Palogic Value Management L.P. Reduces Holdings in Atlas Energy Solutions Inc. (NYSE:AESI)

Palogic Value Management L.P. lessened its holdings in shares of Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) by 40.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 65,000 shares of the company's stock after selling 45,000 shares during the period. Palogic Value Management L.P. owned about 0.05% of Atlas Energy Solutions worth $1,442,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Quarry LP bought a new position in Atlas Energy Solutions in the 4th quarter valued at approximately $27,000. CBIZ Investment Advisory Services LLC increased its position in shares of 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 buying an additional 523 shares during the period. Tower Research Capital LLC TRC grew its holdings in Atlas Energy Solutions by 307.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,387 shares of the company's stock worth $31,000 after purchasing an additional 1,047 shares during the period. Global Retirement Partners LLC grew its holdings in Atlas Energy Solutions by 191.9% in the fourth 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 during the period. Finally, Promus Capital LLC acquired a new stake in Atlas Energy Solutions in the fourth quarter worth $55,000. Institutional investors and hedge funds own 34.59% of the company's stock.

Insider Transactions at Atlas Energy Solutions

In other Atlas Energy Solutions news, Director Douglas G. Rogers purchased 7,000 shares of the stock in a transaction that occurred on Wednesday, May 14th. The stock was bought at an average cost of $13.27 per share, with a total value of $92,890.00. Following the transaction, the director now directly owns 10,000 shares in the company, valued at approximately $132,700. The trade was a 233.33% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Chairman Ben M. Brigham acquired 9,635 shares of Atlas Energy Solutions 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 disclosure for this purchase can be found here. Corporate insiders own 15.98% of the company's stock.

Analyst Ratings Changes

A number of research analysts have weighed in on AESI shares. Stifel Nicolaus started 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. Barclays reduced their target price on shares of 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. Benchmark reduced their target price on shares of Atlas Energy Solutions from $28.00 to $25.00 and set a "buy" rating for the company in a research note on Wednesday, February 26th. Royal Bank of Canada decreased their target price on shares of Atlas Energy Solutions from $21.00 to $17.00 and set an "outperform" rating on the stock in a report on Wednesday, May 7th. Finally, Citigroup decreased 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 report on Tuesday, May 13th. Six research 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 stock. According to MarketBeat.com, Atlas Energy Solutions has an average rating of "Moderate Buy" and a consensus target price of $19.28.

Atlas Energy Solutions Trading Down 2.1%

Shares of NYSE:AESI traded down $0.26 on Friday, hitting $12.17. The company had a trading volume of 1,408,419 shares, compared to its average volume of 1,370,179. The firm's 50-day simple moving average is $13.98 and its two-hundred day simple moving average is $18.92. Atlas Energy Solutions Inc. has a 1 year low of $11.76 and a 1 year high of $26.86. The company has a quick ratio of 1.08, a current ratio of 1.23 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of 15.41 and a beta of 1.34.

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 the consensus estimate of $0.18 by ($0.10). Atlas Energy Solutions had a return on equity of 11.01% and a net margin of 8.78%. The company had revenue of $297.59 million during the quarter, compared to analysts' expectations of $291.13 million. During the same period in the prior year, the business posted $0.26 earnings per share. The company's revenue for the quarter was up 54.5% on a year-over-year basis. Equities analysts anticipate 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 announced a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Thursday, May 15th were given a $0.25 dividend. The ex-dividend date was Thursday, May 15th. This represents a $1.00 annualized dividend and a dividend yield of 8.22%. Atlas Energy Solutions's dividend payout ratio is 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.