Palogic Value Management L.P. Raises Stock Holdings in Atlas Energy Solutions Inc. $AESI

Palogic Value Management L.P. raised its stake in Atlas Energy Solutions Inc. (NYSE:AESI) by 46.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 95,000 shares of the company’s stock after acquiring an additional 30,000 shares during the period. Palogic Value Management L.P. owned approximately 0.08% of Atlas Energy Solutions worth $1,695,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of AESI. Nuveen LLC purchased a new stake in shares of Atlas Energy Solutions in the first quarter worth $26,956,000. Vanguard Group Inc. grew its stake in shares of Atlas Energy Solutions by 16.5% in the first quarter. Vanguard Group Inc. now owns 8,054,677 shares of the company’s stock worth $143,695,000 after acquiring an additional 1,139,352 shares during the last quarter. HITE Hedge Asset Management LLC purchased a new stake in shares of Atlas Energy Solutions in the first quarter worth $18,844,000. Copeland Capital Management LLC grew its stake in shares of Atlas Energy Solutions by 42.5% in the first quarter. Copeland Capital Management LLC now owns 3,203,592 shares of the company’s stock worth $57,152,000 after acquiring an additional 955,818 shares during the last quarter. Finally, Frontier Capital Management Co. LLC purchased a new stake in shares of Atlas Energy Solutions in the fourth quarter worth $17,770,000. 34.59% of the stock is owned by hedge funds and other institutional investors.

Atlas Energy Solutions Trading Up 0.4%

Shares of NYSE:AESI opened at $11.74 on Friday. The company has a market cap of $1.45 billion, a P/E ratio of 83.83 and a beta of 1.19. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.56 and a quick ratio of 1.30. Atlas Energy Solutions Inc. has a 1 year low of $10.92 and a 1 year high of $26.86. The stock’s fifty day moving average price is $12.91 and its 200-day moving average price is $14.67.

Atlas Energy Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Thursday, August 14th were issued a $0.25 dividend. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $1.00 dividend on an annualized basis and a yield of 8.5%. Atlas Energy Solutions’s dividend payout ratio is currently 714.29%.

Analyst Upgrades and Downgrades

AESI has been the topic of a number of recent research reports. Royal Bank Of Canada cut their target price on Atlas Energy Solutions from $21.00 to $17.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 7th. Citigroup cut their target price on Atlas Energy Solutions from $18.00 to $14.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 13th. Piper Sandler lowered their price target on Atlas Energy Solutions from $16.00 to $14.00 and set a “neutral” rating on the stock in a report on Thursday, August 14th. Finally, Stifel Nicolaus lowered their price target on Atlas Energy Solutions from $14.50 to $14.00 and set a “buy” rating on the stock in a report on Monday, August 11th. Four research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $18.83.

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.