North Star Investment Management Corp. Buys 45,000 Shares of Select Water Solutions, Inc. (NYSE:WTTR)

North Star Investment Management Corp. grew its stake in Select Water Solutions, Inc. (NYSE:WTTR - Free Report) by 37.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 166,000 shares of the company's stock after acquiring an additional 45,000 shares during the period. North Star Investment Management Corp. owned 0.14% of Select Water Solutions worth $1,743,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of WTTR. Parkside Financial Bank & Trust lifted its stake in shares of Select Water Solutions by 24.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 5,044 shares of the company's stock valued at $67,000 after acquiring an additional 1,007 shares during the period. Summit Investment Advisors Inc. lifted its position in Select Water Solutions by 13.6% during the 4th quarter. Summit Investment Advisors Inc. now owns 9,545 shares of the company's stock valued at $126,000 after purchasing an additional 1,143 shares during the period. Inspire Advisors LLC lifted its position in Select Water Solutions by 6.2% during the 4th quarter. Inspire Advisors LLC now owns 20,751 shares of the company's stock valued at $275,000 after purchasing an additional 1,216 shares during the period. Swiss National Bank boosted its stake in shares of Select Water Solutions by 0.8% in the 4th quarter. Swiss National Bank now owns 181,900 shares of the company's stock valued at $2,408,000 after purchasing an additional 1,400 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its position in shares of Select Water Solutions by 128.6% during the 4th 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. 81.73% of the stock is owned by institutional investors.

Select Water Solutions Stock Performance

Shares of NYSE:WTTR opened at $9.13 on Monday. The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of 30.42 and a beta of 1.19. The firm's 50 day simple moving average is $8.45 and its 200 day simple moving average is $11.01. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.65 and a quick ratio of 1.62. Select Water Solutions, Inc. has a fifty-two week low of $7.20 and a fifty-two week high of $15.14.

Select Water Solutions (NYSE:WTTR - Get Free Report) last issued its earnings results 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 the consensus estimate of $360.78 million. Select Water Solutions had a net margin of 2.11% and a return on equity of 3.48%. The business's quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.04 earnings per share. As a group, sell-side analysts forecast that Select Water Solutions, Inc. will post 0.91 earnings per share for the current year.

Select Water Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Tuesday, May 6th were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 3.07%. The ex-dividend date was Tuesday, May 6th. Select Water Solutions's payout ratio is presently 82.35%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on WTTR shares. 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 report on Tuesday, May 13th. Raymond James cut their price target on 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.

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.

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