EntryPoint Capital LLC Purchases Shares of 41,561 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 Select Water Solutions, Inc. (NYSE:WTTR - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 41,561 shares of the company's stock, valued at approximately $436,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC increased its stake in Select Water Solutions by 128.6% in the 4th 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 during the last quarter. Summit Investment Advisors Inc. increased its stake in Select Water Solutions by 13.6% in the 4th 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 last quarter. Cetera Investment Advisers acquired a new stake in Select Water Solutions in the 4th quarter valued at $134,000. Apollon Wealth Management LLC acquired a new stake in Select Water Solutions in the 1st quarter valued at $113,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in shares of Select Water Solutions during the 4th quarter worth about $154,000. 81.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Citigroup lowered 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 note on Tuesday, May 13th. 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 on the stock in a research note on Friday, May 9th. Finally, Piper Sandler assumed coverage on shares of Select Water Solutions in a research note on Tuesday, July 15th. They set an "overweight" rating and a $15.00 price objective on the stock. Two equities research analysts have rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company's stock. According to data from MarketBeat, Select Water Solutions has an average rating of "Buy" and a consensus target price of $14.88.

Select Water Solutions Stock Performance

Shares of WTTR stock opened at $7.9470 on Thursday. The company has a market capitalization of $963.73 million, a price-to-earnings ratio of 25.64 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. The company has a 50-day simple moving average of $9.05 and a 200 day simple moving average of $9.52. 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 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.03). The company had revenue of $364.22 million for the quarter, compared to the consensus estimate of $362.93 million. Select Water Solutions had a return on equity of 3.69% and a net margin of 2.26%.The business's quarterly revenue was down .3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.13 EPS. On average, sell-side analysts predict that Select Water Solutions, Inc. will post 0.91 earnings per share for the current year.

Select Water Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Tuesday, August 5th were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Tuesday, August 5th. This represents a $0.28 annualized dividend and a dividend yield of 3.5%. Select Water Solutions's payout ratio is presently 90.32%.

Select Water Solutions 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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