Proficio Capital Partners LLC Purchases Shares of 22,313 Atlas Energy Solutions Inc. (NYSE:AESI)

Proficio Capital Partners LLC acquired a new position in shares of Atlas Energy Solutions Inc. (NYSE:AESI) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 22,313 shares of the company’s stock, valued at approximately $495,000.

Several other hedge funds also recently modified their holdings of the stock. Global Retirement Partners LLC raised its stake in Atlas Energy Solutions by 191.9% during the 4th quarter. Global Retirement Partners LLC now owns 1,941 shares of the company’s stock worth $43,000 after buying an additional 1,276 shares during the period. Quest Partners LLC acquired a new position in shares of Atlas Energy Solutions during the third quarter worth approximately $48,000. 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 in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Atlas Energy Solutions by 55.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,745 shares of the company’s stock valued at $125,000 after purchasing an additional 2,043 shares during the period. Finally, Mutual of America Capital Management LLC bought a new stake in Atlas Energy Solutions during the 4th quarter valued at $204,000. Institutional investors own 34.59% of the company’s stock.

Atlas Energy Solutions Stock Performance

AESI stock opened at $18.54 on Tuesday. 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 firm has a market cap of $2.26 billion, a PE ratio of 23.46 and a beta of 1.18. The business has a 50 day moving average of $20.94 and a 200-day moving average of $21.38. Atlas Energy Solutions Inc. has a 12-month low of $16.98 and a 12-month high of $26.86.

Atlas Energy Solutions (NYSE:AESI) last announced its quarterly earnings data 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). The business had revenue of $271.34 million during the quarter, compared to the consensus estimate of $272.94 million. Atlas Energy Solutions had a net margin of 8.78% and a return on equity of 11.01%. As a group, sell-side analysts expect 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 disclosed 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 represents a $1.00 dividend on an annualized basis and a yield of 5.40%. The ex-dividend date was Friday, February 21st. This is an increase from Atlas Energy Solutions’s previous quarterly dividend of $0.24. Atlas Energy Solutions’s dividend payout ratio (DPR) is 178.57%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on AESI shares. Barclays dropped their price objective on shares of Atlas Energy Solutions from $23.00 to $19.00 and set an “equal weight” rating on the stock in a research note on Monday, March 3rd. Piper Sandler initiated coverage on shares of Atlas Energy Solutions in a research report on Wednesday, March 12th. They issued an “overweight” rating and a $22.00 price target on the stock. The Goldman Sachs Group began coverage on Atlas Energy Solutions in a report on Friday, December 13th. They set a “neutral” rating and a $23.00 price objective for the company. Bank of America restated a “neutral” rating and issued a $22.50 target price on shares of Atlas Energy Solutions in a report on Monday, January 13th. Finally, Raymond James downgraded Atlas Energy Solutions from a “strong-buy” rating to a “hold” rating in a report on Monday, January 6th. Six equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $23.83.

Insiders Place Their Bets

In other Atlas Energy Solutions news, major shareholder Brian Anthony Leveille sold 5,000 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $23.00, for a total value of $115,000.00. Following the completion of the sale, the insider now directly owns 404,510 shares of the company’s stock, valued at $9,303,730. This trade represents a 1.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Gregory M. Shepard bought 32,155 shares of the stock in a transaction on Thursday, February 27th. The stock was purchased at an average price of $19.04 per share, for a total transaction of $612,231.20. Following the completion of the purchase, the insider now owns 7,651,210 shares of the company’s stock, valued at approximately $145,679,038.40. This trade represents a 0.42 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 50,000 shares of company stock valued at $1,164,750. Company insiders own 24.34% of the company’s stock.

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.