Marshall Wace LLP Sells 123,852 Shares of Aris Water Solutions, Inc. (NYSE:ARIS)

Marshall Wace LLP lowered its position in shares of Aris Water Solutions, Inc. (NYSE:ARIS) by 55.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 98,311 shares of the company’s stock after selling 123,852 shares during the quarter. Marshall Wace LLP owned about 0.17% of Aris Water Solutions worth $1,541,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of ARIS. Ranger Investment Management L.P. boosted its stake in Aris Water Solutions by 1.5% during the fourth quarter. Ranger Investment Management L.P. now owns 2,040,756 shares of the company’s stock worth $17,122,000 after acquiring an additional 30,269 shares in the last quarter. Wellington Management Group LLP increased its position in Aris Water Solutions by 2.2% during the 4th quarter. Wellington Management Group LLP now owns 1,290,231 shares of the company’s stock valued at $10,825,000 after buying an additional 27,988 shares in the last quarter. Kayne Anderson Capital Advisors LP raised its stake in Aris Water Solutions by 93.2% during the first quarter. Kayne Anderson Capital Advisors LP now owns 1,193,336 shares of the company’s stock valued at $16,886,000 after buying an additional 575,536 shares during the last quarter. Wasatch Advisors LP boosted its holdings in Aris Water Solutions by 14.4% in the fourth quarter. Wasatch Advisors LP now owns 686,694 shares of the company’s stock worth $5,761,000 after acquiring an additional 86,207 shares in the last quarter. Finally, Kennedy Capital Management LLC grew its stake in shares of Aris Water Solutions by 3.8% in the first quarter. Kennedy Capital Management LLC now owns 594,686 shares of the company’s stock worth $8,415,000 after acquiring an additional 21,515 shares during the last quarter. Institutional investors own 39.71% of the company’s stock.

Aris Water Solutions Price Performance

Shares of NYSE:ARIS opened at $17.42 on Friday. The company has a market capitalization of $1.01 billion, a PE ratio of 24.19 and a beta of 1.62. The business has a fifty day moving average price of $16.32 and a 200-day moving average price of $15.51. Aris Water Solutions, Inc. has a 1-year low of $7.22 and a 1-year high of $18.99. 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) last issued 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 business had revenue of $101.12 million during the quarter, compared to analysts’ expectations of $97.86 million. As a group, equities analysts expect that Aris Water Solutions, Inc. will post 0.88 EPS for the current fiscal year.

Aris Water Solutions Announces Dividend

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

Insiders Place Their Bets

In other news, COO Brunt David Dylan Van sold 14,813 shares of the business’s 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 completion of the transaction, the chief operating officer now owns 94,690 shares in the company, valued at $1,405,199.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 23.06% of the company’s stock.

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.