U S Global Investors Inc. Cuts Stock Position in Select Water Solutions, Inc. (NYSE:WTTR)

U S Global Investors Inc. decreased its stake in shares of Select Water Solutions, Inc. (NYSE:WTTR) by 25.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,000 shares of the company’s stock after selling 10,000 shares during the quarter. U S Global Investors Inc.’s holdings in Select Water Solutions were worth $397,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Victory Capital Management Inc. increased its stake in Select Water Solutions by 1.3% during the 3rd quarter. Victory Capital Management Inc. now owns 3,818,016 shares of the company’s stock valued at $42,495,000 after purchasing an additional 47,511 shares in the last quarter. FMR LLC increased its position in shares of Select Water Solutions by 51.9% during the third quarter. FMR LLC now owns 3,728,787 shares of the company’s stock valued at $41,501,000 after acquiring an additional 1,274,600 shares in the last quarter. Geode Capital Management LLC raised its holdings 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 worth $23,683,000 after acquiring an additional 155,091 shares during the last quarter. Van ECK Associates Corp increased its holdings in shares of Select Water Solutions by 27.4% in the 4th quarter. Van ECK Associates Corp now owns 1,998,193 shares of the company’s stock worth $26,456,000 after purchasing an additional 430,363 shares in the last quarter. Finally, Royce & Associates LP lifted its holdings in shares of Select Water Solutions by 1.9% during the third quarter. Royce & Associates LP now owns 1,682,413 shares of the company’s stock valued at $18,725,000 after purchasing an additional 31,192 shares in the last quarter. 81.73% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Citigroup boosted their target price 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.

Insider Activity

In other news, CEO John Schmitz sold 26,550 shares of Select Water Solutions stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $13.16, for a total transaction of $349,398.00. Following the transaction, the chief executive officer now directly owns 2,898,578 shares of the company’s stock, valued at $38,145,286.48. The trade was a 0.91 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 8.10% of the company’s stock.

Select Water Solutions Stock Performance

WTTR stock opened at $12.00 on Friday. 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 1 year low of $8.12 and a 1 year high of $15.14. The company has a market cap of $1.43 billion, a P/E ratio of 39.98 and a beta of 1.73. The stock’s fifty day moving average price is $13.16 and its 200-day moving average price is $12.45.

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

Select Water Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Tuesday, February 4th were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 2.33%. The ex-dividend date of this dividend was Tuesday, February 4th. Select Water Solutions’s dividend payout ratio is presently 93.33%.

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.