Aris Water Solutions, Inc. (NYSE:ARIS) Shares Acquired by Deerfield Management Company L.P. Series C

Deerfield Management Company L.P. Series C boosted its position in Aris Water Solutions, Inc. (NYSE:ARIS) by 285.3% during the second quarter, Holdings Channel.com reports. The institutional investor owned 55,490 shares of the company’s stock after purchasing an additional 41,090 shares during the period. Deerfield Management Company L.P. Series C’s holdings in Aris Water Solutions were worth $870,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of ARIS. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Aris Water Solutions during the second quarter worth $27,000. 1620 Investment Advisors Inc. acquired a new position in Aris Water Solutions during the second quarter worth $46,000. Saxon Interests Inc. purchased a new position in Aris Water Solutions during the first quarter valued at $142,000. Quadrature Capital Ltd purchased a new position in Aris Water Solutions during the first quarter valued at $166,000. Finally, Aristides Capital LLC acquired a new stake in shares of Aris Water Solutions in the fourth quarter valued at about $177,000. Institutional investors and hedge funds own 39.71% of the company’s stock.

Insider Activity at Aris Water Solutions

In other news, COO Brunt David Dylan Van sold 14,813 shares of the firm’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $14.84, for a total transaction of $219,824.92. Following the sale, the chief operating officer now owns 94,690 shares of the company’s stock, valued at approximately $1,405,199.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 23.06% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

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

Aris Water Solutions Stock Down 8.6 %

ARIS stock opened at $16.21 on Friday. Aris Water Solutions, Inc. has a one year low of $7.22 and a one year high of $18.99. The firm has a market cap of $941.96 million, a PE ratio of 22.51 and a beta of 1.62. The firm’s 50 day moving average price is $16.24 and its 200-day moving average price is $15.35. 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 (NYSE:ARIS) last issued its earnings results on Tuesday, August 6th. The company reported $0.18 earnings per share for the quarter, meeting the consensus estimate 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. On average, equities research analysts anticipate 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. Investors of record on Thursday, September 5th were paid a dividend of $0.105 per share. The ex-dividend date was Thursday, September 5th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 2.59%. Aris Water Solutions’s payout ratio is currently 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.