Emerald Advisers LLC Buys Shares of 49,148 Select Water Solutions, Inc. (NYSE:WTTR)

Emerald Advisers LLC purchased a new position in shares of Select Water Solutions, Inc. (NYSE:WTTR - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 49,148 shares of the company's stock, valued at approximately $516,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. First Trust Advisors LP increased its position in shares of Select Water Solutions by 21.9% in the 4th quarter. First Trust Advisors LP now owns 6,828,596 shares of the company's stock worth $90,411,000 after purchasing an additional 1,226,061 shares during the last quarter. American Century Companies Inc. raised its stake in Select Water Solutions by 12.6% during the fourth quarter. American Century Companies Inc. now owns 3,174,675 shares of the company's stock valued at $42,033,000 after buying an additional 355,271 shares in the last quarter. Webs Creek Capital Management LP raised its position in shares of Select Water Solutions by 5.4% during the 4th quarter. Webs Creek Capital Management LP now owns 2,354,742 shares of the company's stock valued at $31,177,000 after acquiring an additional 120,966 shares in the last quarter. Boston Partners raised its position in shares of Select Water Solutions by 4.3% during the 4th quarter. Boston Partners now owns 2,000,352 shares of the company's stock valued at $26,647,000 after acquiring an additional 81,746 shares in the last quarter. Finally, Royce & Associates LP boosted its holdings in Select Water Solutions by 3.9% in the fourth quarter. Royce & Associates LP now owns 1,748,011 shares of the company's stock worth $23,144,000 after purchasing an additional 65,598 shares during the period. Institutional investors own 81.73% of the company's stock.

Select Water Solutions Price Performance

Shares of WTTR opened at $9.60 on Monday. The firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of 28.24 and a beta of 1.20. The stock's fifty day moving average is $8.71 and its 200-day moving average is $10.36. Select Water Solutions, Inc. has a one year low of $7.20 and a one year high of $15.14. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.67 and a current ratio of 1.83.

Select Water Solutions (NYSE:WTTR - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.08 EPS for the quarter, topping analysts' consensus estimates of $0.07 by $0.01. The company had revenue of $374.38 million for the quarter, compared to the consensus estimate of $360.78 million. Select Water Solutions had a return on equity of 3.96% and a net margin of 2.42%. The company's quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.04 EPS. Equities analysts anticipate that Select Water Solutions, Inc. will post 0.91 EPS for the current year.

Select Water Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Tuesday, May 6th were issued a $0.07 dividend. The ex-dividend date was Tuesday, May 6th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.92%. Select Water Solutions's payout ratio is currently 82.35%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Raymond James Financial lowered their price objective on shares of Select Water Solutions from $19.00 to $16.00 and set a "strong-buy" rating for the company in a research report on Friday, May 9th. Citigroup dropped their price target on Select Water Solutions from $18.00 to $14.00 and set a "buy" rating on the stock in a research report on Tuesday, May 13th.

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.

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