Voss Capital LP Invests $11.51 Million in Atlas Energy Solutions Inc. (NYSE:AESI)

Voss Capital LP acquired a new position in shares of Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 519,061 shares of the company's stock, valued at approximately $11,513,000. Atlas Energy Solutions comprises 0.9% of Voss Capital LP's investment portfolio, making the stock its 24th biggest position. Voss Capital LP owned 0.47% of Atlas Energy Solutions at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in AESI. 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 worth $30,000 after purchasing an additional 523 shares during the period. Global Retirement Partners LLC boosted its stake 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 valued at $43,000 after acquiring an additional 1,276 shares during the period. Promus Capital LLC acquired a new stake in shares of Atlas Energy Solutions during the 4th quarter worth approximately $55,000. FMR LLC lifted its holdings in shares of Atlas Energy Solutions by 101.0% in the 3rd quarter. FMR LLC now owns 2,696 shares of the company's stock worth $59,000 after purchasing an additional 1,355 shares during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in Atlas Energy Solutions in the fourth quarter worth $155,000. Institutional investors and hedge funds own 34.59% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on AESI. Barclays lowered their price target 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. Raymond James downgraded Atlas Energy Solutions from a "strong-buy" rating to a "hold" rating in a research report on Monday, January 6th. Benchmark lowered their target price on Atlas Energy Solutions from $28.00 to $25.00 and set a "buy" rating on the stock in a research report on Wednesday, February 26th. Royal Bank of Canada reissued an "outperform" rating and issued a $25.00 price target on shares of Atlas Energy Solutions in a research note on Wednesday, April 2nd. Finally, Stephens increased their target price on shares of Atlas Energy Solutions from $28.00 to $29.00 and gave the company an "overweight" rating in a research report on Tuesday, January 28th. Six analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $22.44.

Atlas Energy Solutions Trading Up 0.5 %

Shares of NYSE:AESI traded up $0.08 during midday trading on Friday, reaching $14.24. The company had a trading volume of 969,022 shares, compared to its average volume of 1,253,265. The company has a fifty day simple moving average of $16.78 and a two-hundred day simple moving average of $20.20. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.08 and a current ratio of 1.23. The firm has a market cap of $1.73 billion, a price-to-earnings ratio of 18.02 and a beta of 1.20. Atlas Energy Solutions Inc. has a 1-year low of $12.41 and a 1-year high of $26.86.

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

Atlas Energy Solutions Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were issued a dividend of $0.25 per share. This is a boost from Atlas Energy Solutions's previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a dividend yield of 7.02%. The ex-dividend date of this dividend was Friday, February 21st. Atlas Energy Solutions's dividend payout ratio (DPR) is currently 178.57%.

Insider Activity at Atlas Energy Solutions

In other news, major shareholder Stacy Hock sold 10,000 shares of the firm's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $22.50, for a total transaction of $225,000.00. Following the completion of the sale, the insider now directly owns 897,604 shares of the company's stock, valued at $20,196,090. This trade represents a 1.10 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Brian Anthony Leveille sold 12,500 shares of Atlas Energy Solutions stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $24.46, for a total value of $305,750.00. Following the sale, the insider now owns 362,010 shares of the company's stock, valued at approximately $8,854,764.60. This represents a 3.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 15.98% of the stock is currently owned by insiders.

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.