Exchange Traded Concepts LLC Purchases 30,817 Shares of Select Water Solutions, Inc. (NYSE:WTTR)

Exchange Traded Concepts LLC increased its position in shares of Select Water Solutions, Inc. (NYSE:WTTR) by 121.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 56,217 shares of the company’s stock after buying an additional 30,817 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Select Water Solutions were worth $626,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of WTTR. Victory Capital Management Inc. grew its holdings in shares of Select Water Solutions by 1,328.1% during the second quarter. Victory Capital Management Inc. now owns 3,770,505 shares of the company’s stock worth $40,344,000 after buying an additional 3,506,479 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Select Water Solutions by 87.3% during the second quarter. American Century Companies Inc. now owns 1,910,065 shares of the company’s stock worth $20,438,000 after buying an additional 890,470 shares in the last quarter. Foundry Partners LLC bought a new position in shares of Select Water Solutions during the second quarter worth about $5,134,000. Harbor Capital Advisors Inc. grew its holdings in shares of Select Water Solutions by 273.4% during the second quarter. Harbor Capital Advisors Inc. now owns 451,845 shares of the company’s stock worth $4,835,000 after buying an additional 330,838 shares in the last quarter. Finally, Webs Creek Capital Management LP grew its holdings in shares of Select Water Solutions by 16.1% during the first quarter. Webs Creek Capital Management LP now owns 2,208,733 shares of the company’s stock worth $20,387,000 after buying an additional 306,547 shares in the last quarter. 81.73% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Select Water Solutions Stock Performance

Shares of NYSE WTTR opened at $10.92 on Friday. The stock has a 50 day moving average price of $11.09 and a 200 day moving average price of $10.54. Select Water Solutions, Inc. has a 52 week low of $6.78 and a 52 week high of $12.27. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.63 and a current ratio of 1.81. The stock has a market capitalization of $1.30 billion, a PE ratio of 16.80 and a beta of 1.65.

Select Water Solutions (NYSE:WTTR) last released its quarterly earnings data 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 return on equity of 6.56% and a net margin of 3.91%. The company had revenue of $365.13 million during the quarter, compared to analysts’ expectations of $372.25 million. During the same period last year, the firm posted $0.20 earnings per share. The business’s revenue was down 9.8% on a year-over-year basis. Analysts predict that Select Water Solutions, Inc. will post 0.48 earnings per share for the current fiscal year.

Select Water Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Stockholders 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 2.20%. Select Water Solutions’s payout ratio is 36.92%.

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.