Versor Investments LP Invests $629,000 in Atlas Energy Solutions Inc. $AESI

Key Points

• Versor Investments LP has acquired 35,230 shares of Atlas Energy Solutions Inc. ($AESI), valued at approximately $629,000, indicating growing interest from institutional investors in the company.
• Atlas Energy Solutions recently announced a dividend of $0.25 per share, with a yield of 8.9%, though its payout ratio is notably high at 714.29%.
• Analysts have issued mixed ratings for AESI, with price targets ranging from $14.00 to $21.00, while the stock currently has an average rating of "Hold" and a consensus price target of $18.83.

Versor Investments LP bought a new stake in Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 35,230 shares of the company's stock, valued at approximately $629,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AESI. Wells Fargo & Company MN boosted its holdings in Atlas Energy Solutions by 13.6% in the fourth quarter. Wells Fargo & Company MN now owns 103,027 shares of the company's stock valued at $2,285,000 after acquiring an additional 12,364 shares during the last quarter. Invesco Ltd. boosted its holdings in Atlas Energy Solutions by 43.9% in the fourth quarter. Invesco Ltd. now owns 549,829 shares of the company's stock valued at $12,195,000 after acquiring an additional 167,701 shares during the last quarter. Legal & General Group Plc boosted its holdings in Atlas Energy Solutions by 257.8% in the fourth quarter. Legal & General Group Plc now owns 144,400 shares of the company's stock valued at $3,203,000 after acquiring an additional 104,045 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Atlas Energy Solutions in the fourth quarter valued at $2,203,000. Finally, Barclays PLC boosted its holdings in Atlas Energy Solutions by 7.2% in the fourth quarter. Barclays PLC now owns 187,633 shares of the company's stock valued at $4,162,000 after acquiring an additional 12,551 shares during the last quarter. Institutional investors and hedge funds own 34.59% of the company's stock.

Analysts Set New Price Targets

AESI has been the topic of a number of research analyst reports. Piper Sandler reduced their target price on Atlas Energy Solutions from $16.00 to $14.00 and set a "neutral" rating on the stock in a report on Thursday, August 14th. Citigroup reduced their price objective on 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. Royal Bank Of Canada reduced their price objective on 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. Finally, Stifel Nicolaus reduced their price objective on Atlas Energy Solutions from $14.50 to $14.00 and set a "buy" rating on the stock in a research note on Monday, August 11th. Four investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, Atlas Energy Solutions presently has a consensus rating of "Hold" and a consensus price target of $18.83.

Atlas Energy Solutions Stock Down 0.6%

Shares of AESI traded down $0.07 during midday trading on Monday, reaching $11.76. 1,185,937 shares of the company were exchanged, compared to its average volume of 1,552,749. Atlas Energy Solutions Inc. has a 1-year low of $10.92 and a 1-year high of $26.86. The company has a market cap of $1.46 billion, a price-to-earnings ratio of 84.01 and a beta of 1.19. The company has a current ratio of 1.56, a quick ratio of 1.30 and a debt-to-equity ratio of 0.39. The stock has a 50-day moving average price of $13.14 and a 200-day moving average price of $14.85.

Atlas Energy Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Thursday, August 14th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 8.5%. The ex-dividend date of this dividend was Thursday, August 14th. Atlas Energy Solutions's 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.