Cubist Systematic Strategies LLC Sells 10,445 Shares of Aris Water Solutions, Inc. (NYSE:ARIS)

Cubist Systematic Strategies LLC trimmed its holdings in Aris Water Solutions, Inc. (NYSE:ARIS) by 35.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,655 shares of the company’s stock after selling 10,445 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Aris Water Solutions were worth $292,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. 1620 Investment Advisors Inc. bought a new position in Aris Water Solutions in the 2nd quarter valued at $46,000. Saxon Interests Inc. acquired a new stake in Aris Water Solutions in the first quarter worth about $142,000. Quadrature Capital Ltd bought a new stake in Aris Water Solutions during the 1st quarter worth about $166,000. Inscription Capital LLC acquired a new position in Aris Water Solutions during the 1st quarter valued at about $212,000. Finally, Lazard Asset Management LLC bought a new position in shares of Aris Water Solutions in the 1st quarter valued at about $222,000. Institutional investors and hedge funds own 39.71% of the company’s stock.

Insider Activity

In related news, COO Brunt David Dylan Van sold 14,813 shares of the business’s 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 owns 94,690 shares in the company, valued at approximately $1,405,199.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 23.06% of the stock is currently owned by company insiders.

Aris Water Solutions Trading Up 1.2 %

Shares of NYSE ARIS opened at $17.42 on Friday. The company’s 50 day simple moving average is $16.32 and its 200 day simple moving average is $15.51. 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, Inc. has a fifty-two week low of $7.22 and a fifty-two week high of $18.99. The firm has a market capitalization of $1.01 billion, a P/E ratio of 24.19 and a beta of 1.62.

Aris Water Solutions (NYSE:ARIS) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.18 earnings per share for the quarter, meeting 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 company had revenue of $101.12 million for the quarter, compared to the consensus estimate of $97.86 million. On average, analysts predict that Aris Water Solutions, Inc. will post 0.88 EPS for the current year.

Aris Water Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th were given a dividend of $0.105 per share. The ex-dividend date was Thursday, September 5th. This represents a $0.42 annualized dividend and a dividend yield of 2.41%. Aris Water Solutions’s payout ratio is currently 58.33%.

About Aris Water Solutions

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.