Penn Capital Management Company LLC Makes New $5.75 Million Investment in Select Water Solutions, Inc. (NYSE:WTTR)

Penn Capital Management Company LLC purchased a new position in shares of Select Water Solutions, Inc. (NYSE:WTTR - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 434,338 shares of the company's stock, valued at approximately $5,751,000. Penn Capital Management Company LLC owned about 0.36% of Select Water Solutions as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. First Trust Advisors LP increased its stake in Select Water Solutions by 21.9% during the 4th quarter. First Trust Advisors LP now owns 6,828,596 shares of the company's stock worth $90,411,000 after buying an additional 1,226,061 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of 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 worth $42,033,000 after acquiring an additional 355,271 shares during the last quarter. Webs Creek Capital Management LP increased its position in shares of Select Water Solutions by 5.4% during the fourth quarter. Webs Creek Capital Management LP now owns 2,354,742 shares of the company's stock worth $31,177,000 after purchasing an additional 120,966 shares in the last quarter. Geode Capital Management LLC raised its stake in Select Water Solutions by 7.9% in the 3rd 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 during the last quarter. Finally, Boston Partners lifted its holdings in Select Water Solutions by 4.3% in the 4th quarter. Boston Partners now owns 2,000,352 shares of the company's stock valued at $26,647,000 after purchasing an additional 81,746 shares in the last quarter. 81.73% of the stock is owned by hedge funds and other institutional investors.

Select Water Solutions Price Performance

Shares of WTTR stock traded down $0.03 during trading hours on Friday, reaching $8.83. The company had a trading volume of 559,095 shares, compared to its average volume of 1,098,288. Select Water Solutions, Inc. has a 12-month low of $7.58 and a 12-month high of $15.14. The company has a market capitalization of $1.05 billion, a price-to-earnings ratio of 29.43 and a beta of 1.51. 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 stock has a fifty day moving average of $9.88 and a 200-day moving average of $11.99.

Select Water Solutions (NYSE:WTTR - Get Free Report) last posted its quarterly earnings results on Tuesday, February 18th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.13 by ($0.14). The company had revenue of $349.05 million for the quarter, compared to analysts' expectations of $333.62 million. Select Water Solutions had a return on equity of 3.48% and a net margin of 2.11%. On average, equities analysts anticipate that Select Water Solutions, Inc. will post 0.91 earnings per share for the current year.

Select Water Solutions Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Tuesday, May 6th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Tuesday, May 6th. This represents a $0.28 annualized dividend and a dividend yield of 3.17%. Select Water Solutions's dividend payout ratio (DPR) is 93.33%.

Wall Street Analysts Forecast Growth

Separately, Citigroup upped 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.

Insider Transactions at Select Water Solutions

In related news, CEO John Schmitz sold 73,450 shares of the firm's stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $13.03, for a total transaction of $957,053.50. Following the completion of the sale, the chief executive officer now directly owns 2,825,128 shares of the company's stock, valued at approximately $36,811,417.84. This trade represents a 2.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 8.40% of the company's stock.

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.