Silvercrest Asset Management Group LLC Boosts Position in Atlas Energy Solutions Inc. (NYSE:AESI)

Silvercrest Asset Management Group LLC boosted its holdings in shares of Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) by 40.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 290,319 shares of the company's stock after buying an additional 83,843 shares during the quarter. Silvercrest Asset Management Group LLC owned 0.26% of Atlas Energy Solutions worth $6,439,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Prudential Financial Inc. acquired a new stake in shares of Atlas Energy Solutions during the 4th quarter worth approximately $1,366,000. Louisiana State Employees Retirement System acquired a new stake in shares of Atlas Energy Solutions during the 4th quarter worth approximately $650,000. Hodges Capital Management Inc. grew its stake in shares of Atlas Energy Solutions by 44.7% during the 4th quarter. Hodges Capital Management Inc. now owns 194,000 shares of the company's stock worth $4,302,000 after purchasing an additional 59,940 shares during the period. Northern Trust Corp grew its stake in shares of Atlas Energy Solutions by 11.8% during the 4th quarter. Northern Trust Corp now owns 898,253 shares of the company's stock worth $19,923,000 after purchasing an additional 94,949 shares during the period. Finally, Vanguard Group Inc. grew its stake 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. 34.59% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Atlas Energy Solutions news, Director Douglas G. Rogers bought 7,000 shares of the 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 purchase, the director now directly 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 SEC, which is available through this hyperlink. Also, major shareholder Gregory M. Shepard purchased 32,155 shares of Atlas Energy Solutions stock in a transaction dated Thursday, February 27th. The shares were bought at an average price of $19.04 per share, for a total transaction of $612,231.20. Following the acquisition, the insider now owns 7,651,210 shares in the company, valued at approximately $145,679,038.40. This trade represents a 0.42% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 48,790 shares of company stock valued at $834,038 in the last 90 days. 15.98% of the stock is owned by insiders.

Atlas Energy Solutions Price Performance

Atlas Energy Solutions stock traded down $0.12 during trading on Friday, reaching $12.43. The company had a trading volume of 1,798,559 shares, compared to its average volume of 1,363,477. The firm's 50-day simple moving average is $14.57 and its 200 day simple moving average is $19.24. Atlas Energy Solutions Inc. has a 1-year low of $11.76 and a 1-year high of $26.86. The firm has a market capitalization of $1.54 billion, a PE ratio of 15.73 and a beta of 1.34. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.08 and a current ratio of 1.23.

Atlas Energy Solutions (NYSE:AESI - Get Free Report) last announced its earnings results on Monday, May 5th. The company reported $0.08 earnings per share (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 business had revenue of $297.59 million for the quarter, compared to analyst estimates of $291.13 million. During the same period last year, the firm earned $0.26 EPS. The company's revenue for the quarter was up 54.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Atlas Energy Solutions Inc. will post 0.83 earnings per share for the current fiscal year.

Atlas Energy Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 15th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $1.00 annualized dividend and a yield of 8.05%. Atlas Energy Solutions's dividend payout ratio (DPR) is presently 322.58%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on AESI shares. Piper Sandler dropped their price objective on shares of Atlas Energy Solutions from $22.00 to $17.00 and set an "overweight" rating on the stock in a research note on Thursday, May 8th. Stephens raised their price objective on shares of Atlas Energy Solutions from $28.00 to $29.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 28th. Citigroup dropped 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 note on Tuesday, May 13th. Barclays dropped their price objective on shares of Atlas Energy Solutions from $23.00 to $19.00 and set an "equal weight" rating on the stock in a research note on Monday, March 3rd. Finally, The Goldman Sachs Group dropped their price objective 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 analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price 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.