 54.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.26 EPS. On average, analysts forecast that Atlas Energy Solutions Inc. will post 0.83 EPS for the current fiscal year.

Atlas Energy Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Thursday, May 15th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 7.61%. The ex-dividend date was Thursday, May 15th. Atlas Energy Solutions's dividend payout ratio is 322.58%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on AESI shares. Benchmark dropped their target price 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. Piper Sandler decreased their price objective on shares of Atlas Energy Solutions from $22.00 to $17.00 and set an "overweight" rating for the company in a research note on Thursday, May 8th. Citigroup cut their target price on shares of Atlas Energy Solutions from $18.00 to $14.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 13th. The Goldman Sachs Group reduced their target price on Atlas Energy Solutions from $22.00 to $15.00 and set a "neutral" rating for the company in a report on Thursday, April 10th. Finally, Stifel Nicolaus started coverage on Atlas Energy Solutions in a report on Wednesday, May 21st. They set a "buy" rating and a $15.00 price target on the stock. Six investment 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. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $19.28.

Insider Activity at Atlas Energy Solutions

In related news, Director Douglas G. Rogers acquired 7,000 shares of the company's stock in a transaction dated Wednesday, May 14th. The shares were bought at an average price of $13.27 per share, for a total transaction of $92,890.00. Following the acquisition, the director now owns 10,000 shares in the company, valued at $132,700. This trade represents a 233.33% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Ben M. Brigham acquired 9,635 shares of the business's stock in a transaction dated Wednesday, May 14th. The shares were bought at an average cost of $13.38 per share, with a total value of $128,916.30. Following the transaction, the chairman now directly owns 572,397 shares of the company's stock, 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. 15.98% of the stock is owned by company insiders.

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.