Inspire Investing LLC Sells 7,852 Shares of Select Water Solutions, Inc. (NYSE:WTTR)

Inspire Investing LLC decreased its holdings in shares of Select Water Solutions, Inc. (NYSE:WTTR) by 17.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,048 shares of the company’s stock after selling 7,852 shares during the period. Inspire Investing LLC’s holdings in Select Water Solutions were worth $407,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. grew its holdings in Select Water Solutions by 14.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,083,135 shares of the company’s stock valued at $8,221,000 after purchasing an additional 136,489 shares during the period. Palogic Value Management L.P. increased its holdings in Select Water Solutions by 28.2% in the 4th quarter. Palogic Value Management L.P. now owns 341,300 shares of the company’s stock worth $2,590,000 after acquiring an additional 75,000 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Select Water Solutions by 5.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,031,868 shares of the company’s stock worth $45,782,000 after acquiring an additional 300,115 shares during the period. Caxton Associates LP purchased a new position in Select Water Solutions during the first quarter valued at approximately $495,000. Finally, Wellington Management Group LLP boosted its position in shares of Select Water Solutions by 3.2% in the fourth quarter. Wellington Management Group LLP now owns 4,699,066 shares of the company’s stock worth $35,666,000 after purchasing an additional 145,714 shares during the period. 81.73% of the stock is currently owned by hedge funds and other institutional investors.

Select Water Solutions Trading Up 0.9 %

Select Water Solutions stock opened at $11.43 on Friday. Select Water Solutions, Inc. has a 1 year low of $6.78 and a 1 year high of $12.27. The firm’s 50 day moving average price is $11.09 and its 200-day moving average price is $10.22. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.81 and a quick ratio of 1.63. The stock has a market cap of $1.36 billion, a P/E ratio of 17.58 and a beta of 1.66.

Select Water Solutions (NYSE:WTTR) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.02. Select Water Solutions had a net margin of 3.91% and a return on equity of 6.56%. The company had revenue of $365.13 million for the quarter, compared to the consensus estimate of $372.25 million. During the same period in the previous year, the firm posted $0.20 EPS. Select Water Solutions’s revenue for the quarter was down 9.8% compared to the same quarter last year. On average, equities analysts predict that Select Water Solutions, Inc. will post 0.48 earnings per share for the current fiscal year.

Select Water Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Monday, August 5th were given a $0.06 dividend. The ex-dividend date was Monday, August 5th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.10%. Select Water Solutions’s dividend payout ratio is currently 36.92%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Northland Capmk upgraded shares of Select Water Solutions from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 22nd. Northland Securities upgraded Select Water Solutions from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $11.50 to $14.50 in a research report on Thursday, August 22nd.

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.