GAMMA Investing LLC Has $921,000 Stake in Aris Water Solutions, Inc. (NYSE:ARIS)

GAMMA Investing LLC increased its position in shares of Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) by 4,584.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,509 shares of the company's stock after purchasing an additional 28,879 shares during the period. GAMMA Investing LLC owned approximately 0.05% of Aris Water Solutions worth $921,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Quarry LP acquired a new stake in shares of Aris Water Solutions in the 4th quarter valued at $27,000. Larson Financial Group LLC acquired a new position in shares of Aris Water Solutions in the 4th quarter valued at about $28,000. SBI Securities Co. Ltd. acquired a new position in shares of Aris Water Solutions in the 4th quarter valued at about $33,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Aris Water Solutions in the 4th quarter valued at about $52,000. Finally, Meeder Asset Management Inc. increased its position in Aris Water Solutions by 74.5% in the 4th quarter. Meeder Asset Management Inc. now owns 4,042 shares of the company's stock valued at $97,000 after buying an additional 1,726 shares in the last quarter. 39.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ARIS has been the subject of a number of recent research reports. Citigroup reissued a "neutral" rating on shares of Aris Water Solutions in a report on Monday, May 12th. Wells Fargo & Company dropped their target price on Aris Water Solutions from $29.00 to $23.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 8th. The Goldman Sachs Group dropped their target price on Aris Water Solutions from $34.00 to $30.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Finally, Wall Street Zen downgraded Aris Water Solutions from a "hold" rating to a "sell" rating in a research report on Tuesday, May 13th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Aris Water Solutions currently has a consensus rating of "Hold" and an average price target of $26.00.

Aris Water Solutions Stock Down 3.4%

ARIS opened at $25.22 on Tuesday. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.62. The company has a market cap of $1.49 billion, a P/E ratio of 31.52 and a beta of 1.70. Aris Water Solutions, Inc. has a 12 month low of $13.34 and a 12 month high of $33.95. The business's 50-day moving average price is $24.31 and its 200-day moving average price is $26.38.

Aris Water Solutions (NYSE:ARIS - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.02. The business had revenue of $120.49 million for the quarter, compared to analysts' expectations of $115.72 million. Aris Water Solutions had a return on equity of 3.74% and a net margin of 6.29%. On average, equities analysts expect that Aris Water Solutions, Inc. will post 0.91 EPS for the current year.

Aris Water Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Thursday, June 5th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $0.56 annualized dividend and a dividend yield of 2.22%. Aris Water Solutions's payout ratio is currently 68.29%.

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.

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