Assenagon Asset Management S.A. Sells 187,377 Shares of Select Water Solutions, Inc. (NYSE:WTTR)

Assenagon Asset Management S.A. lessened its position in Select Water Solutions, Inc. (NYSE:WTTR - Free Report) by 60.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 122,837 shares of the company's stock after selling 187,377 shares during the quarter. Assenagon Asset Management S.A. owned about 0.10% of Select Water Solutions worth $932,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD grew its position in shares of Select Water Solutions by 10.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,218 shares of the company's stock worth $113,000 after buying an additional 1,143 shares during the period. SkyView Investment Advisors LLC grew its position in shares of Select Water Solutions by 3.1% during the 3rd quarter. SkyView Investment Advisors LLC now owns 52,364 shares of the company's stock worth $416,000 after buying an additional 1,591 shares during the period. American International Group Inc. grew its position in shares of Select Water Solutions by 5.5% during the 2nd quarter. American International Group Inc. now owns 33,421 shares of the company's stock worth $228,000 after buying an additional 1,744 shares during the period. KB Financial Partners LLC grew its position in shares of Select Water Solutions by 4.2% during the 2nd quarter. KB Financial Partners LLC now owns 46,335 shares of the company's stock worth $375,000 after buying an additional 1,854 shares during the period. Finally, Royal Bank of Canada grew its position in shares of Select Water Solutions by 20.1% during the 2nd quarter. Royal Bank of Canada now owns 11,692 shares of the company's stock worth $95,000 after buying an additional 1,955 shares during the period. Institutional investors own 81.73% of the company's stock.

Insider Activity at Select Water Solutions

In related news, CAO Brian Szymanski sold 6,422 shares of the business's stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $8.60, for a total value of $55,229.20. Following the completion of the transaction, the chief accounting officer now directly owns 95,936 shares in the company, valued at approximately $825,049.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Select Water Solutions news, CAO Brian Szymanski sold 6,422 shares of the business's stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $8.60, for a total value of $55,229.20. Following the sale, the chief accounting officer now owns 95,936 shares in the company, valued at approximately $825,049.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Christopher Kile George sold 23,000 shares of the business's stock in a transaction that occurred 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 disclosure for this sale can be found here. In the last three months, insiders sold 46,511 shares of company stock worth $398,053. 8.40% of the stock is owned by company insiders.

Select Water Solutions Price Performance

Shares of Select Water Solutions stock traded up $0.19 during trading on Friday, hitting $9.52. 1,403,236 shares of the company were exchanged, compared to its average volume of 1,455,632. The firm has a market capitalization of $1.12 billion, a P/E ratio of 13.04 and a beta of 1.66. Select Water Solutions, Inc. has a 1-year low of $6.78 and a 1-year high of $9.74. The firm's fifty day moving average price is $8.48 and its 200 day moving average price is $7.82.

Select Water Solutions (NYSE:WTTR - Get Free Report) last posted its 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. Select Water Solutions had a return on equity of 8.46% and a net margin of 4.69%. The company had revenue of $374.90 million during the quarter, compared to analyst estimates of $378.12 million. During the same period in the previous year, the company earned $0.07 EPS. The company's revenue for the quarter was down 1.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Select Water Solutions, Inc. will post 0.73 earnings per share for the current year.

Select Water Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 20th. Investors of record on Wednesday, February 7th were given a $0.06 dividend. The ex-dividend date of this dividend was Tuesday, February 6th. This represents a $0.24 annualized dividend and a dividend yield of 2.52%. Select Water Solutions's dividend payout ratio is presently 32.88%.

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.