Jane Street Group LLC Has $636,000 Stake in Select Water Solutions, Inc. (NYSE:WTTR)

Jane Street Group LLC decreased its position in shares of Select Water Solutions, Inc. (NYSE:WTTR) by 18.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 57,111 shares of the company’s stock after selling 12,931 shares during the period. Jane Street Group LLC’s holdings in Select Water Solutions were worth $636,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Dimensional Fund Advisors LP grew its stake in shares of Select Water Solutions by 3.4% during the second quarter. Dimensional Fund Advisors LP now owns 6,569,379 shares of the company’s stock worth $70,291,000 after purchasing an additional 214,915 shares during the period. Victory Capital Management Inc. grew its stake in shares of Select Water Solutions by 1.3% during the third quarter. Victory Capital Management Inc. now owns 3,818,016 shares of the company’s stock worth $42,495,000 after purchasing an additional 47,511 shares during the period. FMR LLC grew its stake in shares of Select Water Solutions by 51.9% during the third quarter. FMR LLC now owns 3,728,787 shares of the company’s stock worth $41,501,000 after purchasing an additional 1,274,600 shares during the period. American Century Companies Inc. grew its stake 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 purchasing an additional 890,470 shares during the period. Finally, Royce & Associates LP grew its stake in shares of Select Water Solutions by 1.9% during the third quarter. Royce & Associates LP now owns 1,682,413 shares of the company’s stock worth $18,725,000 after purchasing an additional 31,192 shares during the period. Institutional investors and hedge funds own 81.73% of the company’s stock.

Select Water Solutions Stock Up 0.3 %

Shares of Select Water Solutions stock opened at $13.80 on Friday. The company has a quick ratio of 1.62, a current ratio of 1.78 and a debt-to-equity ratio of 0.09. Select Water Solutions, Inc. has a 12 month low of $6.99 and a 12 month high of $15.14. The business has a fifty day simple moving average of $13.40 and a 200 day simple moving average of $11.83. The stock has a market cap of $1.65 billion, a PE ratio of 23.39 and a beta of 1.76.

Select Water Solutions (NYSE:WTTR) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $0.15 EPS 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 business had revenue of $371.35 million during the quarter, compared to analysts’ expectations of $352.98 million. During the same period in the previous year, the firm earned $0.14 earnings per share. The firm’s quarterly revenue was down 4.6% compared to the same quarter last year. Research analysts predict that Select Water Solutions, Inc. will post 0.4 EPS for the current year.

Select Water Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Tuesday, November 5th were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Tuesday, November 5th. This is a positive change from Select Water Solutions’s previous quarterly dividend of $0.06. This represents a $0.28 annualized dividend and a yield of 2.03%. Select Water Solutions’s payout ratio 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.