549,376 Shares in Select Water Solutions, Inc. (NYSE:WTTR) Bought by Hood River Capital Management LLC

Hood River Capital Management LLC purchased a new stake in Select Water Solutions, Inc. (NYSE:WTTR - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 549,376 shares of the company's stock, valued at approximately $7,274,000. Hood River Capital Management LLC owned 0.46% of Select Water Solutions as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of WTTR. First Trust Advisors LP increased its position in Select Water Solutions by 21.9% in the 4th quarter. First Trust Advisors LP now owns 6,828,596 shares of the company's stock valued at $90,411,000 after acquiring an additional 1,226,061 shares during the period. Van ECK Associates Corp boosted its stake in Select Water Solutions by 27.4% during the 4th quarter. Van ECK Associates Corp now owns 1,998,193 shares of the company's stock valued at $26,456,000 after purchasing an additional 430,363 shares in the last quarter. Segall Bryant & Hamill LLC bought a new position in Select Water Solutions during the 4th quarter valued at $5,346,000. Arrowstreet Capital Limited Partnership boosted its stake in Select Water Solutions by 254.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 524,354 shares of the company's stock valued at $6,942,000 after purchasing an additional 376,218 shares in the last quarter. Finally, Great Lakes Advisors LLC bought a new stake in shares of Select Water Solutions during the 4th quarter worth $4,913,000. 81.73% of the stock is owned by institutional investors and hedge funds.

Select Water Solutions Price Performance

Shares of WTTR traded down $0.13 during trading hours on Tuesday, hitting $8.77. 278,947 shares of the company were exchanged, compared to its average volume of 1,093,938. The company has a market capitalization of $1.05 billion, a PE ratio of 29.22 and a beta of 1.51. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.65 and a quick ratio of 1.62. The firm has a fifty day simple moving average of $9.81 and a 200-day simple moving average of $11.97. Select Water Solutions, Inc. has a one year low of $7.58 and a one year high of $15.14.

Select Water Solutions (NYSE:WTTR - Get Free Report) last issued its earnings results on Tuesday, February 18th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.13 by ($0.14). The business had revenue of $349.05 million during the quarter, compared to analyst estimates of $333.62 million. Select Water Solutions had a return on equity of 3.48% and a net margin of 2.11%. As a group, 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 firm also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Tuesday, May 6th will be given a $0.07 dividend. The ex-dividend date of this dividend is Tuesday, May 6th. This represents a $0.28 annualized dividend and a dividend yield of 3.19%. Select Water Solutions's dividend payout ratio (DPR) is presently 93.33%.

Insider Transactions at Select Water Solutions

In related news, CEO John Schmitz sold 26,550 shares of the stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $13.16, for a total transaction of $349,398.00. Following the completion of the sale, the chief executive officer now directly owns 2,898,578 shares in the company, valued at approximately $38,145,286.48. This trade represents a 0.91 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 8.40% of the stock is currently owned by insiders.

Analyst Ratings Changes

Separately, Citigroup raised their price objective on Select Water Solutions from $14.00 to $18.00 and gave the stock a "buy" rating in a research note on Friday, January 10th.

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.