Dynamic Technology Lab Private Ltd Buys Shares of 45,300 Select Water Solutions, Inc. (NYSE:WTTR)

Dynamic Technology Lab Private Ltd acquired a new stake in shares of Select Water Solutions, Inc. (NYSE:WTTR - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 45,300 shares of the company's stock, valued at approximately $600,000.

A number of other hedge funds also recently added to or reduced their stakes in WTTR. Parkside Financial Bank & Trust raised its stake in shares of Select Water Solutions by 24.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 5,044 shares of the company's stock worth $67,000 after purchasing an additional 1,007 shares during the last quarter. SkyView Investment Advisors LLC raised its stake in shares of Select Water Solutions by 1.8% during the 3rd quarter. SkyView Investment Advisors LLC now owns 61,105 shares of the company's stock worth $680,000 after buying an additional 1,073 shares during the last quarter. Inspire Advisors LLC lifted its holdings in shares of Select Water Solutions by 6.2% in the fourth quarter. Inspire Advisors LLC now owns 20,751 shares of the company's stock valued at $275,000 after purchasing an additional 1,216 shares in the last quarter. Swiss National Bank lifted its stake in Select Water Solutions by 0.8% in the 4th quarter. Swiss National Bank now owns 181,900 shares of the company's stock valued at $2,408,000 after buying an additional 1,400 shares in the last quarter. Finally, Lane Generational LLC lifted its position in shares of Select Water Solutions by 0.5% in the fourth quarter. Lane Generational LLC now owns 314,929 shares of the company's stock valued at $4,170,000 after acquiring an additional 1,638 shares in the last quarter. 81.73% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO John Schmitz sold 73,450 shares of the stock in a transaction dated Friday, February 14th. The shares were 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 approximately $36,811,417.84. This trade represents a 2.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 8.40% of the company's stock.

Select Water Solutions Trading Up 0.8 %

WTTR stock traded up $0.07 during trading on Friday, reaching $8.07. 1,768,318 shares of the stock traded hands, compared to its average volume of 1,095,275. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.65 and a quick ratio of 1.62. Select Water Solutions, Inc. has a 52-week low of $7.58 and a 52-week high of $15.14. The firm has a market capitalization of $962.06 million, a PE ratio of 26.88 and a beta of 1.51. The business's 50 day moving average price is $10.77 and its 200-day moving average price is $12.18.

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

Select Water Solutions Dividend Announcement

The company also recently declared 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 3.47%. The ex-dividend date was Tuesday, February 4th. Select Water Solutions's dividend payout ratio (DPR) is 93.33%.

Analyst Ratings Changes

Separately, Citigroup raised their price objective on Select Water Solutions from $14.00 to $18.00 and gave the stock a "buy" rating in a report on Friday, January 10th.

About Select Water Solutions

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.