GAMMA Investing LLC Raises Stock Holdings in Select Water Solutions, Inc. (NYSE:WTTR)

GAMMA Investing LLC boosted its stake in shares of Select Water Solutions, Inc. (NYSE:WTTR - Free Report) by 766.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,015 shares of the company's stock after buying an additional 31,860 shares during the period. GAMMA Investing LLC's holdings in Select Water Solutions were worth $378,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Parkside Financial Bank & Trust lifted its holdings in Select Water Solutions by 24.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 5,044 shares of the company's stock worth $67,000 after buying an additional 1,007 shares during the period. Summit Investment Advisors Inc. lifted its holdings 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 worth $126,000 after buying an additional 1,143 shares during the period. Inspire Advisors LLC lifted its holdings in Select Water Solutions by 6.2% during the fourth quarter. Inspire Advisors LLC now owns 20,751 shares of the company's stock worth $275,000 after buying an additional 1,216 shares during the period. Swiss National Bank lifted its holdings in Select Water Solutions by 0.8% during the fourth quarter. Swiss National Bank now owns 181,900 shares of the company's stock worth $2,408,000 after buying an additional 1,400 shares during the period. Finally, Tower Research Capital LLC TRC lifted its holdings 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 buying an additional 1,525 shares during the period. Hedge funds and other institutional investors own 81.73% of the company's stock.

Wall Street Analyst Weigh In

WTTR has been the subject of several analyst reports. Citigroup decreased their price objective on Select Water Solutions from $18.00 to $14.00 and set a "buy" rating for the company in a report on Tuesday, May 13th. Raymond James Financial decreased their price objective on Select Water Solutions from $19.00 to $16.00 and set a "strong-buy" rating for the company in a report on Friday, May 9th.

Select Water Solutions Stock Down 0.6%

Shares of WTTR traded down $0.06 during midday trading on Friday, hitting $9.24. 1,584,845 shares of the company's stock traded hands, compared to its average volume of 1,077,830. Select Water Solutions, Inc. has a 1 year low of $7.20 and a 1 year high of $15.14. The firm's fifty day moving average is $8.55 and its 200-day moving average is $10.84. The company has a current ratio of 1.83, a quick ratio of 1.67 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of 27.16 and a beta of 1.19.

Select Water Solutions (NYSE:WTTR - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.08 EPS for the quarter, beating the consensus estimate 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 business's revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.04 EPS. As a group, sell-side analysts anticipate that Select Water Solutions, Inc. will post 0.91 earnings per share for the current year.

Select Water Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Tuesday, May 6th were paid a $0.07 dividend. The ex-dividend date of this dividend was Tuesday, May 6th. This represents a $0.28 dividend on an annualized basis and a yield of 3.03%. Select Water Solutions's dividend payout ratio (DPR) is 82.35%.

About Select Water Solutions

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.