Captrust Financial Advisors Has $416,000 Stock Position in Atlas Energy Solutions Inc. (NYSE:AESI)

Captrust Financial Advisors decreased its position in Atlas Energy Solutions Inc. (NYSE:AESI) by 44.6% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 19,098 shares of the company’s stock after selling 15,368 shares during the period. Captrust Financial Advisors’ holdings in Atlas Energy Solutions were worth $416,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. First Horizon Advisors Inc. grew its holdings in shares of Atlas Energy Solutions by 313.7% in the 2nd 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 period. Amalgamated Bank boosted its stake in Atlas Energy Solutions by 328.1% in the 2nd quarter. Amalgamated Bank now owns 2,350 shares of the company’s stock worth $47,000 after purchasing an additional 1,801 shares during the period. Quest Partners LLC acquired a new position in Atlas Energy Solutions in the 3rd quarter worth $48,000. FMR LLC boosted its stake in 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 period. Finally, CWM LLC boosted its stake in Atlas Energy Solutions by 47.1% in the 3rd quarter. CWM LLC now owns 2,766 shares of the company’s stock worth $60,000 after purchasing an additional 886 shares during the period. Institutional investors and hedge funds own 34.59% of the company’s stock.

Atlas Energy Solutions Stock Performance

NYSE AESI opened at $22.61 on Friday. The company has a current ratio of 1.23, a quick ratio of 1.08 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $2.49 billion, a price-to-earnings ratio of 28.62, a P/E/G ratio of 11.31 and a beta of 0.95. The firm’s 50 day simple moving average is $21.41 and its 200 day simple moving average is $21.04. Atlas Energy Solutions Inc. has a 1 year low of $15.55 and a 1 year high of $24.93.

Atlas Energy Solutions (NYSE:AESI) last issued its quarterly earnings data on Monday, October 28th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.25). The company had revenue of $304.40 million during the quarter, compared to the consensus estimate of $307.93 million. Atlas Energy Solutions had a net margin of 8.78% and a return on equity of 11.01%. Atlas Energy Solutions’s revenue for the quarter was up 93.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.51 EPS. As a group, research analysts expect that Atlas Energy Solutions Inc. will post 0.88 earnings per share for the current fiscal year.

Atlas Energy Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Thursday, November 7th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $0.96 annualized dividend and a dividend yield of 4.25%. This is an increase from Atlas Energy Solutions’s previous quarterly dividend of $0.23. Atlas Energy Solutions’s dividend payout ratio (DPR) is presently 121.52%.

Insider Buying and Selling

In related news, major shareholder Gregory M. Shepard purchased 13,363 shares of Atlas Energy Solutions stock in a transaction on Monday, November 4th. The stock was acquired at an average cost of $19.19 per share, for a total transaction of $256,435.97. Following the completion of the acquisition, the insider now owns 7,619,055 shares of the company’s stock, valued at $146,209,665.45. This trade represents a 0.18 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Brian Anthony Leveille sold 10,000 shares of the firm’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $20.50, for a total transaction of $205,000.00. Following the completion of the sale, the insider now owns 542,010 shares of the company’s stock, valued at $11,111,205. The trade was a 1.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders bought 60,869 shares of company stock valued at $1,187,983 and sold 119,642 shares valued at $2,650,185. 24.34% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on AESI. Citigroup lowered shares of Atlas Energy Solutions from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $23.00 to $22.00 in a research note on Thursday, November 14th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $25.00 target price on shares of Atlas Energy Solutions in a research note on Wednesday, October 30th. Pickering Energy Partners downgraded shares of Atlas Energy Solutions from an “outperform” rating to a “neutral” rating in a research note on Wednesday, October 30th. The Goldman Sachs Group downgraded shares of Atlas Energy Solutions from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $23.00 to $21.00 in a research note on Thursday, November 7th. Finally, Barclays downgraded shares of Atlas Energy Solutions from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $23.00 to $19.00 in a research note on Tuesday, November 12th. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $24.44.

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.