Palogic Value Management L.P. Has $1.44 Million Stock Position in Atlas Energy Solutions Inc. (NYSE:AESI)

Palogic Value Management L.P. cut its position in Atlas Energy Solutions Inc. (NYSE:AESI) by 40.9% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 65,000 shares of the company’s stock after selling 45,000 shares during the quarter. Palogic Value Management L.P.’s holdings in Atlas Energy Solutions were worth $1,442,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. CBIZ Investment Advisory Services LLC boosted its holdings in shares of Atlas Energy Solutions by 62.9% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 1,354 shares of the company’s stock worth $30,000 after acquiring an additional 523 shares in the last quarter. Global Retirement Partners LLC grew 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 worth $43,000 after purchasing an additional 1,276 shares during the last quarter. Quest Partners LLC acquired a new stake in shares of Atlas Energy Solutions in the third quarter valued at $48,000. Promus Capital LLC bought a new position in shares of Atlas Energy Solutions in the fourth quarter valued at about $55,000. Finally, FMR LLC lifted its position in Atlas Energy Solutions by 101.0% during the 3rd quarter. FMR LLC now owns 2,696 shares of the company’s stock worth $59,000 after buying an additional 1,355 shares in the last quarter. 34.59% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, major shareholder Stacy Hock sold 10,000 shares of Atlas Energy Solutions 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 transaction, the insider now owns 897,604 shares in the company, valued at $20,196,090. The trade was a 1.10 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Gregory M. Shepard acquired 32,155 shares of the business’s stock in a transaction dated Thursday, February 27th. The shares were acquired at an average price of $19.04 per share, for a total transaction of $612,231.20. Following the acquisition, the insider now directly owns 7,651,210 shares in the company, 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. Over the last quarter, insiders have sold 50,000 shares of company stock worth $1,164,750. Insiders own 24.34% of the company’s stock.

Atlas Energy Solutions Stock Performance

AESI stock opened at $18.36 on Friday. Atlas Energy Solutions Inc. has a twelve month low of $16.98 and a twelve 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 company has a market cap of $2.23 billion, a P/E ratio of 23.24 and a beta of 1.18. The business’s fifty day moving average is $21.08 and its 200-day moving average is $21.40.

Atlas Energy Solutions (NYSE:AESI) last released its earnings results on Monday, February 24th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $271.34 million during the quarter, compared to analyst estimates of $272.94 million. Equities research analysts forecast that Atlas Energy Solutions Inc. will post 0.83 EPS for the current year.

Atlas Energy Solutions Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were issued a dividend of $0.25 per share. The ex-dividend date was Friday, February 21st. This represents a $1.00 dividend on an annualized basis and a yield of 5.45%. This is a boost from Atlas Energy Solutions’s previous quarterly dividend of $0.24. Atlas Energy Solutions’s dividend payout ratio (DPR) is 178.57%.

Wall Street Analysts Forecast Growth

AESI has been the subject of several research reports. Raymond James cut shares of Atlas Energy Solutions from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 6th. Benchmark lowered their price target on shares of Atlas Energy Solutions from $28.00 to $25.00 and set a “buy” rating for the company in a report on Wednesday, February 26th. Royal Bank of Canada reduced their price objective on Atlas Energy Solutions from $28.00 to $25.00 and set an “outperform” rating on the stock in a report on Wednesday, February 26th. The Goldman Sachs Group initiated coverage on Atlas Energy Solutions in a research note on Friday, December 13th. They issued a “neutral” rating and a $23.00 target price for the company. Finally, Piper Sandler assumed coverage on Atlas Energy Solutions in a research note on Wednesday, March 12th. They set an “overweight” rating and a $22.00 price target on the stock. Six investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Atlas Energy Solutions currently has an average rating of “Moderate Buy” and an average price target of $23.83.

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.