Select Water Solutions, Inc. (NYSE:WTTR) Shares Bought by Bridgeway Capital Management LLC

Bridgeway Capital Management LLC boosted its position in Select Water Solutions, Inc. (NYSE:WTTR - Free Report) by 12.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,071,701 shares of the company's stock after purchasing an additional 116,020 shares during the period. Bridgeway Capital Management LLC owned about 0.90% of Select Water Solutions worth $14,189,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Parkside Financial Bank & Trust boosted its position in Select Water Solutions by 24.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 5,044 shares of the company's stock worth $67,000 after acquiring an additional 1,007 shares during the last quarter. Summit Investment Advisors Inc. boosted its holdings in shares of Select Water Solutions by 13.6% during the fourth quarter. Summit Investment Advisors Inc. now owns 9,545 shares of the company's stock worth $126,000 after purchasing an additional 1,143 shares during the last quarter. Inspire Advisors LLC grew its position in shares of Select Water Solutions by 6.2% in the fourth quarter. Inspire Advisors LLC now owns 20,751 shares of the company's stock valued at $275,000 after purchasing an additional 1,216 shares during the period. Swiss National Bank increased its stake in Select Water Solutions by 0.8% in the fourth quarter. Swiss National Bank now owns 181,900 shares of the company's stock valued at $2,408,000 after purchasing an additional 1,400 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its position in Select Water Solutions by 128.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,711 shares of the company's stock worth $36,000 after buying an additional 1,525 shares during the period. Institutional investors and hedge funds 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, hitting $8.25. The company had a trading volume of 1,749,306 shares, compared to its average volume of 1,106,112. The business has a fifty day simple moving average of $9.15 and a 200-day simple moving average of $11.79. The firm has a market capitalization of $984.13 million, a price-to-earnings ratio of 27.50 and a beta of 1.28. Select Water Solutions, Inc. has a 1 year low of $7.20 and a 1 year high of $15.14. 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 (NYSE:WTTR - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.01. The company had revenue of $374.38 million during the quarter, compared to the consensus estimate of $360.78 million. Select Water Solutions had a return on equity of 3.48% and a net margin of 2.11%. The company's 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 analysts forecast that Select Water Solutions, Inc. will post 0.91 earnings per share for the current fiscal year.

Select Water Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Tuesday, May 6th will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend 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 82.35%.

Analyst Upgrades and Downgrades

Several research firms have commented on WTTR. Citigroup lifted their price target on Select Water Solutions from $14.00 to $18.00 and gave the company a "buy" rating in a report on Friday, January 10th. Raymond James cut their price target on shares of Select Water Solutions from $19.00 to $16.00 and set a "strong-buy" rating on the stock in a report on Friday.

Insider Buying and Selling

In other Select Water Solutions news, CEO John Schmitz sold 73,450 shares of the business's stock in a transaction dated 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 transaction, the chief executive officer now directly owns 2,825,128 shares of the company's stock, valued at $36,811,417.84. The trade was a 2.53 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 8.40% of the company's stock.

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.