Clare Market Investments LLC Makes New Investment in Select Water Solutions, Inc. $WTTR

Clare Market Investments LLC bought a new position in shares of Select Water Solutions, Inc. (NYSE:WTTR) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 46,275 shares of the company’s stock, valued at approximately $708,000.

Several other hedge funds have also bought and sold shares of the business. Barclays PLC raised its holdings in Select Water Solutions by 0.6% during the fourth quarter. Barclays PLC now owns 147,581 shares of the company’s stock worth $1,553,000 after buying an additional 857 shares during the last quarter. Inspire Investing LLC increased its position in shares of Select Water Solutions by 1.9% during the fourth quarter. Inspire Investing LLC now owns 55,271 shares of the company’s stock worth $581,000 after acquiring an additional 1,023 shares in the last quarter. ProShare Advisors LLC raised its holdings in shares of Select Water Solutions by 8.4% in the 4th quarter. ProShare Advisors LLC now owns 17,299 shares of the company’s stock worth $182,000 after acquiring an additional 1,336 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its position in Select Water Solutions by 2.5% in the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 64,258 shares of the company’s stock valued at $686,000 after acquiring an additional 1,541 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV boosted its stake in Select Water Solutions by 10.6% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 17,699 shares of the company’s stock valued at $186,000 after purchasing an additional 1,692 shares during the last quarter. Institutional investors and hedge funds own 81.73% of the company’s stock.

Select Water Solutions Trading Down 0.4%

Shares of Select Water Solutions stock opened at $18.02 on Tuesday. The stock has a market capitalization of $2.49 billion, a P/E ratio of 85.82 and a beta of 0.98. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.76 and a current ratio of 1.92. The stock’s 50-day simple moving average is $18.36 and its 200 day simple moving average is $14.98. Select Water Solutions, Inc. has a 52-week low of $7.86 and a 52-week high of $20.48.

Select Water Solutions (NYSE:WTTR) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.02. Select Water Solutions had a net margin of 1.54% and a return on equity of 2.21%. The company had revenue of $365.96 million during the quarter, compared to analyst estimates of $344.63 million. During the same period last year, the business earned $0.08 earnings per share. Select Water Solutions’s revenue was down 2.2% compared to the same quarter last year. As a group, research analysts anticipate that Select Water Solutions, Inc. will post 0.45 EPS for the current year.

Select Water Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 13th. Stockholders of record on Thursday, April 30th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Thursday, April 30th. Select Water Solutions’s dividend payout ratio is presently 133.33%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on WTTR. Citigroup increased their price objective on Select Water Solutions from $18.00 to $24.00 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. Piper Sandler lifted their price objective on shares of Select Water Solutions from $16.00 to $21.00 and gave the stock an “overweight” rating in a report on Monday, May 18th. Wall Street Zen downgraded shares of Select Water Solutions from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. Zacks Research raised Select Water Solutions from a “hold” rating to a “strong-buy” rating in a report on Monday, May 25th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Select Water Solutions in a research report on Wednesday, April 8th. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $22.40.

Insider Transactions at Select Water Solutions

In other Select Water Solutions news, Director Richard Alan Burnett sold 45,316 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $18.74, for a total value of $849,221.84. Following the completion of the sale, the director owned 71,578 shares of the company’s stock, valued at $1,341,371.72. This represents a 38.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Brian Szymanski sold 20,000 shares of the business’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $17.04, for a total value of $340,800.00. Following the completion of the sale, the chief accounting officer directly owned 114,752 shares of the company’s stock, valued at approximately $1,955,374.08. This trade represents a 14.84% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 222,010 shares of company stock valued at $3,925,971 over the last 90 days. Company insiders own 6.20% 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.