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

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Comerica Bank boosted its position in Aris Water Solutions by 64.4% during the first quarter. Comerica Bank now owns 1,264 shares of the company's stock worth $41,000 after purchasing an additional 495 shares during the period. Harbour Investments Inc. boosted its position in 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 purchasing an additional 1,272 shares during the period. CWM LLC boosted its position in 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 purchasing an additional 1,444 shares during the period. Ancora Advisors LLC boosted its position in 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 purchasing an additional 1,232 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in Aris Water Solutions during the fourth quarter worth about $52,000. Institutional investors own 39.71% of the company's stock.

Analyst Ratings Changes

ARIS has been the subject of a number of research reports. Zacks Research upgraded shares of Aris Water Solutions from a "strong sell" rating to a "hold" rating in a research report on Monday, September 1st. Capital One Financial downgraded shares of Aris Water Solutions from a "strong-buy" rating to a "hold" rating in a report on Monday, August 11th. JPMorgan Chase & Co. began coverage on shares of Aris Water Solutions in a report on Tuesday, July 29th. They issued a "neutral" rating and a $25.00 price target on the stock. Evercore ISI lowered their price target on shares of Aris Water Solutions from $26.00 to $25.00 and set an "in-line" rating on the stock in a report on Monday, August 18th. Finally, Wells Fargo & Company set a $27.00 price target on shares of Aris Water Solutions in a report on Tuesday, August 19th. Two research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $26.50.

Aris Water Solutions Price Performance

ARIS traded up $0.02 on Friday, reaching $24.10. The company had a trading volume of 957,236 shares, compared to its average volume of 989,841. The business has a 50 day simple moving average of $22.88 and a 200 day simple moving average of $24.97. The company has a market cap of $1.43 billion, a price-to-earnings ratio of 29.03 and a beta of 1.68. 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 52-week low of $14.46 and a 52-week high of $33.95.

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

Aris Water Solutions Announces Dividend

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

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.