Dynamic Technology Lab Private Ltd Makes New Investment in Select Water Solutions, Inc. (NYSE:WTTR)

Dynamic Technology Lab Private Ltd acquired a new stake in Select Water Solutions, Inc. (NYSE:WTTR) in the 4th quarter, HoldingsChannel reports. The fund acquired 45,300 shares of the company’s stock, valued at approximately $600,000.

A number of other institutional investors have also recently made changes to their positions in the business. Parkside Financial Bank & Trust lifted its holdings in Select Water Solutions by 24.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 5,044 shares of the company’s stock worth $67,000 after buying an additional 1,007 shares in the last quarter. SkyView Investment Advisors LLC boosted its holdings in Select Water Solutions by 1.8% in the third quarter. SkyView Investment Advisors LLC now owns 61,105 shares of the company’s stock valued at $680,000 after purchasing an additional 1,073 shares during the period. Inspire Advisors LLC grew its stake in Select Water Solutions by 6.2% during the 4th quarter. Inspire Advisors LLC now owns 20,751 shares of the company’s stock worth $275,000 after purchasing an additional 1,216 shares in the last quarter. Swiss National Bank increased its holdings in Select Water Solutions by 0.8% during the 4th quarter. Swiss National Bank now owns 181,900 shares of the company’s stock worth $2,408,000 after purchasing an additional 1,400 shares during the period. Finally, Lane Generational LLC raised its position in Select Water Solutions by 0.5% in the 4th quarter. Lane Generational LLC now owns 314,929 shares of the company’s stock valued at $4,170,000 after purchasing an additional 1,638 shares in the last quarter. Institutional investors and hedge funds own 81.73% of the company’s stock.

Insiders Place Their Bets

In other Select Water Solutions news, CEO John Schmitz sold 73,450 shares of the company’s stock in a transaction on Friday, February 14th. The shares were sold at an average price of $13.03, for a total value of $957,053.50. Following the completion of the transaction, the chief executive officer now owns 2,825,128 shares in the company, valued at $36,811,417.84. This represents a 2.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 8.40% of the stock is owned by corporate insiders.

Select Water Solutions Stock Performance

Shares of WTTR stock opened at $8.35 on Tuesday. The company has a market cap of $995.46 million, a P/E ratio of 27.82 and a beta of 1.51. The firm has a fifty day moving average price of $11.36 and a 200 day moving average price of $12.32. The company has a current ratio of 1.65, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09. Select Water Solutions, Inc. has a 12 month low of $8.14 and a 12 month high of $15.14.

Select Water Solutions (NYSE:WTTR) last released its quarterly earnings data on Tuesday, February 18th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.14). Select Water Solutions had a return on equity of 3.48% and a net margin of 2.11%. The business had revenue of $349.05 million for the quarter, compared to analyst estimates of $333.62 million. Sell-side analysts predict that Select Water Solutions, Inc. will post 0.91 earnings per share for the current fiscal year.

Select Water Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Tuesday, February 4th were issued a dividend of $0.07 per share. 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 3.36%. Select Water Solutions’s payout ratio is currently 93.33%.

Analyst Upgrades and Downgrades

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 report 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.