Emerald Advisers LLC Invests $516,000 in Select Water Solutions, Inc. (NYSE:WTTR)

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

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Tower Research Capital LLC TRC lifted its position in shares of 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 worth $36,000 after purchasing an additional 1,525 shares in the last quarter. Amundi lifted its position in shares of Select Water Solutions by 83.8% in the fourth quarter. Amundi now owns 9,010 shares of the company's stock worth $119,000 after purchasing an additional 4,109 shares in the last quarter. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Select Water Solutions in the first quarter worth approximately $123,000. Summit Investment Advisors Inc. lifted its position in shares of Select Water Solutions by 13.6% in 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 in the last quarter. Finally, Atria Investments Inc purchased a new stake in shares of Select Water Solutions in the fourth quarter worth approximately $134,000. Institutional investors own 81.73% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on WTTR shares. Raymond James Financial cut their price objective 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, May 9th. Citigroup cut their price objective on shares of 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. Finally, Piper Sandler started coverage on Select Water Solutions in a report on Tuesday. They set an "overweight" rating and a $15.00 price target on the stock. Three equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $14.88.

Select Water Solutions Price Performance

Shares of Select Water Solutions stock traded up $0.19 during trading on Thursday, reaching $9.44. The company's stock had a trading volume of 757,901 shares, compared to its average volume of 1,098,926. The stock has a 50-day moving average price of $8.83 and a two-hundred day moving average price of $10.30. The company has a current ratio of 1.83, a quick ratio of 1.67 and a debt-to-equity ratio of 0.27. Select Water Solutions, Inc. has a one year low of $7.20 and a one year high of $15.14. The stock has a market capitalization of $1.13 billion, a P/E ratio of 27.76 and a beta of 1.20.

Select Water Solutions (NYSE:WTTR - Get Free Report) last announced 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 firm had revenue of $374.38 million during the quarter, compared to analyst estimates 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 revenue was up 2.2% on a year-over-year basis. During the same period last year, the company earned $0.04 earnings per share. As a group, sell-side analysts anticipate that Select Water Solutions, Inc. will post 0.91 EPS for the current fiscal year.

Select Water Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Tuesday, May 6th were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 2.97%. The ex-dividend date of this dividend was Tuesday, May 6th. Select Water Solutions's dividend payout ratio (DPR) is presently 82.35%.

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.