150,000 Shares in Select Water Solutions, Inc. $WTTR Purchased by Prescott Group Capital Management L.L.C.

Prescott Group Capital Management L.L.C. bought a new position in Select Water Solutions, Inc. (NYSE:WTTR) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 150,000 shares of the company’s stock, valued at approximately $1,604,000. Prescott Group Capital Management L.L.C. owned 0.12% of Select Water Solutions as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Farther Finance Advisors LLC boosted its position in shares of Select Water Solutions by 160.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,615 shares of the company’s stock valued at $28,000 after acquiring an additional 1,610 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Select Water Solutions in the third quarter valued at approximately $29,000. State of Alaska Department of Revenue bought a new stake in Select Water Solutions during the third quarter valued at approximately $33,000. Osaic Holdings Inc. grew its stake in Select Water Solutions by 59.9% in the 2nd quarter. Osaic Holdings Inc. now owns 4,883 shares of the company’s stock worth $42,000 after buying an additional 1,830 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its holdings in shares of Select Water Solutions by 5,584.0% in the 1st quarter. Jones Financial Companies Lllp now owns 7,105 shares of the company’s stock worth $75,000 after buying an additional 6,980 shares during the last quarter. 81.73% of the stock is owned by hedge funds and other institutional investors.

Select Water Solutions Trading Down 4.7%

NYSE:WTTR opened at $12.38 on Friday. The company has a 50-day moving average price of $11.46 and a 200-day moving average price of $10.43. The stock has a market cap of $1.50 billion, a price-to-earnings ratio of 65.16 and a beta of 1.03. The company has a current ratio of 1.64, a quick ratio of 1.48 and a debt-to-equity ratio of 0.31. Select Water Solutions, Inc. has a 12 month low of $7.20 and a 12 month high of $13.50.

Select Water Solutions Dividend Announcement

The firm also recently announced 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. This represents a $0.28 annualized dividend and a yield of 2.3%. The ex-dividend date is Friday, February 6th. Select Water Solutions’s payout ratio is 147.37%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Piper Sandler set a $14.00 price objective on Select Water Solutions in a research report on Thursday, December 18th. 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. Weiss Ratings reissued a “hold (c)” rating on shares of Select Water Solutions in a research note on Friday, January 9th. Wall Street Zen raised shares of Select Water Solutions from a “sell” rating to a “hold” rating in a research note on Saturday, December 27th. Finally, Northland Securities lowered shares of Select Water Solutions from an “outperform” rating to a “market perform” rating and set a $12.00 target price on the stock. in a report on Thursday, November 13th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $14.00.

Insider Transactions at Select Water Solutions

In other Select Water Solutions news, CEO John Schmitz sold 33,916 shares of the company’s stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $13.03, for a total value of $441,925.48. Following the completion of the transaction, the chief executive officer directly owned 249,243 shares in the company, valued at $3,247,636.29. This represents a 11.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold a total of 332,250 shares of company stock worth $3,803,896 over the last three months. Insiders own 8.40% of the company’s stock.

About Select Water Solutions

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.