Ranger Investment Management L.P. Acquires Shares of 350,305 Select Water Solutions, Inc. (NYSE:WTTR)

Ranger Investment Management L.P. purchased a new stake in Select Water Solutions, Inc. (NYSE:WTTR - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 350,305 shares of the company's stock, valued at approximately $4,638,000. Ranger Investment Management L.P. owned 0.29% of Select Water Solutions as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in WTTR. The Manufacturers Life Insurance Company grew its position in shares of Select Water Solutions by 42.3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 49,676 shares of the company's stock worth $553,000 after purchasing an additional 14,777 shares in the last quarter. Barclays PLC raised its holdings in Select Water Solutions by 319.3% in the 3rd quarter. Barclays PLC now owns 140,648 shares of the company's stock valued at $1,565,000 after acquiring an additional 107,107 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Select Water Solutions by 7.9% during the 3rd quarter. Geode Capital Management LLC now owns 2,127,370 shares of the company's stock worth $23,683,000 after purchasing an additional 155,091 shares in the last quarter. SkyView Investment Advisors LLC raised its stake in Select Water Solutions by 1.8% in the third quarter. SkyView Investment Advisors LLC now owns 61,105 shares of the company's stock valued at $680,000 after purchasing an additional 1,073 shares in the last quarter. Finally, Principal Financial Group Inc. bought a new stake in Select Water Solutions during the third quarter worth about $483,000. Institutional investors own 81.73% of the company's stock.

Analyst Upgrades and Downgrades

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

Select Water Solutions Stock Up 0.2 %

Select Water Solutions stock traded up $0.02 during trading on Monday, hitting $8.09. 421,781 shares of the company were exchanged, compared to its average volume of 1,092,862. The business's 50 day moving average is $10.77 and its 200 day moving average is $12.18. The company has a market capitalization of $965.04 million, a P/E ratio of 26.97 and a beta of 1.51. The company has a current ratio of 1.65, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09. Select Water Solutions, Inc. has a 52 week low of $7.58 and a 52 week high of $15.14.

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

Select Water Solutions Announces Dividend

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 dividend of $0.07 per share. The ex-dividend date of this dividend was Tuesday, February 4th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.46%. Select Water Solutions's payout ratio is 93.33%.

Insider Activity

In other Select Water Solutions news, CEO John Schmitz sold 73,450 shares of Select Water Solutions stock in a transaction that occurred on Friday, February 14th. The shares were 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 in the company, valued at $36,811,417.84. The trade was a 2.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 8.40% of the stock is owned by company insiders.

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.