Denali Advisors LLC Purchases New Holdings in Aris Water Solutions, Inc. (NYSE:ARIS)

Denali Advisors LLC purchased a new position in Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 21,151 shares of the company's stock, valued at approximately $507,000.

Several other hedge funds have also bought and sold shares of ARIS. Meeder Asset Management Inc. purchased a new position in shares of Aris Water Solutions in the third quarter worth about $39,000. New York State Teachers Retirement System lifted its holdings in Aris Water Solutions by 2,346.0% in the third quarter. New York State Teachers Retirement System now owns 2,446 shares of the company's stock worth $41,000 after buying an additional 2,346 shares during the period. SG Americas Securities LLC boosted its position in shares of Aris Water Solutions by 48.1% during the fourth quarter. SG Americas Securities LLC now owns 10,941 shares of the company's stock valued at $262,000 after purchasing an additional 3,554 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in shares of Aris Water Solutions during the 4th quarter valued at $279,000. Finally, International Assets Investment Management LLC purchased a new stake in Aris Water Solutions in the third quarter worth about $2,080,000. 39.71% of the stock is currently owned by institutional investors.

Insider Activity at Aris Water Solutions

In other Aris Water Solutions news, major shareholder Delaware Energy Llc sold 3,223,670 shares of the firm's stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $25.81, for a total value of $83,202,922.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder S Corp Gable sold 38,739 shares of the business's stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $25.03, for a total value of $969,637.17. Following the sale, the insider now owns 3,111,738 shares in the company, valued at $77,886,802.14. The trade was a 1.23 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,159,678 shares of company stock worth $106,807,774. Company insiders own 23.06% of the company's stock.

Aris Water Solutions Trading Up 1.9 %

NYSE ARIS traded up $0.58 on Friday, hitting $31.56. 1,199,967 shares of the stock were exchanged, compared to its average volume of 933,153. The firm has a market capitalization of $1.84 billion, a P/E ratio of 39.46 and a beta of 1.94. Aris Water Solutions, Inc. has a 52-week low of $10.56 and a 52-week high of $32.00. The stock has a fifty day moving average price of $26.84 and a two-hundred day moving average price of $22.19. 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 announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be paid a dividend of $0.14 per share. This is a boost from Aris Water Solutions's previous quarterly dividend of $0.11. The ex-dividend date is Thursday, March 13th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.77%. Aris Water Solutions's dividend payout ratio is currently 70.00%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Wells Fargo & Company lifted their price target on Aris Water Solutions from $26.00 to $29.00 and gave the stock an "equal weight" rating in a research report on Friday. Evercore ISI lowered Aris Water Solutions from an "outperform" rating to an "in-line" rating and lifted their price objective for the stock from $25.00 to $27.00 in a report on Wednesday, January 15th. Citigroup reiterated a "neutral" rating and issued a $26.00 price target (up from $18.00) on shares of Aris Water Solutions in a research report on Wednesday, January 8th. Stifel Nicolaus lifted their price objective on Aris Water Solutions from $26.00 to $28.00 and gave the company a "buy" rating in a research report on Tuesday, December 17th. Finally, JPMorgan Chase & Co. cut Aris Water Solutions from an "overweight" rating to a "neutral" rating and raised their price target for the company from $19.00 to $22.00 in a report on Wednesday, November 6th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Aris Water Solutions currently has a consensus rating of "Hold" and an average target price of $27.00.

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.