Emerald Mutual Fund Advisers Trust Has $1.24 Million Stock Position in Atlas Energy Solutions Inc. (NYSE:AESI)

Emerald Mutual Fund Advisers Trust increased its holdings in shares of Atlas Energy Solutions Inc. (NYSE:AESI) by 2,099.8% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 62,298 shares of the company’s stock after purchasing an additional 59,466 shares during the period. Emerald Mutual Fund Advisers Trust’s holdings in Atlas Energy Solutions were worth $1,242,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. First Horizon Advisors Inc. lifted its position in shares of Atlas Energy Solutions by 313.7% in the second quarter. First Horizon Advisors Inc. now owns 1,725 shares of the company’s stock valued at $34,000 after buying an additional 1,308 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Atlas Energy Solutions in the 2nd quarter valued at $74,000. DekaBank Deutsche Girozentrale acquired a new stake in Atlas Energy Solutions during the 1st quarter valued at $78,000. nVerses Capital LLC bought a new position in Atlas Energy Solutions during the second quarter worth $106,000. Finally, Bessemer Group Inc. acquired a new position in shares of Atlas Energy Solutions in the first quarter valued at $154,000. Institutional investors and hedge funds own 34.59% of the company’s stock.

Insider Activity

In other news, major shareholder Gregory M. Shepard acquired 60,393 shares of the stock in a transaction on Thursday, June 20th. The stock was acquired at an average cost of $19.05 per share, for a total transaction of $1,150,486.65. Following the completion of the transaction, the insider now directly owns 7,383,018 shares in the company, valued at $140,646,492.90. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. In other Atlas Energy Solutions news, major shareholder Gregory M. Shepard purchased 60,393 shares of the firm’s stock in a transaction dated Thursday, June 20th. The shares were bought at an average price of $19.05 per share, for a total transaction of $1,150,486.65. Following the purchase, the insider now owns 7,383,018 shares in the company, valued at approximately $140,646,492.90. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Stacy Hock sold 8,574 shares of the business’s stock in a transaction on Monday, June 24th. The stock was sold at an average price of $19.76, for a total value of $169,422.24. Following the transaction, the insider now directly owns 969,030 shares of the company’s stock, valued at approximately $19,148,032.80. The disclosure for this sale can be found here. In the last ninety days, insiders bought 134,526 shares of company stock worth $2,611,884 and sold 25,716 shares worth $513,205. Corporate insiders own 24.34% of the company’s stock.

Atlas Energy Solutions Trading Down 1.1 %

Shares of AESI stock opened at $20.22 on Friday. The stock has a 50 day simple moving average of $20.39 and a 200 day simple moving average of $21.32. Atlas Energy Solutions Inc. has a 1 year low of $15.55 and a 1 year high of $24.93. The company has a current ratio of 1.53, a quick ratio of 1.35 and a debt-to-equity ratio of 0.42. The stock has a market cap of $2.02 billion, a P/E ratio of 11.23, a price-to-earnings-growth ratio of 5.92 and a beta of 0.56.

Atlas Energy Solutions (NYSE:AESI) last released its earnings results on Monday, August 5th. The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.18). Atlas Energy Solutions had a net margin of 13.71% and a return on equity of 16.75%. The company had revenue of $287.52 million for the quarter, compared to the consensus estimate of $270.55 million. During the same quarter in the previous year, the company posted $0.69 earnings per share. The business’s revenue was up 77.7% compared to the same quarter last year. On average, research analysts predict that Atlas Energy Solutions Inc. will post 1.48 earnings per share for the current fiscal year.

Atlas Energy Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Thursday, August 15th were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 4.55%. This is an increase from Atlas Energy Solutions’s previous quarterly dividend of $0.22. The ex-dividend date was Thursday, August 15th. Atlas Energy Solutions’s dividend payout ratio is presently 51.11%.

Analyst Ratings Changes

Several analysts recently commented on AESI shares. Royal Bank of Canada reduced their target price on shares of Atlas Energy Solutions from $27.00 to $26.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. Piper Sandler reduced their price objective on Atlas Energy Solutions from $29.00 to $27.00 and set an “overweight” rating for the company in a report on Monday, July 15th. Bank of America lowered their target price on Atlas Energy Solutions from $25.00 to $24.00 and set a “buy” rating on the stock in a research note on Monday, July 15th. Stephens restated an “overweight” rating and issued a $28.00 price target on shares of Atlas Energy Solutions in a research note on Tuesday, August 6th. Finally, Tudor Pickering raised Atlas Energy Solutions to a “strong-buy” rating in a report on Monday, June 24th. Eight analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Atlas Energy Solutions has an average rating of “Buy” and an average price target of $26.25.

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.