Select Water Solutions (NYSE:WTTR) Hits New 52-Week High at $9.41

Select Water Solutions, Inc. (NYSE:WTTR - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $9.41 and last traded at $9.39, with a volume of 48799 shares traded. The stock had previously closed at $9.24.

Select Water Solutions Stock Performance

The firm's fifty day simple moving average is $8.37 and its 200-day simple moving average is $7.79. The stock has a market cap of $1.10 billion, a P/E ratio of 12.74 and a beta of 1.66.

Select Water Solutions (NYSE:WTTR - Get Free Report) last released its quarterly earnings results on Tuesday, February 20th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.11. The firm had revenue of $374.90 million during the quarter, compared to analyst estimates of $378.12 million. Select Water Solutions had a net margin of 4.69% and a return on equity of 8.46%. The company's revenue was down 1.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.07 EPS. Analysts predict that Select Water Solutions, Inc. will post 0.73 earnings per share for the current fiscal year.

Select Water Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 20th. Stockholders of record on Wednesday, February 7th were paid a $0.06 dividend. The ex-dividend date was Tuesday, February 6th. This represents a $0.24 annualized dividend and a dividend yield of 2.58%. Select Water Solutions's dividend payout ratio is currently 32.88%.

Insider Activity

In other news, SVP Christopher Kile George sold 23,000 shares of Select Water Solutions stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $8.63, for a total value of $198,490.00. Following the completion of the sale, the senior vice president now owns 255,587 shares in the company, valued at approximately $2,205,715.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Select Water Solutions news, CAO Brian Szymanski sold 6,422 shares of the business's stock in a transaction on Monday, February 26th. The shares were sold at an average price of $8.60, for a total transaction of $55,229.20. Following the completion of the sale, the chief accounting officer now owns 95,936 shares in the company, valued at approximately $825,049.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Christopher Kile George sold 23,000 shares of the business's stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $8.63, for a total transaction of $198,490.00. Following the sale, the senior vice president now owns 255,587 shares of the company's stock, valued at approximately $2,205,715.81. The disclosure for this sale can be found here. Insiders sold 46,511 shares of company stock worth $398,053 in the last quarter. 8.40% of the stock is owned by corporate insiders.

Institutional Trading of Select Water Solutions

A number of hedge funds and other institutional investors have recently bought and sold shares of WTTR. North Star Investment Management Corp. bought a new stake in shares of Select Water Solutions in the 4th quarter worth $918,000. Invesco Ltd. boosted its position in Select Water Solutions by 18.2% during the third quarter. Invesco Ltd. now owns 865,323 shares of the company's stock worth $6,879,000 after purchasing an additional 133,416 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Select Water Solutions by 113.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 946,646 shares of the company's stock worth $7,526,000 after buying an additional 503,780 shares in the last quarter. Gendell Jeffrey L lifted its holdings in shares of Select Water Solutions by 12.1% in the third quarter. Gendell Jeffrey L now owns 1,121,189 shares of the company's stock worth $8,913,000 after buying an additional 121,199 shares in the last quarter. Finally, Meros Investment Management LP lifted its holdings in shares of Select Water Solutions by 31.7% in the third quarter. Meros Investment Management LP now owns 732,118 shares of the company's stock worth $5,820,000 after buying an additional 176,102 shares in the last quarter. Institutional investors own 81.73% of the company's stock.

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.