Should You Invest in Aris Water Solutions (ARIS)?
Wasatch Global Investors, an asset management company, released its “Wasatch Micro Cap Value Strategy” fourth-quarter 2022 investor letter. A copy of the same can be downloaded here. In the fourth quarter, the strategy outperformed the Russell Microcap Index which rose 4.72%. Stock selection in industrials, consumer discretionary, information technology, and consumer staples contributed to the strategy’s performance in the quarter while stock selections in energy detracted from the performance. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.
Wasatch Micro Cap Value Strategy highlighted stocks like Aris Water Solutions, Inc. (NYSE:ARIS) in the Q4 2022 investor letter. Headquartered in Houston, Texas, Aris Water Solutions, Inc. (NYSE:ARIS) is an environmental infrastructure and solutions company. On March 29, 2023, Aris Water Solutions, Inc. (NYSE:ARIS) stock closed at $7.78 per share. One-month return of Aris Water Solutions, Inc. (NYSE:ARIS) was -44.11%, and its shares lost 57.25% of their value over the last 52 weeks. Aris Water Solutions, Inc. (NYSE:ARIS) has a market capitalization of $720.43 million.
Wasatch Micro Cap Value Strategy made the following comment about Aris Water Solutions, Inc. (NYSE:ARIS) in its Q4 2022 investor letter:
“We also initiated a new position in Aris Water Solutions, Inc. (NYSE:ARIS), an oilfield-services company that manages the water supplies used in energy exploration and production (E&P). Aris’s recent pipeline investments allow E&P businesses to increase the amount of water that can be recycled, which significantly lowers costs. In Texas, for example, water use is one of the greatest expenses incurred for drilling activities.”
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Aris Water Solutions, Inc. (NYSE:ARIS) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 6 hedge fund portfolios held Aris Water Solutions, Inc. (NYSE:ARIS) at the end of the fourth quarter which was 14 in the previous quarter.
We discussed Aris Water Solutions, Inc. (NYSE:ARIS) in another article and shared Long Cast Advisers' views on the company. In addition, please check out our hedge fund investor letters Q4 2022 page for more investor letters from hedge funds and other leading investors.
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Disclosure: None. This article is originally published at Insider Monkey.
