229,308 Shares in Aris Water Solutions, Inc. (NYSE:ARIS) Bought by Horizon Kinetics Asset Management LLC

Horizon Kinetics Asset Management LLC bought a new position in shares of Aris Water Solutions, Inc. (NYSE:ARIS) during the fourth quarter, Holdings Channel.com reports. The fund bought 229,308 shares of the company’s stock, valued at approximately $5,492,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Counterpoint Mutual Funds LLC increased its position in Aris Water Solutions by 602.9% during the fourth quarter. Counterpoint Mutual Funds LLC now owns 74,342 shares of the company’s stock worth $1,780,000 after acquiring an additional 63,766 shares during the period. Sequoia Financial Advisors LLC bought a new stake in Aris Water Solutions in the 4th quarter valued at $266,000. Moors & Cabot Inc. bought a new stake in Aris Water Solutions in the 4th quarter valued at $352,000. Larson Financial Group LLC bought a new stake in Aris Water Solutions in the 4th quarter valued at $28,000. Finally, Jackson Creek Investment Advisors LLC bought a new stake in Aris Water Solutions in the 4th quarter valued at $1,523,000. Institutional investors own 39.71% of the company’s stock.

Aris Water Solutions Stock Down 0.2 %

Shares of NYSE:ARIS opened at $28.99 on Monday. The company’s fifty day moving average is $27.67 and its 200-day moving average is $23.09. The company has a market capitalization of $1.69 billion, a PE ratio of 36.24 and a beta of 1.88. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.72 and a current ratio of 1.72. Aris Water Solutions, Inc. has a 52 week low of $12.44 and a 52 week high of $32.56.

Aris Water Solutions Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be given a dividend of $0.14 per share. This is an increase from Aris Water Solutions’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.56 annualized dividend and a yield of 1.93%. Aris Water Solutions’s dividend payout ratio is 70.00%.

Insider Buying and Selling

In other Aris Water Solutions news, insider Nicholas A. Patterson sold 8,299 shares of the company’s stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $30.60, for a total transaction of $253,949.40. Following the transaction, the insider now directly owns 58,228 shares in the company, valued at approximately $1,781,776.80. This represents a 12.47 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder S Corp Gable sold 38,739 shares of the company’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $25.03, for a total transaction of $969,637.17. Following the transaction, the insider now owns 3,111,738 shares in the company, valued at approximately $77,886,802.14. The trade was a 1.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 948,881 shares of company stock worth $24,246,969 in the last 90 days. Corporate insiders own 23.06% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on ARIS shares. Stifel Nicolaus boosted their price target on shares of Aris Water Solutions from $26.00 to $28.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. US Capital Advisors lowered shares of Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a report on Tuesday, November 26th. Citigroup reissued a “neutral” rating and issued a $26.00 price target (up previously from $18.00) on shares of Aris Water Solutions in a report on Wednesday, January 8th. Wells Fargo & Company boosted their price target on shares of Aris Water Solutions from $26.00 to $29.00 and gave the company an “equal weight” rating in a report on Friday, February 28th. Finally, The Goldman Sachs Group boosted their target price on shares of Aris Water Solutions from $21.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Aris Water Solutions currently has a consensus rating of “Hold” and a consensus price target of $27.00.

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.