EntryPoint Capital LLC Invests $436,000 in Select Water Solutions, Inc. $WTTR

Key Points

• EntryPoint Capital LLC acquired 41,561 shares of Select Water Solutions, Inc., valued at approximately $436,000, during the first quarter of the year.
• Institutional investors collectively own about 81.73% of Select Water Solutions, indicating strong backing from larger financial entities.
• Recent analysts' ratings show a consensus target price of $14.88 for the stock, with some firms lowering their price objectives to $14.00 and $16.00.

EntryPoint Capital LLC purchased a new stake in shares of Select Water Solutions, Inc. (NYSE:WTTR - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 41,561 shares of the company's stock, valued at approximately $436,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. Summit Investment Advisors Inc. grew its position in Select Water Solutions by 13.6% during the fourth quarter. Summit Investment Advisors Inc. now owns 9,545 shares of the company's stock valued at $126,000 after buying an additional 1,143 shares during the period. Tower Research Capital LLC TRC boosted 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 purchasing an additional 1,525 shares during the period. CoreCommodity Management LLC boosted its position in Select Water Solutions by 1.6% during the fourth quarter. CoreCommodity Management LLC now owns 100,860 shares of the company's stock worth $1,335,000 after purchasing an additional 1,544 shares during the period. Principal Financial Group Inc. boosted its position in Select Water Solutions by 3.9% during the first quarter. Principal Financial Group Inc. now owns 48,603 shares of the company's stock worth $510,000 after purchasing an additional 1,822 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Select Water Solutions by 3.8% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 51,865 shares of the company's stock worth $687,000 after purchasing an additional 1,891 shares during the period. Institutional investors own 81.73% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on WTTR. Raymond James Financial cut their target price 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 cut their target price on shares of Select Water Solutions from $18.00 to $14.00 and set a "buy" rating for the company in a research report on Tuesday, May 13th. Finally, Piper Sandler began coverage on shares of Select Water Solutions in a research report on Tuesday, July 15th. They set an "overweight" rating and a $15.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. According to MarketBeat, Select Water Solutions currently has a consensus rating of "Buy" and a consensus price target of $15.00.

Select Water Solutions Price Performance

WTTR traded up $0.01 on Tuesday, reaching $8.32. The company had a trading volume of 123,490 shares, compared to its average volume of 1,226,637. The business has a 50 day simple moving average of $8.99 and a 200 day simple moving average of $9.37. The company has a market cap of $1.01 billion, a price-to-earnings ratio of 26.79 and a beta of 1.26. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.82 and a current ratio of 2.01. Select Water Solutions, Inc. has a 52-week low of $7.20 and a 52-week high of $15.14.

Select Water Solutions (NYSE:WTTR - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported $0.10 earnings per share for the quarter, missing analysts' consensus estimates of $0.13 by ($0.03). The company had revenue of $364.22 million during the quarter, compared to analysts' expectations of $362.93 million. Select Water Solutions had a net margin of 2.26% and a return on equity of 3.69%. The company's revenue for the quarter was down .3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.13 earnings per share. As a group, sell-side analysts anticipate that Select Water Solutions, Inc. will post 0.91 EPS for the current year.

Select Water Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Tuesday, August 5th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend was Tuesday, August 5th. Select Water Solutions's dividend payout ratio (DPR) is currently 90.32%.

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.