Proficio Capital Partners LLC Acquires Shares of 13,002 Select Water Solutions, Inc. (NYSE:WTTR)

Proficio Capital Partners LLC bought a new position in shares of Select Water Solutions, Inc. (NYSE:WTTR) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 13,002 shares of the company’s stock, valued at approximately $172,000.

Several other large investors have also made changes to their positions in the company. Parkside Financial Bank & Trust increased its position in Select Water Solutions by 24.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 5,044 shares of the company’s stock worth $67,000 after purchasing an additional 1,007 shares during the period. SkyView Investment Advisors LLC boosted its stake in shares of Select Water Solutions by 1.8% in the 3rd quarter. SkyView Investment Advisors LLC now owns 61,105 shares of the company’s stock valued at $680,000 after purchasing an additional 1,073 shares during the last quarter. Savant Capital LLC grew its position in shares of Select Water Solutions by 11.6% during the 4th quarter. Savant Capital LLC now owns 20,672 shares of the company’s stock worth $274,000 after buying an additional 2,143 shares during the period. Miller Howard Investments Inc. NY raised its stake in shares of Select Water Solutions by 1.3% during the fourth quarter. Miller Howard Investments Inc. NY now owns 233,794 shares of the company’s stock worth $3,095,000 after buying an additional 2,977 shares during the last quarter. Finally, Principal Financial Group Inc. lifted 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 valued at $619,000 after buying an additional 3,412 shares during the period. Institutional investors and hedge funds own 81.73% of the company’s stock.

Select Water Solutions Trading Up 1.1 %

NYSE:WTTR opened at $10.68 on Friday. The company has a current ratio of 1.65, 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 $8.60 and a 1-year high of $15.14. The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of 35.59 and a beta of 1.77. The business’s 50-day moving average price is $11.91 and its two-hundred day moving average price is $12.35.

Select Water Solutions (NYSE:WTTR) last announced its quarterly earnings results on Tuesday, February 18th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $349.05 million during the quarter, compared to the consensus estimate of $333.62 million. On average, equities analysts expect that Select Water Solutions, Inc. will post 0.91 earnings per share for the current year.

Select Water Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Tuesday, February 4th were issued a $0.07 dividend. The ex-dividend date was Tuesday, February 4th. This represents a $0.28 annualized dividend and a yield of 2.62%. Select Water Solutions’s dividend payout ratio (DPR) is presently 93.33%.

Insider Transactions at Select Water Solutions

In other Select Water Solutions news, CEO John Schmitz sold 26,550 shares of the stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $13.16, for a total value of $349,398.00. Following the completion of the sale, the chief executive officer now directly owns 2,898,578 shares in the company, valued at $38,145,286.48. This represents a 0.91 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 8.40% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.