Chatham Capital Group Inc. Increases Stock Position in Atlas Energy Solutions Inc. (NYSE:AESI)

Chatham Capital Group Inc. raised its holdings in Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) by 92.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 106,319 shares of the company's stock after purchasing an additional 51,044 shares during the quarter. Chatham Capital Group Inc. owned 0.09% of Atlas Energy Solutions worth $1,897,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in AESI. First Trust Advisors LP lifted its stake in Atlas Energy Solutions by 31.5% in the 4th quarter. First Trust Advisors LP now owns 3,908,810 shares of the company's stock valued at $86,697,000 after buying an additional 935,410 shares in the last quarter. Frontier Capital Management Co. LLC acquired a new stake in shares of Atlas Energy Solutions during the 4th quarter worth approximately $17,770,000. Vanguard Group Inc. boosted its position in shares of Atlas Energy Solutions by 12.6% during the 4th quarter. Vanguard Group Inc. now owns 6,915,325 shares of the company's stock worth $153,382,000 after purchasing an additional 773,035 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Atlas Energy Solutions by 25.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,390,269 shares of the company's stock worth $75,197,000 after purchasing an additional 689,846 shares during the period. Finally, Cetera Investment Advisers boosted its position in Atlas Energy Solutions by 593.9% in the 4th quarter. Cetera Investment Advisers now owns 639,528 shares of the company's stock valued at $14,185,000 after buying an additional 547,359 shares during the period. 34.59% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Atlas Energy Solutions news, Director Douglas G. Rogers purchased 7,000 shares of Atlas Energy Solutions stock in a transaction on Wednesday, May 14th. The shares were bought at an average price of $13.27 per share, with a total value of $92,890.00. Following the completion of the acquisition, the director now directly owns 10,000 shares of the company's stock, valued at approximately $132,700. This trade represents a 233.33% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Ben M. Brigham purchased 9,635 shares of Atlas Energy Solutions stock in a transaction on Wednesday, May 14th. The stock was acquired at an average cost of $13.38 per share, for a total transaction of $128,916.30. Following the acquisition, the chairman now directly owns 572,397 shares of the company's stock, valued at approximately $7,658,671.86. This represents a 1.71% increase in their ownership of the stock. The disclosure for this purchase can be found here. 15.98% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on AESI. Barclays decreased their price objective on shares of Atlas Energy Solutions from $23.00 to $19.00 and set an "equal weight" rating for the company in a research report on Monday, March 3rd. Citigroup cut their price target 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. Royal Bank of Canada cut their price target on shares of Atlas Energy Solutions from $21.00 to $17.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 7th. Stifel Nicolaus started coverage on shares of Atlas Energy Solutions in a research note on Wednesday, May 21st. They set a "buy" rating and a $15.00 price target on the stock. Finally, The Goldman Sachs Group cut their price target on shares of Atlas Energy Solutions from $22.00 to $15.00 and set a "neutral" rating on the stock in a research note on Thursday, April 10th. Six investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Atlas Energy Solutions has an average rating of "Moderate Buy" and an average target price of $19.28.

Atlas Energy Solutions Stock Performance

Shares of NYSE:AESI traded up $0.39 during midday trading on Friday, hitting $13.14. The stock had a trading volume of 1,506,456 shares, compared to its average volume of 1,381,432. The company has a market capitalization of $1.62 billion, a PE ratio of 16.63 and a beta of 1.14. The stock has a 50 day moving average price of $13.46 and a two-hundred day moving average price of $18.64. 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.

Atlas Energy Solutions (NYSE:AESI - Get Free Report) last issued its earnings results 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). The firm had revenue of $297.59 million during the quarter, compared to analysts' expectations of $291.13 million. Atlas Energy Solutions had a net margin of 8.78% and a return on equity of 11.01%. The firm's revenue was up 54.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.26 EPS. As a group, equities analysts predict that Atlas Energy Solutions Inc. will post 0.83 earnings per share for the current fiscal year.

Atlas Energy Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Investors 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 yield of 7.61%. The ex-dividend date was Thursday, May 15th. Atlas Energy Solutions's dividend payout ratio is currently 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.