Proficio Capital Partners LLC Invests $172,000 in Select Water Solutions, Inc. (NYSE:WTTR)

Proficio Capital Partners LLC acquired a new position in shares of Select Water Solutions, Inc. (NYSE:WTTR) during the fourth quarter, HoldingsChannel reports. The firm acquired 13,002 shares of the company’s stock, valued at approximately $172,000.

Other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC raised its stake in shares of Select Water Solutions by 7.9% in the 3rd quarter. Geode Capital Management LLC now owns 2,127,370 shares of the company’s stock valued at $23,683,000 after purchasing an additional 155,091 shares during the period. Barclays PLC grew its holdings in shares of Select Water Solutions by 319.3% during the third quarter. Barclays PLC now owns 140,648 shares of the company’s stock worth $1,565,000 after buying an additional 107,107 shares in the last quarter. Principal Financial Group Inc. acquired a new stake in Select Water Solutions in the 3rd quarter valued at approximately $483,000. Oppenheimer & Co. Inc. acquired a new stake in Select Water Solutions in the 4th quarter valued at approximately $203,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in Select Water Solutions in the 4th quarter valued at approximately $342,000. 81.73% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO John Schmitz sold 73,450 shares of the business’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $13.03, for a total transaction of $957,053.50. Following the transaction, the chief executive officer now directly owns 2,825,128 shares in the company, valued at $36,811,417.84. The trade was a 2.53 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 8.40% of the stock is currently owned by insiders.

Select Water Solutions Trading Up 1.1 %

Shares of NYSE:WTTR opened at $10.68 on Friday. The company’s 50-day moving average price is $11.91 and its two-hundred day moving average price is $12.35. Select Water Solutions, Inc. has a one year low of $8.60 and a one year high of $15.14. 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 stock has a market capitalization of $1.27 billion, a PE ratio of 35.59 and a beta of 1.77.

Select Water Solutions (NYSE:WTTR) last released its earnings results on Tuesday, February 18th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.14). Select Water Solutions had a net margin of 2.11% and a return on equity of 3.48%. The company had revenue of $349.05 million during the quarter, compared to analyst estimates of $333.62 million. On average, equities analysts forecast that Select Water Solutions, Inc. will post 0.91 EPS for the current fiscal year.

Select Water Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Tuesday, February 4th were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date of this dividend was Tuesday, February 4th. Select Water Solutions’s dividend payout ratio is currently 93.33%.

Wall Street Analyst Weigh In

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

About Select Water Solutions

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.