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

Dark Forest Capital Management LP acquired a new position in shares of Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. 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 bought and sold shares of the company. JPMorgan Chase & Co. raised its stake in shares of Aris Water Solutions by 116.3% during the third quarter. JPMorgan Chase & Co. now owns 402,093 shares of the company's stock valued at $6,783,000 after acquiring an additional 216,158 shares during the last quarter. Barclays PLC raised its position in Aris Water Solutions by 277.0% during the 3rd quarter. Barclays PLC now owns 35,102 shares of the company's stock worth $592,000 after purchasing an additional 25,790 shares during the last quarter. Franklin Resources Inc. acquired a new position in Aris Water Solutions during the 3rd quarter worth about $266,000. New York State Common Retirement Fund grew its position in shares of Aris Water Solutions by 6.1% in the 4th quarter. New York State Common Retirement Fund now owns 115,782 shares of the company's stock valued at $2,773,000 after buying an additional 6,700 shares during the last quarter. Finally, Principal Financial Group Inc. acquired a new stake in shares of Aris Water Solutions in the third quarter valued at about $514,000. Institutional investors own 39.71% of the company's stock.

Insiders Place Their Bets

In related news, COO Brunt David Dylan Van sold 32,305 shares of the firm's stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $30.15, for a total value of $973,995.75. Following the transaction, the chief operating officer now owns 85,656 shares of the company's stock, valued at approximately $2,582,528.40. This trade represents a 27.39 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Nicholas A. Patterson sold 8,299 shares of Aris Water Solutions stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $30.60, for a total value of $253,949.40. Following the transaction, the insider now owns 58,228 shares of the company's stock, valued at $1,781,776.80. This trade represents a 12.47 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,070,604 shares of company stock worth $29,817,145. Corporate insiders own 23.06% of the company's stock.

Aris Water Solutions Stock Up 4.3 %

Shares of NYSE ARIS traded up $1.10 during trading on Friday, hitting $26.47. 396,998 shares of the company traded hands, compared to its average volume of 573,683. The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of 33.09 and a beta of 1.81. The business's fifty day moving average is $28.05 and its 200 day moving average is $25.86. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.72 and a current ratio of 1.72. Aris Water Solutions, Inc. has a fifty-two week low of $13.34 and a fifty-two week high of $33.95.

Aris Water Solutions Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were paid a dividend of $0.14 per share. This is an increase from Aris Water Solutions's previous quarterly dividend of $0.11. This represents a $0.56 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date of this dividend was Thursday, March 13th. Aris Water Solutions's dividend payout ratio is 70.00%.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. StockNews.com lowered Aris Water Solutions from a "hold" rating to a "sell" rating in a research note on Tuesday. Citigroup reaffirmed a "neutral" rating and issued a $26.00 price objective (up from $18.00) on shares of Aris Water Solutions in a research note on Wednesday, January 8th. Evercore ISI downgraded shares of Aris Water Solutions from an "outperform" rating to an "in-line" rating and lifted their target price for the stock from $25.00 to $27.00 in a research note on Wednesday, January 15th. Finally, Wells Fargo & Company upped their price target on shares of Aris Water Solutions from $26.00 to $29.00 and gave the company an "equal weight" rating in a research report on Friday, February 28th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, Aris Water Solutions has a consensus rating of "Hold" and a consensus price target of $27.00.

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.