Proficio Capital Partners LLC Acquires New Position in Select Water Solutions, Inc. (NYSE:WTTR)

Proficio Capital Partners LLC acquired a new stake 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 and Exchange Commission (SEC). The firm acquired 13,002 shares of the company’s stock, valued at approximately $172,000.

Other institutional investors have also bought and sold shares of the company. FMR LLC lifted its position 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 last quarter. Van ECK Associates Corp raised its holdings in shares of Select Water Solutions by 27.4% during the fourth quarter. Van ECK Associates Corp now owns 1,998,193 shares of the company’s stock worth $26,456,000 after purchasing an additional 430,363 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Select Water Solutions by 32.4% during the third quarter. JPMorgan Chase & Co. now owns 1,345,964 shares of the company’s stock worth $14,981,000 after acquiring an additional 329,353 shares during the period. New York State Common Retirement Fund grew its position in Select Water Solutions by 277.8% during the fourth quarter. New York State Common Retirement Fund now owns 421,754 shares of the company’s stock valued at $5,584,000 after buying an additional 310,125 shares during the period. Finally, Icon Wealth Advisors LLC raised its holdings in Select Water Solutions by 82.7% in the 3rd quarter. Icon Wealth Advisors LLC now owns 629,569 shares of the company’s stock worth $7,007,000 after purchasing an additional 284,891 shares during the period. Institutional investors own 81.73% of the company’s stock.

Select Water Solutions Price Performance

Shares of WTTR stock opened at $9.63 on Thursday. The firm’s 50-day moving average is $12.80 and its two-hundred day moving average is $12.46. The company has a market capitalization of $1.15 billion, a PE ratio of 32.09 and a beta of 1.77. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.65 and a quick ratio of 1.62. Select Water Solutions, Inc. has a 12 month low of $8.60 and a 12 month high of $15.14.

Select Water Solutions (NYSE:WTTR) last posted its earnings results 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 company had revenue of $349.05 million during the quarter, compared to analyst estimates of $333.62 million. Analysts predict that Select Water Solutions, Inc. will post 0.91 earnings per share for the current year.

Select Water Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Tuesday, February 4th were issued a $0.07 dividend. The ex-dividend date of this dividend was Tuesday, February 4th. This represents a $0.28 dividend on an annualized basis and a yield of 2.91%. Select Water Solutions’s dividend payout ratio (DPR) is presently 93.33%.

Insider Activity at Select Water Solutions

In other Select Water Solutions news, CEO John Schmitz sold 26,550 shares of the firm’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $13.16, for a total transaction of $349,398.00. Following the transaction, the chief executive officer now owns 2,898,578 shares of the company’s stock, valued at approximately $38,145,286.48. This trade represents a 0.91 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 8.40% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Separately, Citigroup boosted their price objective on Select Water Solutions from $14.00 to $18.00 and gave the stock a “buy” rating in a research note 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.