Select Water Solutions, Inc. $WTTR Shares Acquired by Ranger Investment Management L.P.

Ranger Investment Management L.P. raised its stake in Select Water Solutions, Inc. (NYSE:WTTR) by 21.0% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 454,290 shares of the company’s stock after buying an additional 78,765 shares during the quarter. Ranger Investment Management L.P. owned approximately 0.37% of Select Water Solutions worth $4,856,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Deprince Race & Zollo Inc. increased its holdings in shares of Select Water Solutions by 1,334.5% during the third quarter. Deprince Race & Zollo Inc. now owns 3,783,865 shares of the company’s stock valued at $40,450,000 after purchasing an additional 3,520,091 shares during the period. Millennium Management LLC grew its position in Select Water Solutions by 466.8% in the 1st quarter. Millennium Management LLC now owns 974,821 shares of the company’s stock valued at $10,236,000 after buying an additional 802,833 shares in the last quarter. CenterBook Partners LP increased its stake in Select Water Solutions by 504.8% during the 2nd quarter. CenterBook Partners LP now owns 959,272 shares of the company’s stock valued at $8,288,000 after buying an additional 800,656 shares during the period. Cannell Capital LLC bought a new stake in shares of Select Water Solutions during the 2nd quarter worth about $5,813,000. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Select Water Solutions by 90.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,212,008 shares of the company’s stock worth $12,726,000 after acquiring an additional 576,660 shares during the period. Institutional investors and hedge funds own 81.73% of the company’s stock.

Select Water Solutions Stock Up 2.2%

WTTR stock opened at $12.36 on Friday. The company’s 50 day simple moving average is $11.25 and its 200-day simple moving average is $10.32. The firm has a market capitalization of $1.50 billion, a P/E ratio of 64.78 and a beta of 1.03. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.64 and a quick ratio of 1.48. Select Water Solutions, Inc. has a 52-week low of $7.20 and a 52-week high of $13.50.

Select Water Solutions (NYSE:WTTR) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.03 EPS for the quarter, meeting analysts’ consensus estimates of $0.03. The firm had revenue of $322.24 million for the quarter, compared to the consensus estimate of $306.39 million. Select Water Solutions had a net margin of 1.41% and a return on equity of 2.26%. The firm’s revenue was down 13.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.15 earnings per share. As a group, equities research analysts anticipate that Select Water Solutions, Inc. will post 0.91 EPS for the current year.

Select Water Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 18th. Investors of record on Friday, February 6th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, February 6th. This represents a $0.28 dividend on an annualized basis and a yield of 2.3%. Select Water Solutions’s dividend payout ratio (DPR) is presently 147.37%.

Analyst Ratings Changes

WTTR has been the topic of a number of research analyst reports. Northland Securities lowered shares of Select Water Solutions from an “outperform” rating to a “market perform” rating and set a $12.00 price objective on the stock. in a research note on Thursday, November 13th. Raymond James Financial reiterated a “strong-buy” rating and set a $16.00 price target on shares of Select Water Solutions in a research report on Wednesday, November 5th. Wall Street Zen raised Select Water Solutions from a “sell” rating to a “hold” rating in a research note on Saturday, December 27th. Piper Sandler set a $14.00 target price on Select Water Solutions in a research note on Thursday, December 18th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Select Water Solutions in a research report on Friday, January 9th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $14.00.

Insider Buying and Selling

In other Select Water Solutions news, CEO John Schmitz sold 211,118 shares of the company’s stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $11.15, for a total value of $2,353,965.70. Following the transaction, the chief executive officer directly owned 32,687 shares of the company’s stock, valued at $364,460.05. This represents a 86.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold a total of 443,187 shares of company stock valued at $4,927,971 in the last quarter. Insiders own 8.40% of the company’s stock.

Select Water Solutions Profile

Select Water Solutions, Inc, headquartered in Houston, Texas, is a water management services provider primarily serving the oil and gas industry. Formerly operating under the name Select Energy Services, the company rebranded to reflect its core focus on water treatment, recycling and disposal. Since its inception in 2016, Select Water Solutions has expanded to key U.S. basins—including the Permian, Eagle Ford, Marcellus and DJ Basin—and maintains strategic operations in select international regions.

The company’s offerings span the full water lifecycle, from produced water gathering and transportation to advanced treatment and beneficial reuse.