20,251 Shares in Atlas Energy Solutions Inc. (NYSE:AESI) Acquired by Jump Financial LLC

Jump Financial LLC purchased a new stake in shares of Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 20,251 shares of the company's stock, valued at approximately $449,000.

Other large investors also recently bought and sold shares of the company. CBIZ Investment Advisory Services LLC raised its holdings 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 valued at $30,000 after purchasing an additional 523 shares during the last quarter. Wilmington Savings Fund Society FSB raised its holdings in shares of Atlas Energy Solutions by 8.0% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 14,770 shares of the company's stock valued at $328,000 after purchasing an additional 1,100 shares during the last quarter. Global Retirement Partners LLC raised its holdings in shares of Atlas Energy Solutions by 191.9% during the fourth quarter. Global Retirement Partners LLC now owns 1,941 shares of the company's stock valued at $43,000 after purchasing an additional 1,276 shares during the last quarter. Promus Capital LLC bought a new stake in Atlas Energy Solutions during the fourth quarter valued at approximately $55,000. Finally, Bessemer Group Inc. grew its position in Atlas Energy Solutions by 17.0% during the fourth quarter. Bessemer Group Inc. now owns 19,252 shares of the company's stock valued at $427,000 after buying an additional 2,803 shares during the period. 34.59% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AESI has been the subject of several recent research reports. Piper Sandler initiated coverage on shares of Atlas Energy Solutions in a research report on Wednesday, March 12th. They set an "overweight" rating and a $22.00 target price for the company. Benchmark cut 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 report on Wednesday, February 26th. Bank of America restated a "neutral" rating and set a $22.50 target price on shares of Atlas Energy Solutions in a research report on Monday, January 13th. Barclays cut 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 report on Monday, March 3rd. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $25.00 price target on shares of Atlas Energy Solutions in a research report on Wednesday, April 2nd. Six analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Atlas Energy Solutions currently has an average rating of "Moderate Buy" and a consensus target price of $22.44.

Insider Activity at Atlas Energy Solutions

In related news, major shareholder Stacy Hock sold 10,000 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $22.50, for a total value of $225,000.00. Following the completion of the transaction, the insider now owns 897,604 shares of the company's stock, valued at $20,196,090. The trade was a 1.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Gregory M. Shepard acquired 32,155 shares of Atlas Energy Solutions stock in a transaction that occurred on Thursday, February 27th. The stock was acquired at an average cost of $19.04 per share, with a total value of $612,231.20. Following the purchase, the insider now directly owns 7,651,210 shares of the company's stock, valued at $145,679,038.40. This represents a 0.42 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 15.98% of the stock is owned by company insiders.

Atlas Energy Solutions Trading Down 5.2 %

AESI traded down $0.75 on Wednesday, hitting $13.55. The company had a trading volume of 1,737,638 shares, compared to its average volume of 1,264,481. The company has a market cap of $1.65 billion, a PE ratio of 17.15 and a beta of 1.20. Atlas Energy Solutions Inc. has a 12-month low of $12.41 and a 12-month 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 business's fifty day simple moving average is $16.34 and its 200 day simple moving average is $20.06.

Atlas Energy Solutions (NYSE:AESI - Get Free Report) last released its quarterly earnings results on Monday, February 24th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.12). Atlas Energy Solutions had a return on equity of 11.01% and a net margin of 8.78%. The company had revenue of $271.34 million during the quarter, compared to analysts' expectations of $272.94 million. Equities research analysts expect that Atlas Energy Solutions Inc. will post 0.83 EPS for the current year.

Atlas Energy Solutions Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were issued a $0.25 dividend. This is a positive change from Atlas Energy Solutions's previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 7.38%. Atlas Energy Solutions's payout ratio is presently 178.57%.

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.