Ellsworth Advisors LLC Invests $808,000 in Aris Water Solutions, Inc. $ARIS

Key Points

• Ellsworth Advisors LLC has invested approximately $808,000 in Aris Water Solutions, acquiring 25,213 shares of the company during the first quarter.
• Aris Water Solutions declared a $0.14 quarterly dividend to be paid on September 18th, resulting in an annualized dividend yield of 2.3%.
• The company's last quarterly earnings report showed a missed estimate with earnings per share at $0.19, compared to the expected $0.24.

Ellsworth Advisors LLC acquired a new position in shares of Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 25,213 shares of the company's stock, valued at approximately $808,000.

Several other hedge funds have also added to or reduced their stakes in ARIS. Comerica Bank lifted its holdings in Aris Water Solutions by 64.4% during the 1st quarter. Comerica Bank now owns 1,264 shares of the company's stock worth $41,000 after purchasing an additional 495 shares during the last quarter. Harbour Investments Inc. lifted its holdings in shares of Aris Water Solutions by 478.2% during the first quarter. Harbour Investments Inc. now owns 1,538 shares of the company's stock worth $49,000 after buying an additional 1,272 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Aris Water Solutions during the fourth quarter worth $52,000. CWM LLC lifted its holdings in shares of Aris Water Solutions by 303.4% during the first quarter. CWM LLC now owns 1,920 shares of the company's stock worth $62,000 after buying an additional 1,444 shares in the last quarter. Finally, Ancora Advisors LLC lifted its holdings in shares of Aris Water Solutions by 154.0% during the first quarter. Ancora Advisors LLC now owns 2,032 shares of the company's stock worth $65,000 after buying an additional 1,232 shares in the last quarter. 39.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Zacks Research upgraded shares of Aris Water Solutions from a "strong sell" rating to a "hold" rating in a research note on Monday, September 1st. US Capital Advisors downgraded shares of Aris Water Solutions from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 21st. Evercore ISI dropped their price objective on Aris Water Solutions from $26.00 to $25.00 and set an "in-line" rating for the company in a report on Monday, August 18th. Capital One Financial cut Aris Water Solutions from a "strong-buy" rating to a "hold" rating in a report on Monday, August 11th. Finally, JPMorgan Chase & Co. initiated coverage on Aris Water Solutions in a report on Tuesday, July 29th. They issued a "neutral" rating and a $25.00 price objective for the company. Two equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $26.50.

Aris Water Solutions Price Performance

Shares of Aris Water Solutions stock traded up $0.07 during trading on Tuesday, reaching $24.01. 661,927 shares of the company's stock were exchanged, compared to its average volume of 923,646. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.73 and a current ratio of 1.73. Aris Water Solutions, Inc. has a 1-year low of $14.46 and a 1-year high of $33.95. The company has a market cap of $1.42 billion, a P/E ratio of 28.90 and a beta of 1.68. The firm's 50-day moving average price is $22.89 and its 200 day moving average price is $24.88.

Aris Water Solutions (NYSE:ARIS - Get Free Report) last posted its quarterly earnings results on Monday, August 11th. The company reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $0.24 by ($0.05). The business had revenue of $124.09 million for the quarter, compared to analyst estimates of $120.68 million. Aris Water Solutions had a return on equity of 3.77% and a net margin of 6.00%. As a group, research analysts anticipate that Aris Water Solutions, Inc. will post 0.91 earnings per share for the current year.

Aris Water Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Thursday, September 4th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Thursday, September 4th. Aris Water Solutions's dividend payout ratio is currently 67.47%.

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.