Aris Water Solutions (NYSE:ARIS) Stock Price Down 2.6% - Here's Why

Aris Water Solutions, Inc. (NYSE:ARIS - Get Free Report)'s share price was down 2.6% during trading on Wednesday . The stock traded as low as $15.88 and last traded at $16.02. Approximately 80,428 shares traded hands during mid-day trading, a decline of 76% from the average daily volume of 336,214 shares. The stock had previously closed at $16.45.

Aris Water Solutions Price Performance

The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.30 and a current ratio of 1.30. The firm has a market capitalization of $903.32 million, a P/E ratio of 21.60 and a beta of 1.62. The stock's 50 day simple moving average is $16.47 and its 200 day simple moving average is $15.69.

Aris Water Solutions (NYSE:ARIS - Get Free Report) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.18 EPS for the quarter, meeting the consensus estimate of $0.18. The business had revenue of $101.12 million during the quarter, compared to analyst estimates of $97.86 million. Aris Water Solutions had a net margin of 5.97% and a return on equity of 3.51%. As a group, analysts expect that Aris Water Solutions, Inc. will post 0.88 earnings per share for the current fiscal year.

Aris Water Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Thursday, September 5th were given a $0.105 dividend. This represents a $0.42 annualized dividend and a dividend yield of 2.70%. The ex-dividend date of this dividend was Thursday, September 5th. Aris Water Solutions's payout ratio is 58.33%.

Insider Buying and Selling

In other news, COO Brunt David Dylan Van sold 14,813 shares of Aris Water Solutions stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $14.84, for a total transaction of $219,824.92. Following the completion of the transaction, the chief operating officer now directly owns 94,690 shares of the company's stock, valued at $1,405,199.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 23.06% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Aris Water Solutions

Several hedge funds and other institutional investors have recently made changes to their positions in ARIS. Point72 Asia Singapore Pte. Ltd. purchased a new position in Aris Water Solutions in the 2nd quarter worth approximately $27,000. 1620 Investment Advisors Inc. acquired a new stake in shares of Aris Water Solutions in the second quarter valued at approximately $46,000. Point72 Asset Management L.P. acquired a new position in Aris Water Solutions during the second quarter worth $82,000. Saxon Interests Inc. purchased a new stake in Aris Water Solutions in the 1st quarter valued at $142,000. Finally, Quadrature Capital Ltd purchased a new stake in Aris Water Solutions in the 1st quarter valued at $166,000. Hedge funds and other institutional investors own 39.71% of the company's stock.

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.