Corigliano Investment Advisers LLC Takes Position in Select Water Solutions, Inc. (NYSE:WTTR)

Corigliano Investment Advisers LLC purchased a new position in shares of Select Water Solutions, Inc. (NYSE:WTTR - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 424,754 shares of the company's stock, valued at approximately $5,624,000. Select Water Solutions comprises about 2.7% of Corigliano Investment Advisers LLC's holdings, making the stock its 18th largest holding. Corigliano Investment Advisers LLC owned approximately 0.36% of Select Water Solutions as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in WTTR. Tower Research Capital LLC TRC raised its stake in Select Water Solutions by 128.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,711 shares of the company's stock valued at $36,000 after buying an additional 1,525 shares in the last quarter. Parkside Financial Bank & Trust increased its stake in Select Water Solutions by 24.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 5,044 shares of the company's stock valued at $67,000 after purchasing an additional 1,007 shares during the period. Amundi increased its stake in Select Water Solutions by 83.8% in the fourth quarter. Amundi now owns 9,010 shares of the company's stock valued at $119,000 after purchasing an additional 4,109 shares during the period. Summit Investment Advisors Inc. increased its stake in Select Water Solutions by 13.6% in the fourth quarter. Summit Investment Advisors Inc. now owns 9,545 shares of the company's stock valued at $126,000 after purchasing an additional 1,143 shares during the period. Finally, Atria Investments Inc acquired a new position in shares of Select Water Solutions during the fourth quarter worth about $134,000. Institutional investors and hedge funds own 81.73% of the company's stock.

Insider Activity at Select Water Solutions

In other news, CEO John Schmitz sold 73,450 shares of Select Water Solutions stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $13.03, for a total value 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 approximately $36,811,417.84. The trade was a 2.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 8.40% of the company's stock.

Select Water Solutions Trading Up 4.6%

Shares of Select Water Solutions stock traded up $0.38 during trading hours on Monday, hitting $8.68. The company's stock had a trading volume of 587,923 shares, compared to its average volume of 1,105,930. Select Water Solutions, Inc. has a 1-year low of $7.20 and a 1-year high of $15.14. The business has a fifty day moving average of $9.15 and a 200 day moving average of $11.80. The company has a market capitalization of $1.04 billion, a PE ratio of 28.90 and a beta of 1.28. 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 (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, topping the consensus estimate of $0.07 by $0.01. The company had revenue of $374.38 million during the quarter, compared to analyst estimates of $360.78 million. Select Water Solutions had a net margin of 2.11% and a return on equity of 3.48%. The business's quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.04 earnings per share. As a group, equities analysts forecast that Select Water Solutions, Inc. will post 0.91 EPS for the current year.

Select Water Solutions Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Tuesday, May 6th will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date of this dividend is Tuesday, May 6th. Select Water Solutions's payout ratio is 82.35%.

Wall Street Analyst Weigh In

Separately, Raymond James lowered 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 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.