Kennedy Capital Management LLC Acquires 84,557 Shares of Atlas Energy Solutions Inc. (NYSE:AESI)

Kennedy Capital Management LLC grew its holdings in Atlas Energy Solutions Inc. (NYSE:AESI) by 22.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 458,769 shares of the company’s stock after buying an additional 84,557 shares during the quarter. Kennedy Capital Management LLC owned 0.42% of Atlas Energy Solutions worth $10,175,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. FMR LLC lifted its stake in Atlas Energy Solutions by 101.0% during the third 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. BNP Paribas Financial Markets raised its holdings in shares of Atlas Energy Solutions by 69.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 34,438 shares of the company’s stock worth $751,000 after buying an additional 14,093 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Atlas Energy Solutions by 1.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 44,931 shares of the company’s stock worth $979,000 after buying an additional 711 shares during the period. Integrated Wealth Concepts LLC acquired a new stake in Atlas Energy Solutions in the 3rd quarter valued at $253,000. Finally, Stifel Financial Corp grew its position in Atlas Energy Solutions by 28.6% in the third quarter. Stifel Financial Corp now owns 126,667 shares of the company’s stock valued at $2,761,000 after acquiring an additional 28,158 shares during the period. 34.59% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Bank of America restated 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 lowered shares of Atlas Energy Solutions from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 6th. Stephens raised their price objective on shares of Atlas Energy Solutions from $28.00 to $29.00 and gave the stock an “overweight” rating in a report on Tuesday, January 28th. Benchmark reduced their target price on Atlas Energy Solutions from $28.00 to $25.00 and set a “buy” rating on the stock in a report on Wednesday, February 26th. Finally, Piper Sandler assumed coverage on Atlas Energy Solutions in a report on Wednesday, March 12th. They set an “overweight” rating and a $22.00 price target for the company. Six 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 company. According to MarketBeat.com, Atlas Energy Solutions has a consensus rating of “Moderate Buy” and an average target price of $22.94.

Atlas Energy Solutions Price Performance

Shares of AESI stock opened at $13.50 on Friday. The firm has a market cap of $1.64 billion, a price-to-earnings ratio of 17.08 and a beta of 1.20. The company has a quick ratio of 1.08, a current ratio of 1.23 and a debt-to-equity ratio of 0.42. Atlas Energy Solutions Inc. has a 12 month low of $12.41 and a 12 month high of $26.86. The stock has a 50-day moving average price of $18.51 and a 200 day moving average price of $20.82.

Atlas Energy Solutions (NYSE:AESI) last announced 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 net margin of 8.78% and a return on equity of 11.01%. The business had revenue of $271.34 million during the quarter, compared to analyst estimates of $272.94 million. Research analysts expect that Atlas Energy Solutions Inc. will post 0.83 EPS for the current year.

Atlas Energy Solutions Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were given a $0.25 dividend. This is a positive change from Atlas Energy Solutions’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a dividend yield of 7.41%. The ex-dividend date of this dividend was Friday, February 21st. Atlas Energy Solutions’s dividend payout ratio (DPR) is currently 178.57%.

Insider Buying and Selling

In other news, major shareholder Gregory M. Shepard purchased 32,155 shares of the firm’s stock in a transaction dated Thursday, February 27th. The stock was bought at an average price of $19.04 per share, with a total value of $612,231.20. Following the acquisition, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Brian Anthony Leveille sold 5,000 shares of the firm’s stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $23.88, for a total value of $119,400.00. Following the sale, the insider now directly owns 382,010 shares in the company, valued at $9,122,398.80. The trade was a 1.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 35,000 shares of company stock valued at $830,150 over the last three months. Company insiders own 24.34% of the company’s stock.

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.