Select Water Solutions, Inc. (NYSE:WTTR) Shares Acquired by SG Capital Management LLC

SG Capital Management LLC lifted its stake in shares of Select Water Solutions, Inc. (NYSE:WTTR) by 3.0% during the first quarter, HoldingsChannel.com reports. The firm owned 160,299 shares of the company’s stock after purchasing an additional 4,694 shares during the period. SG Capital Management LLC’s holdings in Select Water Solutions were worth $1,480,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Webs Creek Capital Management LP grew its stake in shares of Select Water Solutions by 16.1% during the 1st quarter. Webs Creek Capital Management LP now owns 2,208,733 shares of the company’s stock worth $20,387,000 after purchasing an additional 306,547 shares during the period. Comerica Bank grew its stake in Select Water Solutions by 5,815.5% in the 1st quarter. Comerica Bank now owns 35,079 shares of the company’s stock valued at $324,000 after acquiring an additional 34,486 shares during the last quarter. Janus Henderson Group PLC grew its stake in Select Water Solutions by 94.7% in the 1st quarter. Janus Henderson Group PLC now owns 54,711 shares of the company’s stock valued at $505,000 after acquiring an additional 26,608 shares during the last quarter. Caxton Associates LP acquired a new stake in Select Water Solutions in the 1st quarter valued at about $495,000. Finally, Gendell Jeffrey L grew its stake in Select Water Solutions by 1.8% in the 1st quarter. Gendell Jeffrey L now owns 1,141,189 shares of the company’s stock valued at $10,533,000 after acquiring an additional 20,000 shares during the last quarter. 81.73% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Select Water Solutions

In related news, COO Michael Skarke sold 13,421 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $9.78, for a total value of $131,257.38. Following the transaction, the chief operating officer now owns 380,981 shares in the company, valued at $3,725,994.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 8.40% of the stock is currently owned by insiders.

Select Water Solutions Trading Down 8.5 %

Shares of Select Water Solutions stock traded down $1.04 during mid-day trading on Friday, hitting $11.16. 1,412,399 shares of the stock were exchanged, compared to its average volume of 1,122,672. Select Water Solutions, Inc. has a twelve month low of $6.78 and a twelve month high of $12.27. The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of 17.17 and a beta of 1.69. The company has a 50-day simple moving average of $10.74 and a 200 day simple moving average of $9.45. The company has a current ratio of 1.94, a quick ratio of 1.76 and a debt-to-equity ratio of 0.08.

Select Water Solutions (NYSE:WTTR) last released its quarterly earnings results on Tuesday, July 30th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.02. The company had revenue of $365.13 million for the quarter, compared to analysts’ expectations of $372.25 million. Select Water Solutions had a net margin of 3.91% and a return on equity of 6.59%. The firm’s revenue for the quarter was down 9.8% compared to the same quarter last year. During the same period last year, the company earned $0.20 EPS. Research analysts forecast that Select Water Solutions, Inc. will post 0.52 EPS for the current year.

Select Water Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 16th. Stockholders of record on Monday, August 5th will be issued a dividend of $0.06 per share. The ex-dividend date is Monday, August 5th. This represents a $0.24 annualized dividend and a dividend yield of 2.15%. Select Water Solutions’s payout ratio is currently 36.92%.

Analysts Set New Price Targets

A number of brokerages recently commented on WTTR. Citigroup raised shares of Select Water Solutions from a “neutral” rating to a “buy” rating and set a $13.00 price objective on the stock in a research note on Thursday, May 9th. Northland Securities began coverage on shares of Select Water Solutions in a research note on Monday, April 22nd. They issued a “market perform” rating and a $11.50 price objective on the stock.

Select Water Solutions Profile

Select Water Solutions, Inc, together with its subsidiaries, provides water management and chemical solutions to the energy industry in the United States. The company operates through three segments: Water Services, Water Infrastructure, and Chemical Technologies. The Water Services segment provides water-related services, including water sourcing, water transfer, flowback and well testing, water containment, fluids hauling, water monitoring, and water network automation; technology solutions comprising hydrographic mapping, water volume and quality monitoring, remote pit and tank monitoring, leak detection, asset and fuel tracking, and automated-equipment services, as well as various surface rental equipment and workforce accommodation services.