GSA Capital Partners LLP Makes New Investment in Select Water Solutions, Inc. (NYSE:WTTR)

GSA Capital Partners LLP bought a new position in Select Water Solutions, Inc. (NYSE:WTTR) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 19,808 shares of the company’s stock, valued at approximately $220,000.

Several other institutional investors have also made changes to their positions in the company. New York State Teachers Retirement System boosted its position in Select Water Solutions by 13.8% during the 3rd quarter. New York State Teachers Retirement System now owns 8,327 shares of the company’s stock worth $93,000 after acquiring an additional 1,010 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Select Water Solutions by 57.3% during the second quarter. GAMMA Investing LLC now owns 3,008 shares of the company’s stock worth $32,000 after purchasing an additional 1,096 shares during the period. ProShare Advisors LLC grew its position in Select Water Solutions by 8.6% during the first quarter. ProShare Advisors LLC now owns 14,356 shares of the company’s stock valued at $133,000 after purchasing an additional 1,131 shares in the last quarter. CWM LLC increased its stake in Select Water Solutions by 55.2% in the 2nd quarter. CWM LLC now owns 4,204 shares of the company’s stock valued at $45,000 after buying an additional 1,496 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its position in Select Water Solutions by 15.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 22,993 shares of the company’s stock worth $213,000 after buying an additional 3,142 shares in the last quarter. 81.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on WTTR. Northland Securities raised shares of Select Water Solutions from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $11.50 to $14.50 in a research note on Thursday, August 22nd. Northland Capmk raised Select Water Solutions from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 22nd.

Select Water Solutions Stock Up 0.8 %

Select Water Solutions stock opened at $14.69 on Monday. The company has a current ratio of 1.78, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09. Select Water Solutions, Inc. has a 1-year low of $6.99 and a 1-year high of $14.87. The firm’s fifty day simple moving average is $11.83 and its 200-day simple moving average is $11.11. The company has a market capitalization of $1.75 billion, a P/E ratio of 24.90 and a beta of 1.67.

Select Water Solutions (NYSE:WTTR) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.01. Select Water Solutions had a return on equity of 6.65% and a net margin of 4.05%. The company had revenue of $371.35 million during the quarter, compared to analysts’ expectations of $352.98 million. During the same quarter in the previous year, the firm earned $0.14 earnings per share. The business’s quarterly revenue was down 4.6% compared to the same quarter last year. Sell-side analysts forecast that Select Water Solutions, Inc. will post 0.4 earnings per share for the current fiscal year.

Select Water Solutions Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Tuesday, November 5th were given a $0.07 dividend. This is a positive change from Select Water Solutions’s previous quarterly dividend of $0.06. The ex-dividend date was Tuesday, November 5th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.91%. Select Water Solutions’s dividend payout ratio (DPR) is currently 47.46%.

Select Water Solutions Company 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.