Ranger Investment Management L.P. Makes New Investment in Select Water Solutions, Inc. (NYSE:WTTR)

Ranger Investment Management L.P. acquired a new position in shares of Select Water Solutions, Inc. (NYSE:WTTR) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 350,305 shares of the company’s stock, valued at approximately $4,638,000.

Several other institutional investors have also made changes to their positions in WTTR. Van ECK Associates Corp boosted its holdings in Select Water Solutions by 27.4% during the fourth quarter. Van ECK Associates Corp now owns 1,998,193 shares of the company’s stock valued at $26,456,000 after purchasing an additional 430,363 shares in the last quarter. Segall Bryant & Hamill LLC bought a new position in shares of Select Water Solutions during the 4th quarter worth approximately $5,346,000. Arrowstreet Capital Limited Partnership boosted its stake in Select Water Solutions by 254.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 524,354 shares of the company’s stock valued at $6,942,000 after buying an additional 376,218 shares in the last quarter. Great Lakes Advisors LLC acquired a new stake in Select Water Solutions in the 4th quarter valued at $4,913,000. Finally, American Century Companies Inc. grew its position in Select Water Solutions by 12.6% in the fourth quarter. American Century Companies Inc. now owns 3,174,675 shares of the company’s stock valued at $42,033,000 after acquiring an additional 355,271 shares during the period. 81.73% of the stock is currently owned by institutional investors and hedge funds.

Select Water Solutions Trading Down 5.6 %

Shares of WTTR opened at $7.91 on Wednesday. The stock has a fifty day moving average price of $11.15 and a two-hundred day moving average price of $12.26. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.62 and a current ratio of 1.65. The company has a market cap of $942.97 million, a price-to-earnings ratio of 26.35 and a beta of 1.51. Select Water Solutions, Inc. has a 52-week low of $7.68 and a 52-week high of $15.14.

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 the consensus estimate of $0.13 by ($0.14). Select Water Solutions had a net margin of 2.11% and a return on equity of 3.48%. The company had revenue of $349.05 million during the quarter, compared to analyst estimates of $333.62 million. Analysts predict that Select Water Solutions, Inc. will post 0.91 EPS for the current fiscal year.

Select Water Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Tuesday, February 4th were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 3.54%. The ex-dividend date was Tuesday, February 4th. Select Water Solutions’s payout ratio is presently 93.33%.

Insiders Place Their Bets

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

Analyst Ratings Changes

Separately, Citigroup boosted their target price on shares of Select Water Solutions from $14.00 to $18.00 and gave the company a “buy” rating in a research note 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.