Atlas Energy Solutions Inc. (NYSE:AESI) Shares Sold by Indie Asset Partners LLC

Indie Asset Partners LLC lessened its stake in shares of Atlas Energy Solutions Inc. (NYSE:AESI) by 4.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 82,786 shares of the company’s stock after selling 4,154 shares during the period. Atlas Energy Solutions accounts for approximately 1.4% of Indie Asset Partners LLC’s investment portfolio, making the stock its 12th biggest position. Indie Asset Partners LLC owned approximately 0.08% of Atlas Energy Solutions worth $1,836,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CWM LLC raised its position in shares of Atlas Energy Solutions by 47.1% in the third quarter. CWM LLC now owns 2,766 shares of the company’s stock valued at $60,000 after buying an additional 886 shares during the last quarter. Tectonic Advisors LLC raised its holdings in Atlas Energy Solutions by 7.5% in the 3rd quarter. Tectonic Advisors LLC now owns 59,725 shares of the company’s stock valued at $1,302,000 after acquiring an additional 4,187 shares during the last quarter. Modera Wealth Management LLC acquired a new stake in Atlas Energy Solutions in the 3rd quarter valued at about $322,000. Emerald Advisers LLC lifted its stake in Atlas Energy Solutions by 28.4% in the 3rd quarter. Emerald Advisers LLC now owns 10,850 shares of the company’s stock worth $237,000 after purchasing an additional 2,400 shares in the last quarter. Finally, Principal Financial Group Inc. acquired a new position in shares of Atlas Energy Solutions during the 3rd quarter worth approximately $844,000. 34.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AESI has been the subject of several recent research reports. Citigroup cut Atlas Energy Solutions from a “buy” rating to a “neutral” rating and cut their price target for the company from $23.00 to $22.00 in a report on Thursday, November 14th. Bank of America reaffirmed a “neutral” rating and issued a $22.50 target price on shares of Atlas Energy Solutions in a research note on Monday, January 13th. 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. The Goldman Sachs Group initiated coverage on shares of Atlas Energy Solutions in a research report on Friday, December 13th. They set a “neutral” rating and a $23.00 price objective for the company. Finally, Stephens boosted their target price on shares of Atlas Energy Solutions from $28.00 to $29.00 and gave the company an “overweight” rating in a report on Tuesday, January 28th. Six 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 stock. According to MarketBeat, Atlas Energy Solutions presently has an average rating of “Moderate Buy” and a consensus target price of $25.50.

Atlas Energy Solutions Price Performance

Shares of AESI opened at $20.61 on Friday. The firm has a 50-day simple moving average of $22.56 and a two-hundred day simple moving average of $21.65. The stock has a market cap of $2.27 billion, a PE ratio of 26.08 and a beta of 1.03. Atlas Energy Solutions Inc. has a 1-year low of $17.49 and a 1-year high of $26.86. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.23 and a quick ratio of 1.08.

Atlas Energy Solutions Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 21st will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.85%. The ex-dividend date of this dividend is 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 126.58%.

Insider Buying and Selling at Atlas Energy Solutions

In related news, major shareholder Stacy Hock sold 10,000 shares of Atlas Energy Solutions stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $22.50, for a total value of $225,000.00. Following the completion of the transaction, the insider now owns 897,604 shares in the company, valued at approximately $20,196,090. The trade was a 1.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Brian Anthony Leveille sold 30,000 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $24.02, for a total transaction of $720,600.00. Following the sale, the insider now owns 432,010 shares in the company, valued at approximately $10,376,880.20. This trade represents a 6.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 106,071 shares of company stock valued at $2,493,851 over the last quarter. 24.34% of the stock is owned by company insiders.

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.