Emerald Advisers LLC Cuts Stake in Aris Water Solutions, Inc. (NYSE:ARIS)

Emerald Advisers LLC lessened its holdings in Aris Water Solutions, Inc. (NYSE:ARIS) by 10.2% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 28,816 shares of the company’s stock after selling 3,283 shares during the period. Emerald Advisers LLC’s holdings in Aris Water Solutions were worth $486,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Aris Water Solutions in the second quarter valued at $27,000. New York State Teachers Retirement System boosted its stake in shares of Aris Water Solutions by 2,346.0% in the 3rd quarter. New York State Teachers Retirement System now owns 2,446 shares of the company’s stock valued at $41,000 after buying an additional 2,346 shares during the period. 1620 Investment Advisors Inc. purchased a new position in shares of Aris Water Solutions in the 2nd quarter valued at about $46,000. Point72 Asset Management L.P. acquired a new position in shares of Aris Water Solutions during the second quarter worth about $82,000. Finally, Quadrature Capital Ltd purchased a new stake in shares of Aris Water Solutions during the first quarter worth approximately $166,000. Institutional investors and hedge funds own 39.71% of the company’s stock.

Insider Activity

In related news, COO Brunt David Dylan Van sold 14,813 shares of the company’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $14.84, for a total value of $219,824.92. Following the completion of the sale, the chief operating officer now directly 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 23.06% of the company’s stock.

Wall Street Analyst Weigh In

Separately, US Capital Advisors upgraded shares of Aris Water Solutions from a “moderate buy” rating to a “strong-buy” rating in a research note on Monday, October 28th. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $15.25.

Aris Water Solutions Trading Down 1.3 %

ARIS opened at $16.29 on Monday. 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 one year low of $7.22 and a one year high of $18.99. The company has a market cap of $946.61 million, a P/E ratio of 21.72 and a beta of 1.62. The business’s 50-day simple moving average is $16.47 and its 200-day simple moving average is $15.80.

Aris Water Solutions (NYSE:ARIS) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.18 EPS 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 company had revenue of $101.12 million for the quarter, compared to analyst estimates of $97.86 million. As a group, equities research analysts expect that Aris Water Solutions, Inc. will post 0.88 EPS for the current fiscal year.

Aris Water Solutions Announces Dividend

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 dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date of this dividend was Thursday, September 5th. Aris Water Solutions’s dividend payout ratio (DPR) is currently 56.00%.

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.