Exchange Traded Concepts LLC Boosts Stake in Aris Water Solutions, Inc. (NYSE:ARIS)

Exchange Traded Concepts LLC grew its position in Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) by 988.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 137,951 shares of the company's stock after buying an additional 125,281 shares during the quarter. Exchange Traded Concepts LLC owned 0.24% of Aris Water Solutions worth $2,327,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Clearbridge Investments LLC increased its holdings in Aris Water Solutions by 7.2% during the 1st quarter. Clearbridge Investments LLC now owns 582,127 shares of the company's stock valued at $8,237,000 after acquiring an additional 39,145 shares in the last quarter. GSA Capital Partners LLP increased its stake in shares of Aris Water Solutions by 271.8% during the 1st quarter. GSA Capital Partners LLP now owns 87,979 shares of the company's stock worth $1,245,000 after purchasing an additional 64,318 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new position in shares of Aris Water Solutions during the 2nd quarter worth approximately $554,000. American Century Companies Inc. lifted its stake in Aris Water Solutions by 140.3% in the 2nd quarter. American Century Companies Inc. now owns 487,840 shares of the company's stock valued at $7,644,000 after buying an additional 284,788 shares in the last quarter. Finally, Squarepoint Ops LLC acquired a new stake in Aris Water Solutions during the 2nd quarter valued at $312,000. Institutional investors and hedge funds own 39.71% of the company's stock.

Aris Water Solutions Price Performance

Aris Water Solutions stock traded down $0.57 during mid-day trading on Tuesday, hitting $16.45. 344,018 shares of the company were exchanged, compared to its average volume of 337,721. Aris Water Solutions, Inc. has a 12-month low of $7.22 and a 12-month high of $18.99. The company has a market capitalization of $955.60 million, a P/E ratio of 22.85 and a beta of 1.62. The business's 50 day simple moving average is $16.45 and its two-hundred day simple moving average is $15.69. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.30 and a quick ratio of 1.30.

Aris Water Solutions (NYSE:ARIS - Get Free Report) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.18 EPS for the quarter, hitting analysts' consensus estimates of $0.18. Aris Water Solutions had a return on equity of 3.51% and a net margin of 5.97%. The firm had revenue of $101.12 million during the quarter, compared to analysts' expectations of $97.86 million. Analysts forecast 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 disclosed a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th were given a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date was Thursday, September 5th. Aris Water Solutions's dividend payout ratio is presently 58.33%.

Insider Activity at Aris Water Solutions

In other Aris Water Solutions 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 value of $219,824.92. Following the completion of the sale, the chief operating officer now directly owns 94,690 shares of the company's stock, valued at approximately $1,405,199.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 23.06% of the company's stock.

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.