Select Water Solutions, Inc. (NYSE:WTTR) Short Interest Update

Select Water Solutions, Inc. (NYSE:WTTR) was the recipient of a large growth in short interest in February. As of February 28th, there was short interest totalling 6,970,000 shares, a growth of 35.9% from the February 13th total of 5,130,000 shares. Based on an average trading volume of 1,010,000 shares, the days-to-cover ratio is presently 6.9 days. Currently, 6.4% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

Separately, Citigroup lifted their target price on shares of Select Water Solutions from $14.00 to $18.00 and gave the stock a “buy” rating in a report on Friday, January 10th.

Select Water Solutions Trading Down 0.2 %

NYSE:WTTR traded down $0.02 during trading hours on Monday, hitting $9.63. The stock had a trading volume of 3,287,719 shares, compared to its average volume of 956,278. The business’s 50 day moving average is $12.47 and its 200-day moving average is $12.40. The company has a market cap of $1.15 billion, a price-to-earnings ratio of 32.11 and a beta of 1.77. Select Water Solutions has a one year low of $8.60 and a one year high of $15.14. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.62 and a current ratio of 1.65.

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

Select Water Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Tuesday, February 4th were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 2.91%. The ex-dividend date of this dividend was Tuesday, February 4th. Select Water Solutions’s dividend payout ratio is 93.33%.

Insider Buying and Selling at Select Water Solutions

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Principal Financial Group Inc. acquired a new stake in shares of Select Water Solutions in the third quarter valued at approximately $483,000. Geode Capital Management LLC grew its position in Select Water Solutions by 7.9% in the third quarter. Geode Capital Management LLC now owns 2,127,370 shares of the company’s stock valued at $23,683,000 after purchasing an additional 155,091 shares in the last quarter. Foundry Partners LLC increased its stake in Select Water Solutions by 29.8% in the 3rd quarter. Foundry Partners LLC now owns 622,755 shares of the company’s stock valued at $6,931,000 after buying an additional 142,919 shares during the last quarter. Barclays PLC lifted its position in Select Water Solutions by 319.3% during the 3rd quarter. Barclays PLC now owns 140,648 shares of the company’s stock worth $1,565,000 after buying an additional 107,107 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of Select Water Solutions during the 4th quarter worth about $342,000. 81.73% of the stock is owned by institutional investors and hedge funds.

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.