Jump Financial LLC Makes New Investment in Aris Water Solutions, Inc. (NYSE:ARIS)

Jump Financial LLC purchased a new position in Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 13,500 shares of the company's stock, valued at approximately $323,000.

A number of other institutional investors and hedge funds have also bought and sold shares of ARIS. Larson Financial Group LLC purchased a new stake in Aris Water Solutions in the 4th quarter worth $28,000. SBI Securities Co. Ltd. purchased a new stake in shares of Aris Water Solutions in the fourth quarter worth about $33,000. Meeder Asset Management Inc. boosted 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 buying an additional 1,726 shares during the last quarter. Legal & General Group Plc boosted its stake in Aris Water Solutions by 38.1% during the fourth quarter. Legal & General Group Plc now owns 5,779 shares of the company's stock valued at $138,000 after buying an additional 1,594 shares during the last quarter. Finally, Intech Investment Management LLC purchased a new position in Aris Water Solutions during the 4th quarter valued at approximately $237,000. 39.71% of the stock is owned by institutional investors.

Aris Water Solutions Trading Down 3.2 %

NYSE ARIS traded down $0.82 during trading on Wednesday, hitting $25.01. The stock had a trading volume of 529,309 shares, compared to its average volume of 571,496. The stock has a market capitalization of $1.46 billion, a price-to-earnings ratio of 31.26 and a beta of 1.81. The stock has a 50 day simple moving average of $28.09 and a 200 day simple moving average of $25.66. Aris Water Solutions, Inc. has a one year low of $13.34 and a one year high of $33.95. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.72 and a current ratio of 1.72.

Aris Water Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 2.24%. The ex-dividend date of this dividend was Thursday, March 13th. This is an increase from Aris Water Solutions's previous quarterly dividend of $0.11. Aris Water Solutions's dividend payout ratio is 70.00%.

Wall Street Analyst Weigh In

ARIS has been the topic of several recent research reports. Wells Fargo & Company upped their price objective on Aris Water Solutions from $26.00 to $29.00 and gave the stock an "equal weight" rating in a report on Friday, February 28th. StockNews.com lowered shares of Aris Water Solutions from a "hold" rating to a "sell" rating in a research report on Tuesday. Citigroup reissued a "neutral" rating and issued a $26.00 price objective (up from $18.00) on shares of Aris Water Solutions in a research note on Wednesday, January 8th. Finally, Evercore ISI cut shares of Aris Water Solutions from an "outperform" rating to an "in-line" rating and upped their target price for the company from $25.00 to $27.00 in a research report on Wednesday, January 15th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $27.00.

Insider Transactions at Aris Water Solutions

In other Aris Water Solutions news, insider Nicholas A. Patterson sold 8,299 shares of the company's stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $30.60, for a total value of $253,949.40. Following the completion of the sale, the insider now directly owns 58,228 shares in the company, valued at approximately $1,781,776.80. This represents a 12.47 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Yorktown Energy Partners Xi, L sold 1,000,000 shares of the firm's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $27.70, for a total value of $27,700,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,070,604 shares of company stock worth $29,817,145. 23.06% of the stock is currently owned by insiders.

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.