GSA Capital Partners LLP Makes New Investment in Select Water Solutions, Inc. (NYSE:WTTR)

GSA Capital Partners LLP acquired a new stake in Select Water Solutions, Inc. (NYSE:WTTR) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 19,808 shares of the company’s stock, valued at approximately $220,000.

Several other large investors also recently modified their holdings of WTTR. GAMMA Investing LLC increased its holdings in shares of Select Water Solutions by 57.3% during 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 in the last quarter. Innealta Capital LLC bought a new stake in Select Water Solutions during the 2nd quarter worth approximately $34,000. CWM LLC increased its holdings in Select Water Solutions by 55.2% during the 2nd quarter. CWM LLC now owns 4,204 shares of the company’s stock valued at $45,000 after purchasing an additional 1,496 shares in the last quarter. New York State Teachers Retirement System raised its position in Select Water Solutions by 13.8% in the 3rd 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 acquired a new position in Select Water Solutions in the third quarter worth $112,000. 81.73% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

WTTR has been the subject of a number of research reports. Northland Securities upgraded Select Water Solutions from a “market perform” rating to an “outperform” rating and raised their target price for the company from $11.50 to $14.50 in a research note on Thursday, August 22nd. Northland Capmk upgraded shares of Select Water Solutions from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 22nd.

Select Water Solutions Price Performance

Select Water Solutions stock opened at $14.69 on Monday. The business’s 50-day simple moving average is $11.83 and its 200 day simple moving average is $11.11. The company has a quick ratio of 1.62, a current ratio of 1.78 and a debt-to-equity ratio of 0.09. The stock has a market cap of $1.75 billion, a price-to-earnings ratio of 24.90 and a beta of 1.67. Select Water Solutions, Inc. has a 12-month low of $6.99 and a 12-month high of $14.87.

Select Water Solutions (NYSE:WTTR) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.14 by $0.01. Select Water Solutions had a net margin of 4.05% and a return on equity of 6.65%. The company had revenue of $371.35 million during the quarter, compared to analysts’ expectations of $352.98 million. During the same quarter in the previous year, the company earned $0.14 EPS. Select Water Solutions’s revenue was down 4.6% on a year-over-year basis. As a group, research analysts anticipate 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 declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Tuesday, November 5th were given a $0.07 dividend. This is a positive change from Select Water Solutions’s previous quarterly dividend of $0.06. This represents a $0.28 annualized dividend and a dividend yield of 1.91%. The ex-dividend date was Tuesday, November 5th. Select Water Solutions’s dividend payout ratio (DPR) is currently 47.46%.

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.