Atlas Technical Consultants, Inc. (NASDAQ: ATCX) CAO Walter George Powell Acquires 6,000 Shares


Atlas Technical Consultants, Inc. (NASDAQ: ATCX – Get Rating) CAO Walter George Powell acquired 6,000 shares of the business’s stock in a transaction dated Tuesday, May 17th. The shares were bought at an average cost of $ 8.72 per share, for a total transaction of 52,320.00. Following the transaction, the chief accounting officer now directly owns 85,357 shares in the company, valued at $ 744,313.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

ATCX opened at $ 8.23 ​​on Thursday. Atlas Technical Consultants, Inc. has a fifty-two week low of 7.50 and a fifty-two week high of 15.40. The company’s 50-day moving average is $ 11.77 and its 200 day moving average is 10.37.

Atlas Technical Consultants (NASDAQ: ATCX – Get Rating) last posted its earnings results on Tuesday, March 15th. The company reported $ 0.06 earnings per share for the quarter, missing analysts’ consensus estimates of 0.14 by ($ 0.08). The business had revenue of 145.25 million during the quarter, compared to analyst estimates of $ 140.70 million. Atlas Technical Consultants had a negative return on equity of 7.70% and a negative net margin of 3.25%. During the same quarter in the prior year, the company earned ($ 0.43) EPS. Equities analysts forecast that Atlas Technical Consultants, Inc. will post 0.29 EPS for the current fiscal year.

A number of equities analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Atlas Technical Consultants from a “buy” rating to a “hold” rating in a research report on Tuesday. Stifel Nicolaus increased their price objective on shares of Atlas Technical Consultants from $ 13.00 to 16.00 and gave the stock a “buy” rating in a research report on Thursday, March 17th.

Institutional investors have recently bought and sold shares of the business. Royal Bank of Canada lifted its holdings in Atlas Technical Consultants by 167.2% during the third quarter. Royal Bank of Canada now owns 2,464 shares of the company’s stock worth $ 25,000 after acquiring an additional 1,542 shares during the period. Advisor Group Holdings Inc. bought a new stake in Atlas Technical Consultants during the third quarter worth $ 42,000. Penserra Capital Management LLC bought a new stake in Atlas Technical Consultants during the third quarter worth $ 45,000. Wells Fargo & Company MN lifted its holdings in Atlas Technical Consultants by 35.6% during the second quarter. Wells Fargo & Company MN now owns 5,774 shares of the company’s stock worth $ 56,000 after acquiring an additional 1,517 shares during the period. Finally, Allspring Global Investments Holdings LLC bought a new stake in Atlas Technical Consultants during the first quarter worth $ 67,000. 21.53% of the stock is currently owned by hedge funds and other institutional investors.

About Atlas Technical Consultants (Get Rating)

Atlas Technical Consultants, Inc. provides professional testing, inspection, engineering, environmental, and program management and consulting services in the United States. The company provides a range of technical services that helps its clients test, inspect, plan, design, certify, and manage various projects across various end markets.

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