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

Cubist Systematic Strategies LLC cut its stake in Aris Water Solutions, Inc. (NYSE:ARIS) by 35.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,655 shares of the company’s stock after selling 10,445 shares during the period. Cubist Systematic Strategies LLC’s holdings in Aris Water Solutions were worth $292,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Aris Water Solutions during the 2nd quarter valued at about $27,000. 1620 Investment Advisors Inc. acquired a new stake in shares of Aris Water Solutions during the second quarter worth approximately $46,000. Point72 Asset Management L.P. bought a new position in shares of Aris Water Solutions in the second quarter valued at approximately $82,000. Saxon Interests Inc. acquired a new position in shares of Aris Water Solutions in the 1st quarter worth approximately $142,000. Finally, Quadrature Capital Ltd bought a new stake in Aris Water Solutions during the 1st quarter worth approximately $166,000. 39.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Aris Water Solutions news, COO Brunt David Dylan Van sold 14,813 shares of the stock in a transaction on Monday, August 12th. The stock was sold at an average price of $14.84, for a total value of $219,824.92. Following the transaction, the chief operating officer now directly owns 94,690 shares in the company, valued at approximately $1,405,199.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 23.06% of the stock is currently owned by corporate insiders.

Aris Water Solutions Trading Down 2.2 %

Shares of ARIS opened at $17.01 on Tuesday. 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 company has a market cap of $988.13 million, a price-to-earnings ratio of 23.63 and a beta of 1.62. The stock has a fifty day moving average price of $16.42 and a two-hundred day moving average price of $15.67. Aris Water Solutions, Inc. has a 52-week low of $7.22 and a 52-week high of $18.99.

Aris Water Solutions (NYSE:ARIS) last issued its quarterly 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. The business had revenue of $101.12 million for the quarter, compared to the consensus estimate of $97.86 million. Aris Water Solutions had a net margin of 5.97% and a return on equity of 3.51%. Analysts predict that Aris Water Solutions, Inc. will post 0.88 EPS for the current fiscal year.

Aris Water Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Thursday, September 5th were issued a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date was Thursday, September 5th. Aris Water Solutions’s dividend payout ratio is currently 58.33%.

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.