Mesirow Financial Investment Management Inc. Decreases Stake in Select Water Solutions, Inc. (NYSE:WTTR)

Mesirow Financial Investment Management Inc. lessened its holdings in Select Water Solutions, Inc. (NYSE:WTTR) by 17.9% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,353 shares of the company’s stock after selling 4,430 shares during the period. Mesirow Financial Investment Management Inc.’s holdings in Select Water Solutions were worth $227,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC increased its position in Select Water Solutions by 57.3% in the second quarter. GAMMA Investing LLC now owns 3,008 shares of the company’s stock worth $32,000 after buying an additional 1,096 shares during the last quarter. Innealta Capital LLC purchased a new stake in Select Water Solutions in the 2nd quarter worth approximately $34,000. CWM LLC increased its stake in Select Water Solutions by 55.2% in the 2nd quarter. CWM LLC now owns 4,204 shares of the company’s stock worth $45,000 after acquiring an additional 1,496 shares during the last quarter. New York State Teachers Retirement System lifted its position in Select Water Solutions by 13.8% during the third quarter. New York State Teachers Retirement System now owns 8,327 shares of the company’s stock valued at $93,000 after purchasing an additional 1,010 shares during the last quarter. Finally, Creative Planning bought a new position in Select Water Solutions in the third quarter valued at $112,000. Institutional investors own 81.73% of the company’s stock.

Analyst Upgrades and Downgrades

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

Select Water Solutions Price Performance

Shares of NYSE WTTR opened at $13.90 on Wednesday. The company’s 50-day moving average is $11.29 and its 200 day moving average is $10.84. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.78 and a quick ratio of 1.63. The stock has a market capitalization of $1.65 billion, a P/E ratio of 23.55 and a beta of 1.67. Select Water Solutions, Inc. has a 1 year low of $6.99 and a 1 year high of $14.48.

Select Water Solutions (NYSE:WTTR) last released its earnings results on Tuesday, November 5th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.01. The company had revenue of $371.35 million during the quarter, compared to analysts’ expectations of $352.98 million. Select Water Solutions had a return on equity of 6.65% and a net margin of 4.05%. The firm’s revenue for the quarter was down 4.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.14 EPS. On average, sell-side analysts expect that Select Water Solutions, Inc. will post 0.4 earnings per share for the current year.

Select Water Solutions Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Tuesday, November 5th will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 2.02%. This is an increase from Select Water Solutions’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Tuesday, November 5th. Select Water Solutions’s payout ratio is 47.46%.

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.