Deerfield Management Company L.P. Series C Purchases 41,090 Shares of Aris Water Solutions, Inc. (NYSE:ARIS)

Deerfield Management Company L.P. Series C increased its holdings in shares of Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) by 285.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 55,490 shares of the company's stock after buying an additional 41,090 shares during the period. Deerfield Management Company L.P. Series C owned about 0.10% of Aris Water Solutions worth $870,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in ARIS. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Aris Water Solutions in the second quarter worth approximately $27,000. 1620 Investment Advisors Inc. acquired a new position in shares of Aris Water Solutions in the 2nd quarter worth approximately $46,000. Saxon Interests Inc. bought a new stake in shares of Aris Water Solutions in the 1st quarter valued at $142,000. Quadrature Capital Ltd acquired a new stake in shares of Aris Water Solutions during the first quarter worth $166,000. Finally, Aristides Capital LLC bought a new position in Aris Water Solutions during the fourth quarter worth $177,000. 39.71% of the stock is owned by institutional investors.

Aris Water Solutions Stock Up 1.6 %

Aris Water Solutions stock traded up $0.26 during trading on Friday, hitting $16.47. 387,138 shares of the company were exchanged, compared to its average volume of 346,901. The company has a market capitalization of $957.07 million, a P/E ratio of 22.51 and a beta of 1.62. The business's 50 day moving average is $16.24 and its 200 day moving average is $15.35. Aris Water Solutions, Inc. has a 52 week low of $7.22 and a 52 week high of $18.99. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.62.

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

Aris Water Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th were paid a $0.105 dividend. The ex-dividend date was Thursday, September 5th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 2.55%. Aris Water Solutions's payout ratio is presently 58.33%.

Analyst Ratings Changes

Separately, Citigroup increased their price target on Aris Water Solutions from $14.00 to $18.00 and gave the stock a "buy" rating in a report on Tuesday, June 4th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Aris Water Solutions has a consensus rating of "Moderate Buy" and a consensus target price of $14.93.

Insider Activity

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

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.