Aris Water Solutions director sells $27.7 million in stock

Keenan W. Howard Jr., a director at Aris Water Solutions , Inc. (NYSE:ARIS), recently executed a significant transaction involving the company’s stock. The sale comes as Aris shares trade near their 52-week high of $32.56, having delivered an impressive 139.58% return over the past year. According to InvestingPro analysis, the company appears overvalued at current levels. On March 17, 2025, Howard sold 1,000,000 shares of Class A Common Stock at a price of $27.7 per share, amounting to a total of $27.7 million. Following this sale, Howard holds no shares of this class of stock.

Additionally, Howard was involved in a transaction involving the conversion of 1,000,000 shares of Class B Common Stock and an equal number of Solaris Midstream Holdings, LLC units into Class A Common Stock. This conversion was executed at no cost, as per the terms outlined in the agreements governing these securities. Despite the conversion, these shares were subsequently sold as part of the aforementioned transaction. With a market capitalization of $1.72 billion and a "GREAT" financial health score from InvestingPro, Aris maintains strong operational metrics, including a solid 59.35% gross profit margin.

The transactions reflect Howard’s indirect ownership through Yorktown XI, where he serves as a managing member. The Class B Common Stock, which carries voting rights but no economic rights, was canceled in accordance with the company’s policies. Discover more insights about Aris Water Solutions and access comprehensive analysis of 1,400+ US stocks through InvestingPro’s detailed research reports.

In other recent news, Ares Mining reported a robust performance for Q4 2024, with revenue reaching $118.61 million, surpassing the forecast of $108.95 million. Despite a slight miss in earnings per share (EPS) at $0.29 compared to the anticipated $0.32, the company’s revenue exceeded expectations by approximately $9.66 million. Ares Mining’s net earnings for the quarter were $21.7 million, a significant improvement from a net loss in the previous quarter. The company produced 57,364 ounces of gold in Q4, contributing to a full-year production of 211,000 ounces. Additionally, Ares Mining announced expansions at its Segovia and Marmato facilities, aiming to increase production capabilities. Analysts noted the company’s strong balance sheet, ending the year with a cash balance of $253 million. Future guidance indicates continued growth, with projected consolidated gold production for 2025 expected to be between 230,000 and 275,000 ounces. The company plans to more than double its annual production to 500,000 ounces.

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