Jump Financial LLC Purchases 37,792 Shares of Atlas Energy Solutions Inc. $AESI

Key Points

• Jump Financial LLC increased its stake in Atlas Energy Solutions Inc. by 186.6%, now owning 58,043 shares valued at approximately $1,035,000.
• Atlas Energy Solutions recently announced a quarterly dividend of $0.25 per share, yielding 8.5% annually, with a high payout ratio of 714.29%.
• Analysts have lowered their price targets for Atlas Energy Solutions, with the average target now at $18.83, rating it as "Hold" based on recent evaluations.

Jump Financial LLC grew its position in Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) by 186.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 58,043 shares of the company's stock after purchasing an additional 37,792 shares during the quarter. Jump Financial LLC's holdings in Atlas Energy Solutions were worth $1,035,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in AESI. Nuveen LLC acquired a new position in shares of Atlas Energy Solutions in the first quarter valued at approximately $26,956,000. Vanguard Group Inc. grew its position in shares of Atlas Energy Solutions by 16.5% in the first quarter. Vanguard Group Inc. now owns 8,054,677 shares of the company's stock valued at $143,695,000 after purchasing an additional 1,139,352 shares during the last quarter. HITE Hedge Asset Management LLC bought a new stake in shares of Atlas Energy Solutions in the first quarter valued at approximately $18,844,000. Copeland Capital Management LLC boosted its stake in shares of Atlas Energy Solutions by 42.5% in the first quarter. Copeland Capital Management LLC now owns 3,203,592 shares of the company's stock valued at $57,152,000 after buying an additional 955,818 shares during the period. Finally, Frontier Capital Management Co. LLC bought a new stake in shares of Atlas Energy Solutions in the fourth quarter valued at approximately $17,770,000. Institutional investors and hedge funds own 34.59% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on AESI shares. Piper Sandler cut their price target on Atlas Energy Solutions from $16.00 to $14.00 and set a "neutral" rating for the company in a research note on Thursday, August 14th. Royal Bank Of Canada cut their price target on Atlas Energy Solutions from $21.00 to $17.00 and set an "outperform" rating for the company in a research note on Wednesday, May 7th. Citigroup cut their price target on Atlas Energy Solutions from $18.00 to $14.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. Finally, Stifel Nicolaus cut their price target on Atlas Energy Solutions from $14.50 to $14.00 and set a "buy" rating for the company in a research note on Monday, August 11th. Four equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $18.83.

Atlas Energy Solutions Price Performance

Shares of AESI traded up $0.22 during mid-day trading on Thursday, reaching $11.10. The company had a trading volume of 340,019 shares, compared to its average volume of 1,697,303. Atlas Energy Solutions Inc. has a 1-year low of $10.79 and a 1-year high of $26.86. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.30 and a current ratio of 1.56. The company has a market capitalization of $1.37 billion, a price-to-earnings ratio of 79.19 and a beta of 1.19. The company's 50 day simple moving average is $12.78 and its 200 day simple moving average is $14.46.

Atlas Energy Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Thursday, August 14th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 9.0%. The ex-dividend date was Thursday, August 14th. Atlas Energy Solutions's dividend payout ratio is presently 714.29%.

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.