108,696 Shares in Aris Water Solutions, Inc. (NYSE:ARIS) Purchased by Nicholas Investment Partners LP

Nicholas Investment Partners LP bought a new position in shares of Aris Water Solutions, Inc. (NYSE:ARIS) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 108,696 shares of the company’s stock, valued at approximately $1,703,000. Nicholas Investment Partners LP owned 0.19% of Aris Water Solutions as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Clearbridge Investments LLC boosted its holdings in Aris Water Solutions by 7.2% in the 1st quarter. Clearbridge Investments LLC now owns 582,127 shares of the company’s stock valued at $8,237,000 after purchasing an additional 39,145 shares during the period. Wasatch Advisors LP boosted its holdings in Aris Water Solutions by 14.4% in the 4th quarter. Wasatch Advisors LP now owns 686,694 shares of the company’s stock valued at $5,761,000 after purchasing an additional 86,207 shares during the period. GSA Capital Partners LLP boosted its holdings in Aris Water Solutions by 271.8% in the 1st quarter. GSA Capital Partners LLP now owns 87,979 shares of the company’s stock valued at $1,245,000 after purchasing an additional 64,318 shares during the period. Sequoia Financial Advisors LLC acquired a new position in shares of Aris Water Solutions in the 2nd quarter valued at approximately $554,000. Finally, Oxford Asset Management LLP acquired a new position in shares of Aris Water Solutions in the 4th quarter valued at approximately $86,000. Institutional investors own 39.71% of the company’s stock.

Insiders Place Their Bets

In other Aris Water Solutions news, COO Brunt David Dylan Van sold 14,813 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $14.84, for a total transaction of $219,824.92. Following the sale, the chief operating officer now directly owns 94,690 shares of the company’s stock, valued at approximately $1,405,199.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 23.06% of the company’s stock.

Aris Water Solutions Price Performance

ARIS stock opened at $15.83 on Friday. The company has a 50 day simple moving average of $16.03 and a 200 day simple moving average of $14.94. The stock has a market cap of $919.58 million, a price-to-earnings ratio of 21.99 and a beta of 1.63. Aris Water Solutions, Inc. has a 1 year low of $7.22 and a 1 year high of $17.91. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.30 and a quick ratio of 1.30.

Aris Water Solutions (NYSE:ARIS) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.18 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.18. The business had revenue of $101.12 million during the quarter, compared to analysts’ expectations of $97.86 million. Aris Water Solutions had a net margin of 5.97% and a return on equity of 3.51%. Research analysts anticipate that Aris Water Solutions, Inc. will post 0.88 EPS for the current fiscal year.

Aris Water Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 19th. Investors of record on Thursday, September 5th will be given a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date of this dividend is Thursday, September 5th. Aris Water Solutions’s dividend payout ratio is 58.33%.

Analyst Ratings Changes

Separately, Citigroup boosted their target price on shares of Aris Water Solutions from $14.00 to $18.00 and gave the company a “buy” rating in a research report on Tuesday, June 4th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $14.93.

Aris Water Solutions Company Profile

Aris Water Solutions, Inc, an environmental infrastructure and solutions company, provides water handling and recycling solutions. The company's produced water handling business gathers, transports, unless recycled, and handles produced water generated from oil and natural gas production. Its water solutions business develops and operates recycling facilities to treat, store, and recycle produced water.