Tidal Investments LLC Invests $252,000 in Aris Water Solutions, Inc. (NYSE:ARIS)

Tidal Investments LLC purchased a new stake in shares of Aris Water Solutions, Inc. (NYSE:ARIS) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 14,928 shares of the company’s stock, valued at approximately $252,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of ARIS. Eagle Asset Management Inc. purchased a new position in shares of Aris Water Solutions during the third quarter valued at approximately $10,828,000. American Century Companies Inc. boosted its holdings in Aris Water Solutions by 140.3% in the second quarter. American Century Companies Inc. now owns 487,840 shares of the company’s stock valued at $7,644,000 after acquiring an additional 284,788 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Aris Water Solutions by 32.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 563,976 shares of the company’s stock valued at $8,836,000 after purchasing an additional 139,259 shares during the period. Exchange Traded Concepts LLC raised its holdings in Aris Water Solutions by 988.8% in the 3rd quarter. Exchange Traded Concepts LLC now owns 137,951 shares of the company’s stock worth $2,327,000 after purchasing an additional 125,281 shares in the last quarter. Finally, Nicholas Investment Partners LP purchased a new stake in shares of Aris Water Solutions in the 2nd quarter worth about $1,703,000. Institutional investors own 39.71% of the company’s stock.

Aris Water Solutions Stock Up 2.6 %

Shares of NYSE:ARIS opened at $25.24 on Thursday. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.62. The stock has a fifty day simple moving average of $22.84 and a two-hundred day simple moving average of $18.43. Aris Water Solutions, Inc. has a 12-month low of $7.74 and a 12-month high of $27.94. The stock has a market capitalization of $1.47 billion, a price-to-earnings ratio of 31.55 and a beta of 1.91.

Aris Water Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were given a $0.105 dividend. This represents a $0.42 annualized dividend and a dividend yield of 1.66%. The ex-dividend date of this dividend was Thursday, December 5th. Aris Water Solutions’s dividend payout ratio is presently 52.50%.

Wall Street Analyst Weigh In

ARIS has been the subject of a number of research reports. Stifel Nicolaus increased their price target on shares of Aris Water Solutions from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Wells Fargo & Company increased their target price on Aris Water Solutions from $21.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 18th. JPMorgan Chase & Co. lowered Aris Water Solutions from an “overweight” rating to a “neutral” rating and lifted their price target for the company from $19.00 to $22.00 in a research report on Wednesday, November 6th. The Goldman Sachs Group increased their price objective on Aris Water Solutions from $21.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Finally, Evercore ISI boosted their target price on shares of Aris Water Solutions from $20.00 to $25.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Aris Water Solutions currently has a consensus rating of “Moderate Buy” and an average price target of $24.83.

Insider Buying and Selling

In other news, major shareholder S Corp Gable sold 38,739 shares of the company’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $25.03, for a total transaction of $969,637.17. Following the transaction, the insider now directly owns 3,111,738 shares of the company’s stock, valued at $77,886,802.14. This represents a 1.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Debra Coy sold 1,500 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $25.39, for a total value of $38,085.00. Following the sale, the director now directly owns 42,082 shares in the company, valued at $1,068,461.98. This trade represents a 3.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 97,970 shares of company stock worth $2,482,749 in the last quarter. Corporate insiders own 23.06% of the company’s stock.

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.