Exchange Traded Concepts LLC Acquires 125,281 Shares of Aris Water Solutions, Inc. (NYSE:ARIS)

Exchange Traded Concepts LLC lifted its holdings in shares of Aris Water Solutions, Inc. (NYSE:ARIS) by 988.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 137,951 shares of the company’s stock after purchasing an additional 125,281 shares during the period. Exchange Traded Concepts LLC’s holdings in Aris Water Solutions were worth $2,327,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. bought a new stake in Aris Water Solutions in the second quarter worth about $27,000. 1620 Investment Advisors Inc. bought a new stake in shares of Aris Water Solutions in the 2nd quarter worth approximately $46,000. Point72 Asset Management L.P. purchased a new position in Aris Water Solutions in the second quarter valued at approximately $82,000. Saxon Interests Inc. bought a new position in Aris Water Solutions during the first quarter valued at $142,000. Finally, Quadrature Capital Ltd purchased a new stake in Aris Water Solutions in the first quarter worth $166,000. 39.71% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, COO Brunt David Dylan Van sold 14,813 shares of the 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. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 23.06% of the company’s stock.

Aris Water Solutions Stock Down 2.2 %

Shares of NYSE ARIS opened at $17.01 on Tuesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.30 and a quick ratio of 1.30. The stock has a market capitalization of $988.13 million, a PE ratio of 23.63 and a beta of 1.62. Aris Water Solutions, Inc. has a one year low of $7.22 and a one year high of $18.99. The business’s fifty day moving average price is $16.42 and its 200-day moving average price is $15.67.

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, hitting 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 during the quarter, compared to analyst estimates 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 firm also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th were issued 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 yield of 2.47%. Aris Water Solutions’s payout ratio is 58.33%.

Aris Water Solutions 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.