Kings Path Partners LLC Has $1.13 Million Position in Aris Water Solutions, Inc. (NYSE:ARIS)

Kings Path Partners LLC grew its position in shares of Aris Water Solutions, Inc. (NYSE:ARIS) by 2.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 67,234 shares of the company’s stock after purchasing an additional 1,735 shares during the quarter. Kings Path Partners LLC owned approximately 0.12% of Aris Water Solutions worth $1,134,000 as of its most recent SEC filing.

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

Insider Activity at Aris Water Solutions

In related news, COO Brunt David Dylan Van sold 14,813 shares of the company’s stock in a transaction dated 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 owns 94,690 shares in the company, valued at $1,405,199.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 23.06% of the stock is owned by corporate insiders.

Aris Water Solutions Stock Up 2.0 %

Aris Water Solutions stock opened at $17.40 on Friday. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of 23.20 and a beta of 1.62. Aris Water Solutions, Inc. has a 52-week low of $7.22 and a 52-week high of $18.99. 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 firm has a 50 day moving average price of $16.36 and a two-hundred day moving average price of $15.64.

Aris Water Solutions (NYSE:ARIS) last announced its earnings results on Tuesday, August 6th. The company reported $0.18 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.18. The business had revenue of $101.12 million during 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%. Equities analysts predict that Aris Water Solutions, Inc. will post 0.88 EPS for the current year.

Aris Water Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Investors 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 56.00%.

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.