Aris Water Solutions, Inc. (NYSE:ARIS) Short Interest Up 46.9% in March

Aris Water Solutions, Inc. (NYSE:ARIS) saw a large growth in short interest in March. As of March 31st, there was short interest totalling 2,630,000 shares, a growth of 46.9% from the March 15th total of 1,790,000 shares. Approximately 9.9% of the company’s shares are sold short. Based on an average daily trading volume, of 974,800 shares, the days-to-cover ratio is currently 2.7 days.

Aris Water Solutions Price Performance

NYSE:ARIS opened at $25.87 on Friday. The firm has a market cap of $1.51 billion, a P/E ratio of 32.34 and a beta of 1.81. The stock has a 50 day moving average of $28.50 and a two-hundred day moving average of $25.28. Aris Water Solutions has a 12 month low of $13.34 and a 12 month high of $33.95. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.62.

Aris Water Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.16%. This is a boost from Aris Water Solutions’s previous quarterly dividend of $0.11. The ex-dividend date was Thursday, March 13th. Aris Water Solutions’s dividend payout ratio is 70.00%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on ARIS shares. Citigroup reaffirmed a “neutral” rating and set a $26.00 target price (up previously from $18.00) on shares of Aris Water Solutions in a research report on Wednesday, January 8th. StockNews.com raised shares of Aris Water Solutions from a “sell” rating to a “hold” rating in a research report on Saturday. Wells Fargo & Company lifted their price objective on shares of Aris Water Solutions from $26.00 to $29.00 and gave the stock an “equal weight” rating in a research report on Friday, February 28th. Finally, Evercore ISI cut shares of Aris Water Solutions from an “outperform” rating to an “in-line” rating and increased their target price for the company from $25.00 to $27.00 in a research report on Wednesday, January 15th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Aris Water Solutions has an average rating of “Hold” and a consensus target price of $27.00.

Insider Activity at Aris Water Solutions

In other Aris Water Solutions news, major shareholder Yorktown Energy Partners Xi, L sold 1,000,000 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $27.70, for a total transaction of $27,700,000.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Nicholas A. Patterson sold 8,299 shares of the business’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 completion of the sale, the insider now owns 58,228 shares of the company’s stock, valued at approximately $1,781,776.80. This represents a 12.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,070,604 shares of company stock worth $29,817,145 in the last 90 days. 23.06% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Aris Water Solutions

A number of institutional investors and hedge funds have recently bought and sold shares of ARIS. Raymond James Financial Inc. purchased a new stake in shares of Aris Water Solutions in the fourth quarter valued at approximately $29,663,000. Whittier Trust Co. grew its holdings in Aris Water Solutions by 70,079.1% in the 4th quarter. Whittier Trust Co. now owns 349,492 shares of the company’s stock valued at $8,370,000 after buying an additional 348,994 shares in the last quarter. NBW Capital LLC increased its stake in shares of Aris Water Solutions by 1,191.8% in the 4th quarter. NBW Capital LLC now owns 263,324 shares of the company’s stock worth $6,307,000 after acquiring an additional 242,939 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in shares of Aris Water Solutions during the 4th quarter worth $5,717,000. Finally, Horizon Kinetics Asset Management LLC acquired a new position in shares of Aris Water Solutions during the 4th quarter valued at about $5,492,000. 39.71% of the stock is currently owned by institutional investors and hedge funds.

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.