Dark Forest Capital Management LP Makes New $338,000 Investment in Aris Water Solutions, Inc. (NYSE:ARIS)

Dark Forest Capital Management LP acquired a new stake in Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 14,098 shares of the company's stock, valued at approximately $338,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in ARIS. Harvest Investment Services LLC acquired a new stake in Aris Water Solutions in the 4th quarter worth about $231,000. Dimensional Fund Advisors LP boosted its position in shares of Aris Water Solutions by 1.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 641,170 shares of the company's stock worth $15,357,000 after acquiring an additional 8,844 shares during the last quarter. EAM Investors LLC purchased a new stake in Aris Water Solutions in the fourth quarter valued at approximately $3,380,000. Jump Financial LLC acquired a new position in Aris Water Solutions during the fourth quarter worth approximately $323,000. Finally, Barclays PLC increased its position in Aris Water Solutions by 16.1% during the fourth quarter. Barclays PLC now owns 40,742 shares of the company's stock worth $975,000 after purchasing an additional 5,640 shares during the last quarter. Hedge funds and other institutional investors own 39.71% of the company's stock.

Aris Water Solutions Stock Up 1.5 %

Shares of NYSE ARIS traded up $0.39 during trading on Thursday, reaching $25.35. 389,393 shares of the stock were exchanged, compared to its average volume of 571,666. The business's 50-day moving average price is $28.06 and its 200 day moving average price is $25.66. The company has a market capitalization of $1.48 billion, a price-to-earnings ratio of 31.68 and a beta of 1.81. Aris Water Solutions, Inc. has a twelve month low of $13.34 and a twelve month high of $33.95. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.62.

Aris Water Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, March 13th. This is an increase from Aris Water Solutions's previous quarterly dividend of $0.11. This represents a $0.56 annualized dividend and a dividend yield of 2.21%. Aris Water Solutions's dividend payout ratio (DPR) is currently 70.00%.

Insider Transactions at Aris Water Solutions

In other news, CAO Jeffrey K. Hunt sold 10,000 shares of the stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $28.92, for a total transaction of $289,200.00. Following the transaction, the chief accounting officer now owns 44,827 shares of the company's stock, valued at approximately $1,296,396.84. This trade represents a 18.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Yorktown Energy Partners Xi, L sold 1,000,000 shares of the business's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $27.70, for a total value of $27,700,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,070,604 shares of company stock valued at $29,817,145. 23.06% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ARIS. Evercore ISI cut shares of Aris Water Solutions from an "outperform" rating to an "in-line" rating and boosted their price objective for the company from $25.00 to $27.00 in a research note on Wednesday, January 15th. Wells Fargo & Company raised their price objective on Aris Water Solutions from $26.00 to $29.00 and gave the stock an "equal weight" rating in a report on Friday, February 28th. StockNews.com cut Aris Water Solutions from a "hold" rating to a "sell" rating in a report on Tuesday. Finally, Citigroup restated a "neutral" rating and issued a $26.00 price target (up previously from $18.00) on shares of Aris Water Solutions in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $27.00.

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.