GAMMA Investing LLC Increases Holdings in Aris Water Solutions, Inc. (NYSE:ARIS)

GAMMA Investing LLC boosted its holdings in Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) by 4,584.0% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 29,509 shares of the company's stock after buying an additional 28,879 shares during the period. GAMMA Investing LLC owned 0.05% of Aris Water Solutions worth $921,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Quarry LP purchased a new position in Aris Water Solutions during the 4th quarter valued at approximately $27,000. Larson Financial Group LLC purchased a new position in shares of Aris Water Solutions in the fourth quarter valued at $28,000. SBI Securities Co. Ltd. purchased a new position in shares of Aris Water Solutions in the fourth quarter valued at $33,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Aris Water Solutions in the fourth quarter worth $52,000. Finally, Meeder Asset Management Inc. raised its stake in Aris Water Solutions by 74.5% during 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 in the last quarter. 39.71% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

ARIS has been the topic of several recent research reports. Wells Fargo & Company decreased their target price on shares of 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 reduced their price objective on Aris Water Solutions from $34.00 to $30.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Citigroup restated a "neutral" rating on shares of Aris Water Solutions in a research report on Monday, May 12th. Finally, Wall Street Zen cut Aris Water Solutions from a "hold" rating to a "sell" rating in a report on Tuesday, May 13th. One research 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. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $26.00.

Aris Water Solutions Trading Down 0.5%

Shares of ARIS traded down $0.13 during mid-day trading on Friday, reaching $25.40. 200,274 shares of the company's stock traded hands, compared to its average volume of 617,103. Aris Water Solutions, Inc. has a 12 month low of $13.34 and a 12 month high of $33.95. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.87 and a quick ratio of 1.87. The stock has a market cap of $1.50 billion, a P/E ratio of 30.93 and a beta of 1.70. The stock's 50-day moving average is $24.28 and its two-hundred day moving average is $26.36.

Aris Water Solutions (NYSE:ARIS - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.23 by $0.02. Aris Water Solutions had a return on equity of 3.77% and a net margin of 6.15%. The company had revenue of $120.49 million for the quarter, compared to the consensus estimate of $115.72 million. Research analysts forecast that Aris Water Solutions, Inc. will post 0.91 earnings per share for the current fiscal year.

Aris Water Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, June 5th were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 2.21%. The ex-dividend date was Thursday, June 5th. Aris Water Solutions's dividend payout ratio is presently 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.