Algert Global LLC Invests $199,000 in Aris Water Solutions, Inc. (NYSE:ARIS)

Algert Global LLC bought a new stake in shares of Aris Water Solutions, Inc. (NYSE:ARIS) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 12,671 shares of the company’s stock, valued at approximately $199,000.

Other large investors have also recently made changes to their positions in the company. Susquehanna Fundamental Investments LLC purchased a new position in Aris Water Solutions in the second quarter valued at $881,000. Deerfield Management Company L.P. Series C boosted its position in Aris Water Solutions by 285.3% during the second quarter. Deerfield Management Company L.P. Series C now owns 55,490 shares of the company’s stock worth $870,000 after purchasing an additional 41,090 shares in the last quarter. AQR Capital Management LLC acquired a new stake in Aris Water Solutions in the second quarter valued at approximately $765,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Aris Water Solutions in the second quarter valued at approximately $27,000. Finally, Squarepoint Ops LLC acquired a new position in shares of Aris Water Solutions during the 2nd quarter worth approximately $312,000. 39.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Aris Water Solutions

In other Aris Water Solutions news, COO Brunt David Dylan Van sold 14,813 shares of the firm’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $14.84, for a total value of $219,824.92. Following the transaction, the chief operating officer now owns 94,690 shares in the company, valued at approximately $1,405,199.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 23.06% of the company’s stock.

Aris Water Solutions Price Performance

Aris Water Solutions stock opened at $17.06 on Friday. The stock has a market capitalization of $991.03 million, a P/E ratio of 23.69 and a beta of 1.62. The company’s fifty day moving average price is $16.32 and its 200 day moving average price is $15.61. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.30 and a current ratio of 1.30. Aris Water Solutions, Inc. has a 1 year low of $7.22 and a 1 year high of $18.99.

Aris Water Solutions (NYSE:ARIS) last released its earnings results on Tuesday, August 6th. The company reported $0.18 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%. As a group, equities research analysts anticipate that Aris Water Solutions, Inc. will post 0.88 earnings per share for the current fiscal year.

Aris Water Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th were given a $0.105 dividend. The ex-dividend date was Thursday, September 5th. This represents a $0.42 annualized dividend and a dividend yield of 2.46%. Aris Water Solutions’s dividend payout ratio (DPR) is presently 58.33%.

About Aris Water Solutions

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.