Kennedy Capital Management LLC Grows Position in Select Water Solutions, Inc. (NYSE:WTTR)

Kennedy Capital Management LLC grew its position in shares of Select Water Solutions, Inc. (NYSE:WTTRFree Report) by 6.2% during the third quarter, Holdings Channel.com reports. The fund owned 545,542 shares of the company’s stock after purchasing an additional 31,657 shares during the quarter. Kennedy Capital Management LLC’s holdings in Select Water Solutions were worth $4,337,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its stake in shares of Select Water Solutions by 113.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 946,646 shares of the company’s stock worth $7,526,000 after acquiring an additional 503,780 shares during the period. Gendell Jeffrey L lifted its holdings in Select Water Solutions by 12.1% during the 3rd quarter. Gendell Jeffrey L now owns 1,121,189 shares of the company’s stock worth $8,913,000 after purchasing an additional 121,199 shares in the last quarter. Meros Investment Management LP boosted its stake in Select Water Solutions by 31.7% in the 3rd quarter. Meros Investment Management LP now owns 732,118 shares of the company’s stock worth $5,820,000 after purchasing an additional 176,102 shares during the period. Campbell & CO Investment Adviser LLC bought a new position in Select Water Solutions in the 3rd quarter worth about $734,000. Finally, MQS Management LLC bought a new stake in shares of Select Water Solutions during the third quarter valued at about $235,000. Institutional investors own 60.93% of the company’s stock.

Insider Buying and Selling at Select Water Solutions

In other news, SVP Christopher Kile George sold 23,000 shares of the stock in a transaction 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 transaction, the senior vice president now owns 255,587 shares of the company’s stock, valued at approximately $2,205,715.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Select Water Solutions news, SVP Christopher Kile George sold 23,000 shares of Select Water Solutions stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $8.63, for a total transaction of $198,490.00. Following the completion of the sale, the senior vice president now owns 255,587 shares of the company’s stock, valued at $2,205,715.81. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Brian Szymanski sold 6,422 shares of the firm’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $8.60, for a total value of $55,229.20. Following the transaction, the chief accounting officer now directly owns 95,936 shares in the company, valued at $825,049.60. The disclosure for this sale can be found here. Insiders sold a total of 46,511 shares of company stock worth $398,053 over the last three months. 8.40% of the stock is owned by insiders.

Select Water Solutions Trading Up 0.8 %

Shares of Select Water Solutions stock opened at $8.48 on Friday. The company’s 50-day moving average price is $7.75 and its 200-day moving average price is $7.69. The company has a market cap of $1.00 billion, a price-to-earnings ratio of 11.62 and a beta of 1.66. Select Water Solutions, Inc. has a 12-month low of $5.51 and a 12-month high of $9.16.

Select Water Solutions (NYSE:WTTRGet Free Report) last announced its quarterly earnings results on Tuesday, February 20th. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.16 by $0.11. Select Water Solutions had a net margin of 4.69% and a return on equity of 8.46%. The firm had revenue of $374.90 million during the quarter, compared to the consensus estimate of $378.12 million. During the same period last year, the firm earned $0.07 EPS. The business’s quarterly revenue was down 1.8% compared to the same quarter last year. On average, sell-side analysts predict that Select Water Solutions, Inc. will post 0.98 earnings per share for the current year.

Select Water Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 20th. Investors of record on Wednesday, February 7th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date of this dividend was Tuesday, February 6th. Select Water Solutions’s dividend payout ratio is currently 32.88%.

Select Water Solutions Profile

(Free Report)

Select Water Solutions, Inc, an oilfield services company, provides water management and chemical solutions to the onshore oil and gas industry in the United States. The company operates through three segments: Water Services, Water Infrastructure, and Oilfield Chemicals. The Water Services segment provides water-related services, including water transfer, flow back 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 on-site rental equipment and workforce accommodation services.

Further Reading

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Institutional Ownership by Quarter for Select Water Solutions (NYSE:WTTR)

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