49,139 Shares in Atlas Energy Solutions Inc. (NYSE:AESI) Acquired by Universal Beteiligungs und Servicegesellschaft mbH

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Atlas Energy Solutions Inc. by purchasing 49,139 shares worth approximately $877,000 in the first quarter of the year.
• In recent transactions, insiders including Chairman Ben M. Brigham and Director Douglas G. Rogers significantly increased their holdings in the company, reflecting confidence in its prospects.
• Atlas Energy Solutions recently announced a quarterly dividend of $0.25 per share, leading to an annualized dividend yield of 8.0%, despite a high dividend payout ratio of 322.58%.

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) in the first quarter, according to its most recent filing with the SEC. The fund acquired 49,139 shares of the company's stock, valued at approximately $877,000.

A number of other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. grew its stake in Atlas Energy Solutions by 12.6% in the 4th quarter. Vanguard Group Inc. now owns 6,915,325 shares of the company's stock valued at $153,382,000 after buying an additional 773,035 shares in the last quarter. First Trust Advisors LP grew its position in shares of Atlas Energy Solutions by 31.5% during the 4th quarter. First Trust Advisors LP now owns 3,908,810 shares of the company's stock valued at $86,697,000 after purchasing an additional 935,410 shares in the last quarter. Price T Rowe Associates Inc. MD grew 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 valued at $75,197,000 after purchasing an additional 689,846 shares in the last quarter. Copeland Capital Management LLC grew its position in shares of Atlas Energy Solutions by 42.5% during the 1st quarter. Copeland Capital Management LLC now owns 3,203,592 shares of the company's stock valued at $57,152,000 after purchasing an additional 955,818 shares in the last quarter. Finally, Cooke & Bieler LP grew its position in shares of Atlas Energy Solutions by 2.3% during the 1st quarter. Cooke & Bieler LP now owns 2,600,093 shares of the company's stock valued at $46,386,000 after purchasing an additional 57,546 shares in the last quarter. 34.59% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Citigroup reduced their price target on shares of Atlas Energy Solutions from $18.00 to $14.00 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. 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 for the company in a report on Thursday, April 10th. Piper Sandler reaffirmed a "neutral" rating and set a $16.00 price objective on shares of Atlas Energy Solutions in a report on Tuesday, July 15th. Stifel Nicolaus dropped their price objective on shares of Atlas Energy Solutions from $15.00 to $14.50 and set a "buy" rating for the company in a report on Wednesday, July 16th. Finally, Royal Bank Of Canada dropped their price objective on shares of Atlas Energy Solutions from $21.00 to $17.00 and set an "outperform" rating for the company in a report on Wednesday, May 7th. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $19.11.

Atlas Energy Solutions Trading Down 4.3%

Atlas Energy Solutions stock traded down $0.55 during mid-day trading on Wednesday, hitting $12.03. The company's stock had a trading volume of 1,249,853 shares, compared to its average volume of 1,736,887. The company has a 50 day moving average of $13.63 and a 200-day moving average of $16.06. The stock has a market cap of $1.49 billion, a PE ratio of 85.86 and a beta of 1.19. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.40 and a current ratio of 1.62. Atlas Energy Solutions Inc. has a one year low of $11.76 and a one 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). Atlas Energy Solutions had a return on equity of 3.21% and a net margin of 1.20%. The firm had revenue of $297.59 million during the quarter, compared to analysts' expectations of $291.13 million. During the same quarter in the prior year, the company posted $0.26 earnings per share. Atlas Energy Solutions's quarterly revenue was up 54.5% compared to the same quarter last year. On average, research analysts anticipate that Atlas Energy Solutions Inc. will post 0.83 EPS for the current year.

Atlas Energy Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 21st. Investors of record on Thursday, August 14th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 8.3%. The ex-dividend date of this dividend is Thursday, August 14th. Atlas Energy Solutions's dividend payout ratio is currently 322.58%.

Insider Activity

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

Atlas Energy Solutions 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.