EAM Investors LLC Invests $3.38 Million in Aris Water Solutions, Inc. (NYSE:ARIS)

EAM Investors LLC purchased a new position in shares of Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 141,132 shares of the company's stock, valued at approximately $3,380,000. EAM Investors LLC owned 0.24% of Aris Water Solutions at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Larson Financial Group LLC purchased a new stake in Aris Water Solutions during the 4th quarter worth $28,000. SBI Securities Co. Ltd. acquired a new position in shares of Aris Water Solutions in the fourth quarter worth about $33,000. Meeder Asset Management Inc. boosted its holdings in Aris Water Solutions by 74.5% in the fourth quarter. Meeder Asset Management Inc. now owns 4,042 shares of the company's stock valued at $97,000 after purchasing an additional 1,726 shares during the last quarter. Legal & General Group Plc grew its stake in Aris Water Solutions by 38.1% during the 4th quarter. Legal & General Group Plc now owns 5,779 shares of the company's stock valued at $138,000 after purchasing an additional 1,594 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new position in shares of Aris Water Solutions in the 4th quarter valued at approximately $237,000. 39.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ARIS has been the subject of a number of research analyst reports. Evercore ISI lowered shares of Aris Water Solutions from an "outperform" rating to an "in-line" rating and lifted their price target for the stock from $25.00 to $27.00 in a research note on Wednesday, January 15th. Citigroup restated a "neutral" rating and issued a $26.00 target price (up previously from $18.00) on shares of Aris Water Solutions in a research note on Wednesday, January 8th. Wells Fargo & Company lifted their price target on Aris Water Solutions from $26.00 to $29.00 and gave the stock an "equal weight" rating in a research note on Friday, February 28th. Finally, StockNews.com raised Aris Water Solutions from a "sell" rating to a "hold" rating in a report on Saturday. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $27.00.

Insider Buying and Selling at Aris Water Solutions

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

Aris Water Solutions Stock Performance

ARIS stock traded up $0.62 during midday trading on Tuesday, reaching $24.48. The company had a trading volume of 67,028 shares, compared to its average volume of 931,279. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.62. The stock has a 50 day moving average price of $28.42 and a 200 day moving average price of $25.38. The firm has a market capitalization of $1.43 billion, a PE ratio of 30.60 and a beta of 1.81. 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 business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were given a $0.14 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This is a positive change from Aris Water Solutions's previous quarterly dividend of $0.11. This represents a $0.56 annualized dividend and a yield of 2.29%. Aris Water Solutions's dividend payout ratio (DPR) is currently 70.00%.

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.