Verition Fund Management LLC Sells 81,206 Shares of Select Water Solutions, Inc. (NYSE:WTTR)

Verition Fund Management LLC lowered its holdings in shares of Select Water Solutions, Inc. (NYSE:WTTR - Free Report) by 87.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 12,005 shares of the company's stock after selling 81,206 shares during the period. Verition Fund Management LLC's holdings in Select Water Solutions were worth $134,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its position in shares of Select Water Solutions by 3.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,569,379 shares of the company's stock worth $70,291,000 after purchasing an additional 214,915 shares during the period. Victory Capital Management Inc. raised its stake in Select Water Solutions by 1.3% during the third quarter. Victory Capital Management Inc. now owns 3,818,016 shares of the company's stock worth $42,495,000 after buying an additional 47,511 shares during the last quarter. FMR LLC lifted its holdings in Select Water Solutions by 51.9% in the third quarter. FMR LLC now owns 3,728,787 shares of the company's stock valued at $41,501,000 after buying an additional 1,274,600 shares during the period. American Century Companies Inc. boosted its position in Select Water Solutions by 87.3% during the second quarter. American Century Companies Inc. now owns 1,910,065 shares of the company's stock valued at $20,438,000 after acquiring an additional 890,470 shares during the last quarter. Finally, Royce & Associates LP grew its holdings in Select Water Solutions by 1.9% during the 3rd quarter. Royce & Associates LP now owns 1,682,413 shares of the company's stock worth $18,725,000 after acquiring an additional 31,192 shares during the period. Institutional investors and hedge funds own 81.73% of the company's stock.

Select Water Solutions Stock Down 0.8 %

Select Water Solutions stock traded down $0.11 during midday trading on Tuesday, reaching $13.54. The stock had a trading volume of 1,049,919 shares, compared to its average volume of 1,016,551. The company has a fifty day moving average price of $12.86 and a two-hundred day moving average price of $11.58. Select Water Solutions, Inc. has a 12 month low of $6.99 and a 12 month high of $15.14. The company has a current ratio of 1.78, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $1.62 billion, a P/E ratio of 22.95 and a beta of 1.76.

Select Water Solutions (NYSE:WTTR - Get Free Report) last posted its earnings results on Tuesday, November 5th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.14 by $0.01. The company had revenue of $371.35 million during the quarter, compared to the consensus estimate of $352.98 million. Select Water Solutions had a net margin of 4.05% and a return on equity of 6.65%. The firm's revenue for the quarter was down 4.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.14 earnings per share. As a group, equities analysts expect that Select Water Solutions, Inc. will post 0.4 EPS for the current fiscal year.

Select Water Solutions Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Tuesday, November 5th were given a dividend of $0.07 per share. This is a boost from Select Water Solutions's previous quarterly dividend of $0.06. The ex-dividend date was Tuesday, November 5th. This represents a $0.28 annualized dividend and a dividend yield of 2.07%. Select Water Solutions's payout ratio is presently 47.46%.

Analyst Upgrades and Downgrades

WTTR has been the topic of a number of recent analyst reports. Northland Capmk raised Select Water Solutions from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 22nd. Northland Securities upgraded Select Water Solutions from a "market perform" rating to an "outperform" rating and increased their price target for the stock from $11.50 to $14.50 in a report on Thursday, August 22nd.

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.