U S Global Investors Inc. Decreases Stock Holdings in Select Water Solutions, Inc. (NYSE:WTTR)

U S Global Investors Inc. decreased its holdings in shares of Select Water Solutions, Inc. (NYSE:WTTR) by 25.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 30,000 shares of the company’s stock after selling 10,000 shares during the period. U S Global Investors Inc.’s holdings in Select Water Solutions were worth $397,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Parkside Financial Bank & Trust grew 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 valued at $67,000 after purchasing an additional 1,007 shares during the last quarter. New York State Teachers Retirement System lifted its holdings in Select Water Solutions by 13.8% during the 3rd quarter. New York State Teachers Retirement System now owns 8,327 shares of the company’s stock valued at $93,000 after buying an additional 1,010 shares in the last quarter. Northwest & Ethical Investments L.P. purchased a new stake in Select Water Solutions in the 3rd quarter valued at about $107,000. Creative Planning purchased a new position in shares of Select Water Solutions during the third quarter worth approximately $112,000. Finally, Truist Financial Corp purchased a new position in shares of Select Water Solutions during the fourth quarter worth approximately $134,000. 81.73% of the stock is owned by hedge funds and other institutional investors.

Select Water Solutions Trading Down 0.5 %

NYSE WTTR opened at $12.00 on Friday. The company has a 50 day moving average price of $13.16 and a 200 day moving average price of $12.45. The company has a quick ratio of 1.62, a current ratio of 1.65 and a debt-to-equity ratio of 0.09. Select Water Solutions, Inc. has a 52 week low of $8.12 and a 52 week high of $15.14. The firm has a market cap of $1.43 billion, a PE ratio of 39.98 and a beta of 1.73.

Select Water Solutions (NYSE:WTTR) last posted its quarterly earnings data on Tuesday, February 18th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $333.62 million. As a group, sell-side analysts forecast that Select Water Solutions, Inc. will post 0.91 EPS for the current fiscal year.

Select Water Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Tuesday, February 4th were issued a dividend of $0.07 per share. The ex-dividend date was Tuesday, February 4th. This represents a $0.28 annualized dividend and a dividend yield of 2.33%. Select Water Solutions’s dividend payout ratio (DPR) is currently 93.33%.

Analyst Upgrades and Downgrades

Separately, Citigroup increased 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.

Insider Activity at Select Water Solutions

In related 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 value of $957,053.50. Following the transaction, the chief executive officer now directly owns 2,825,128 shares of the company’s stock, valued at $36,811,417.84. This represents a 2.53 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 8.10% of the stock is currently owned by insiders.

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.