Squarepoint Ops LLC Makes New Investment in Aris Water Solutions, Inc. (NYSE:ARIS)

Squarepoint Ops LLC bought a new position in Aris Water Solutions, Inc. (NYSE:ARIS) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 19,912 shares of the company’s stock, valued at approximately $312,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. 1620 Investment Advisors Inc. purchased a new stake in Aris Water Solutions in the 2nd quarter valued at about $46,000. Saxon Interests Inc. bought a new stake in Aris Water Solutions during the first quarter worth $142,000. Quadrature Capital Ltd purchased a new position in Aris Water Solutions in the first quarter worth $166,000. Inscription Capital LLC bought a new position in Aris Water Solutions in the 1st quarter valued at $212,000. Finally, Lazard Asset Management LLC purchased a new stake in shares of Aris Water Solutions during the 1st quarter valued at $222,000. Hedge funds and other institutional investors own 39.71% of the company’s stock.

Aris Water Solutions Trading Up 1.9 %

NYSE ARIS opened at $17.39 on Friday. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of 23.19 and a beta of 1.62. The business’s fifty day moving average is $16.36 and its 200-day moving average is $15.63. 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, Inc. has a one year low of $7.22 and a one year high of $18.99.

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

Aris Water Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th were given a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date of this dividend was Thursday, September 5th. Aris Water Solutions’s dividend payout ratio is currently 56.00%.

Insider Buying and Selling at Aris Water Solutions

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

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.