Bridgeway Capital Management LLC Raises Stake in Select Water Solutions, Inc. (NYSE:WTTR)

Bridgeway Capital Management LLC lifted its holdings in Select Water Solutions, Inc. (NYSE:WTTR - Free Report) by 12.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,071,701 shares of the company's stock after acquiring an additional 116,020 shares during the period. Bridgeway Capital Management LLC owned 0.90% of Select Water Solutions worth $14,189,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of America Corp DE grew its stake in shares of Select Water Solutions by 29.5% during the fourth quarter. Bank of America Corp DE now owns 247,914 shares of the company's stock valued at $3,282,000 after buying an additional 56,478 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of Select Water Solutions by 1.7% during the fourth quarter. Ameriprise Financial Inc. now owns 143,508 shares of the company's stock worth $1,900,000 after purchasing an additional 2,365 shares during the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Select Water Solutions during the fourth quarter valued at $192,000. Northern Trust Corp grew its holdings in shares of Select Water Solutions by 11.1% in the fourth quarter. Northern Trust Corp now owns 866,760 shares of the company's stock worth $11,476,000 after purchasing an additional 86,274 shares during the last quarter. Finally, Penn Capital Management Company LLC purchased a new position in Select Water Solutions in the 4th quarter worth about $5,751,000. Hedge funds and other institutional investors own 81.73% of the company's stock.

Select Water Solutions Stock Up 6.9 %

NYSE:WTTR traded up $0.53 during mid-day trading on Friday, reaching $8.25. The company's stock had a trading volume of 1,749,306 shares, compared to its average volume of 1,107,932. 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, Inc. has a 1 year low of $7.20 and a 1 year high of $15.14. The stock has a fifty day moving average of $9.15 and a 200-day moving average of $11.79. The firm has a market capitalization of $984.13 million, a PE ratio of 27.50 and a beta of 1.28.

Select Water Solutions (NYSE:WTTR - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.07 by $0.01. The firm had revenue of $374.38 million for the quarter, compared to the consensus estimate of $360.78 million. Select Water Solutions had a net margin of 2.11% and a return on equity of 3.48%. The company's quarterly revenue was up 2.2% on a year-over-year basis. During the same period last year, the firm earned $0.04 earnings per share. Equities research analysts forecast that Select Water Solutions, Inc. will post 0.91 earnings per share for the current year.

Select Water Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Tuesday, May 6th will be paid a $0.07 dividend. The ex-dividend date is Tuesday, May 6th. This represents a $0.28 annualized dividend and a yield of 3.39%. Select Water Solutions's dividend payout ratio (DPR) is presently 82.35%.

Insider Buying and Selling at Select Water Solutions

In other Select Water Solutions news, CEO John Schmitz sold 26,550 shares of the firm's stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $13.16, for a total value of $349,398.00. Following the completion of the sale, the chief executive officer now owns 2,898,578 shares of the company's stock, valued at approximately $38,145,286.48. This trade represents a 0.91 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.40% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Separately, Raymond James reduced their target price on shares of Select Water Solutions from $19.00 to $16.00 and set a "strong-buy" rating on the stock in a research report on Friday.

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.