Jump Financial LLC Takes $449,000 Position in Atlas Energy Solutions Inc. (NYSE:AESI)

Jump Financial LLC bought a new position in shares of Atlas Energy Solutions Inc. (NYSE:AESI) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 20,251 shares of the company’s stock, valued at approximately $449,000.

Other institutional investors also recently bought and sold shares of the company. Prudential Financial Inc. acquired a new stake in shares of Atlas Energy Solutions during the 4th quarter valued at about $1,366,000. Louisiana State Employees Retirement System acquired a new stake in Atlas Energy Solutions in the fourth quarter valued at approximately $650,000. Hodges Capital Management Inc. increased its position in shares of Atlas Energy Solutions by 44.7% in the fourth quarter. Hodges Capital Management Inc. now owns 194,000 shares of the company’s stock valued at $4,302,000 after buying an additional 59,940 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Atlas Energy Solutions by 12.6% during the 4th quarter. Vanguard Group Inc. now owns 6,915,325 shares of the company’s stock worth $153,382,000 after buying an additional 773,035 shares during the period. Finally, Sei Investments Co. lifted its position in shares of Atlas Energy Solutions by 15.5% during the 4th quarter. Sei Investments Co. now owns 213,857 shares of the company’s stock valued at $4,744,000 after buying an additional 28,639 shares in the last quarter. 34.59% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. The Goldman Sachs Group reduced their price objective on shares of Atlas Energy Solutions from $22.00 to $15.00 and set a “neutral” rating for the company in a research report on Thursday, April 10th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $25.00 price target on shares of Atlas Energy Solutions in a research note on Wednesday, April 2nd. Barclays cut their price objective on Atlas Energy Solutions from $23.00 to $19.00 and set an “equal weight” rating for the company in a research note on Monday, March 3rd. Stephens raised their target price on Atlas Energy Solutions from $28.00 to $29.00 and gave the company an “overweight” rating in a research report on Tuesday, January 28th. Finally, Piper Sandler assumed coverage on Atlas Energy Solutions in a research report on Wednesday, March 12th. They set an “overweight” rating and a $22.00 price target for the company. Six investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Atlas Energy Solutions currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.44.

Atlas Energy Solutions Stock Up 2.8 %

NYSE AESI opened at $14.15 on Friday. 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 business’s fifty day simple moving average is $16.94 and its 200-day simple moving average is $20.25. Atlas Energy Solutions Inc. has a 52 week low of $12.41 and a 52 week high of $26.86. The firm has a market cap of $1.72 billion, a PE ratio of 17.91 and a beta of 1.20.

Atlas Energy Solutions (NYSE:AESI) last issued its quarterly earnings data 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 return on equity of 11.01% and a net margin of 8.78%. The business had revenue of $271.34 million during the quarter, compared to analysts’ expectations of $272.94 million. As a group, equities analysts anticipate 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 announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.00 dividend on an annualized basis and a yield of 7.07%. This is a boost from Atlas Energy Solutions’s previous quarterly dividend of $0.24. Atlas Energy Solutions’s dividend payout ratio is presently 178.57%.

Insiders Place Their Bets

In other Atlas Energy Solutions news, major shareholder Stacy Hock sold 10,000 shares of the company’s stock in a transaction on 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 directly owns 897,604 shares in the company, valued at $20,196,090. This represents a 1.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Gregory M. Shepard acquired 32,155 shares of the company’s stock in a transaction dated Thursday, February 27th. The stock was purchased at an average cost of $19.04 per share, with a total value of $612,231.20. Following the completion of the purchase, the insider now directly owns 7,651,210 shares of the company’s stock, valued at approximately $145,679,038.40. This represents a 0.42 % increase in their position. The disclosure for this purchase can be found here. 15.98% of the stock is currently owned by insiders.

Atlas Energy Solutions Company 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.