Harbor Capital Advisors Inc. Buys 40,607 Shares of Atlas Energy Solutions Inc. (NYSE:AESI)

Harbor Capital Advisors Inc. lifted its holdings in Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) by 120.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 74,340 shares of the company's stock after buying an additional 40,607 shares during the quarter. Harbor Capital Advisors Inc. owned approximately 0.06% of Atlas Energy Solutions worth $1,326,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. CBIZ Investment Advisory Services LLC boosted its stake in Atlas Energy Solutions by 62.9% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 1,354 shares of the company's stock worth $30,000 after acquiring an additional 523 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Atlas Energy Solutions by 307.9% during the fourth 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. Quarry LP purchased a new position in shares of Atlas Energy Solutions during the fourth quarter valued at approximately $27,000. Global Retirement Partners LLC boosted its position in shares of Atlas Energy Solutions by 191.9% in the 4th quarter. Global Retirement Partners LLC now owns 1,941 shares of the company's stock worth $43,000 after purchasing an additional 1,276 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Atlas Energy Solutions by 3.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 38,630 shares of the company's stock worth $857,000 after buying an additional 1,354 shares during the last quarter. 34.59% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Atlas Energy Solutions

In other Atlas Energy Solutions 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, for a total transaction of $92,890.00. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Ben M. Brigham bought 9,635 shares of the business's stock in a transaction that occurred on 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 completion of the purchase, the chairman now directly owns 572,397 shares of the company's stock, valued at $7,658,671.86. This represents a 1.71% increase in their position. The disclosure for this purchase can be found here. 15.98% of the stock is owned by corporate insiders.

Atlas Energy Solutions Stock Performance

Shares of AESI stock traded up $0.26 during trading hours on Friday, reaching $14.66. The company had a trading volume of 1,803,024 shares, compared to its average volume of 1,379,746. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.08 and a current ratio of 1.23. The business has a fifty day moving average price of $13.35 and a 200-day moving average price of $18.45. Atlas Energy Solutions Inc. has a one year low of $11.76 and a one year high of $26.86. The firm has a market cap of $1.81 billion, a PE ratio of 18.56 and a beta of 1.14.

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

Atlas Energy Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, May 15th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 6.82%. The ex-dividend date of this dividend was Thursday, May 15th. Atlas Energy Solutions's dividend payout ratio (DPR) is presently 322.58%.

Wall Street Analysts Forecast Growth

AESI has been the subject of a number of recent research reports. Piper Sandler lowered their price objective on 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. Royal Bank of Canada dropped 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. Citigroup cut 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. Stifel Nicolaus initiated coverage on shares of Atlas Energy Solutions in a report on Wednesday, May 21st. They issued a "buy" rating and a $15.00 target price for the company. Finally, 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 note on Wednesday, February 26th. Six investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Atlas Energy Solutions has a consensus rating of "Moderate Buy" and an average price target of $19.28.

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.