Y Intercept Hong Kong Ltd Purchases Shares of 25,815 Select Water Solutions, Inc. (NYSE:WTTR)

Y Intercept Hong Kong Ltd purchased a new stake in Select Water Solutions, Inc. (NYSE:WTTR) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 25,815 shares of the company’s stock, valued at approximately $342,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of WTTR. Ieq Capital LLC acquired a new position in shares of Select Water Solutions in the 4th quarter valued at about $188,000. New York State Common Retirement Fund increased its holdings in shares of Select Water Solutions by 277.8% in the 4th quarter. New York State Common Retirement Fund now owns 421,754 shares of the company’s stock valued at $5,584,000 after purchasing an additional 310,125 shares during the period. Truist Financial Corp acquired a new position in shares of Select Water Solutions in the 4th quarter valued at about $134,000. Principal Financial Group Inc. increased its holdings in Select Water Solutions by 7.9% in the fourth quarter. Principal Financial Group Inc. now owns 46,781 shares of the company’s stock worth $619,000 after buying an additional 3,412 shares during the last quarter. Finally, James Investment Research Inc. acquired a new position in Select Water Solutions in the fourth quarter worth approximately $137,000. Institutional investors and hedge funds own 81.73% of the company’s stock.

Select Water Solutions Stock Down 5.2 %

WTTR opened at $11.50 on Tuesday. Select Water Solutions, Inc. has a 1-year low of $8.12 and a 1-year high of $15.14. The company has a current ratio of 1.65, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of 38.33 and a beta of 1.73. The business has a 50 day moving average of $13.15 and a 200-day moving average of $12.48.

Select Water Solutions (NYSE:WTTR) last posted its quarterly earnings data on Tuesday, February 18th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.14). Select Water Solutions had a net margin of 2.11% and a return on equity of 3.48%. The business had revenue of $349.05 million during the quarter, compared to the consensus estimate of $333.62 million. As a group, sell-side analysts anticipate that Select Water Solutions, Inc. will post 0.91 earnings per share for the current year.

Select Water Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Tuesday, February 4th were given a $0.07 dividend. The ex-dividend date of this dividend was Tuesday, February 4th. This represents a $0.28 annualized dividend and a yield of 2.43%. Select Water Solutions’s dividend payout ratio (DPR) is currently 93.33%.

Wall Street Analyst Weigh In

Separately, Citigroup increased their price objective on Select Water Solutions from $14.00 to $18.00 and gave the stock a “buy” rating in a report on Friday, January 10th.

Insider Buying and Selling

In other Select Water Solutions news, CEO John Schmitz sold 73,450 shares of the company’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $13.03, for a total transaction of $957,053.50. Following the sale, the chief executive officer now directly owns 2,825,128 shares of the company’s stock, valued at approximately $36,811,417.84. This represents a 2.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 8.40% of the stock is owned by company insiders.

About Select Water Solutions

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.