Pier 88 Investment Partners LLC Makes New Investment in Select Water Solutions, Inc. (NYSE:WTTR)

Pier 88 Investment Partners LLC bought 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 Form 13F filing with the Securities & Exchange Commission. The fund bought 46,470 shares of the company's stock, valued at approximately $615,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Parkside Financial Bank & Trust grew its holdings in shares of 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. SkyView Investment Advisors LLC grew its stake in shares of Select Water Solutions by 1.8% during the third 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 grew its stake in shares of Select Water Solutions by 6.2% during the fourth quarter. Inspire Advisors LLC now owns 20,751 shares of the company's stock worth $275,000 after buying an additional 1,216 shares during the last quarter. Swiss National Bank increased its holdings in shares of Select Water Solutions by 0.8% during the fourth quarter. Swiss National Bank now owns 181,900 shares of the company's stock worth $2,408,000 after buying an additional 1,400 shares in the last quarter. Finally, Lane Generational LLC lifted its stake in shares of Select Water Solutions by 0.5% in the 4th 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 during the last quarter. Institutional investors own 81.73% of the company's stock.

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Insider Activity at Select Water Solutions

In other news, CEO John Schmitz sold 26,550 shares of the company's stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $13.16, for a total value of $349,398.00. Following the sale, the chief executive officer now directly owns 2,898,578 shares of the company's stock, valued at approximately $38,145,286.48. This represents a 0.91 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 8.40% of the stock is currently owned by company insiders.

Select Water Solutions Trading Up 2.3 %

NYSE WTTR traded up $0.24 on Wednesday, hitting $10.83. The company's stock had a trading volume of 1,073,520 shares, compared to its average volume of 1,055,282. The company's 50-day moving average is $11.70 and its 200 day moving average is $12.37. The firm has a market cap of $1.29 billion, a PE ratio of 36.10 and a beta of 1.77. Select Water Solutions, Inc. has a 1-year low of $8.60 and a 1-year high of $15.14. 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 (NYSE:WTTR - Get Free Report) 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). 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, analysts predict that Select Water Solutions, Inc. will post 0.91 earnings per share 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. Investors of record on Tuesday, February 4th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date was Tuesday, February 4th. Select Water Solutions's dividend payout ratio is currently 93.33%.

Analyst Ratings Changes

Separately, Citigroup boosted their price objective on Select Water Solutions from $14.00 to $18.00 and gave the stock a "buy" rating in a research report 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.