Aris Water Solutions, Inc. (NYSE:ARIS – Get Free Report) CFO Stephan E. Tompsett sold 20,000 shares of the business’s stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $30.00, for a total transaction of $600,000.00. Following the completion of the sale, the chief financial officer now directly owns 140,509 shares of the company’s stock, valued at approximately $4,215,270. The trade was a 12.46 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Aris Water Solutions Trading Down 0.2 %
NYSE ARIS opened at $28.99 on Friday. The firm’s 50-day moving average is $27.67 and its two-hundred day moving average is $23.04. Aris Water Solutions, Inc. has a 12 month low of $12.44 and a 12 month high of $32.56. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.72 and a quick ratio of 1.72. The stock has a market capitalization of $1.69 billion, a P/E ratio of 36.24 and a beta of 1.88.
Aris Water Solutions Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be given a $0.14 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.56 dividend on an annualized basis and a yield of 1.93%. This is a boost from Aris Water Solutions’s previous quarterly dividend of $0.11. Aris Water Solutions’s dividend payout ratio is presently 70.00%.
Wall Street Analysts Forecast Growth
Get Our Latest Analysis on Aris Water Solutions
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the stock. Quarry LP purchased a new stake in Aris Water Solutions during the fourth quarter worth about $27,000. Larson Financial Group LLC purchased a new stake in Aris Water Solutions during the fourth quarter worth about $28,000. SBI Securities Co. Ltd. purchased a new stake in Aris Water Solutions during the fourth quarter worth about $33,000. Meeder Asset Management Inc. purchased a new stake in Aris Water Solutions during the third quarter worth about $39,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in Aris Water Solutions during the fourth quarter worth about $52,000. Institutional investors and hedge funds own 39.71% 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.
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