North Star Investment Management Corp. Has $1.62 Million Stock Position in Select Water Solutions, Inc. $WTTR

North Star Investment Management Corp. boosted its position in shares of Select Water Solutions, Inc. (NYSE:WTTR) by 12.7% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 187,000 shares of the company’s stock after buying an additional 21,000 shares during the period. North Star Investment Management Corp. owned approximately 0.16% of Select Water Solutions worth $1,616,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Wedge Capital Management L L P NC boosted its position in shares of Select Water Solutions by 44.2% during the 2nd quarter. Wedge Capital Management L L P NC now owns 154,732 shares of the company’s stock worth $1,337,000 after acquiring an additional 47,396 shares in the last quarter. Harbor Capital Advisors Inc. boosted its position in shares of Select Water Solutions by 3.8% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 1,054,145 shares of the company’s stock worth $9,108,000 after acquiring an additional 38,692 shares in the last quarter. Inspire Investing LLC boosted its holdings in shares of Select Water Solutions by 9.9% in the 1st quarter. Inspire Investing LLC now owns 38,418 shares of the company’s stock valued at $403,000 after purchasing an additional 3,471 shares in the last quarter. Strs Ohio acquired a new stake in shares of Select Water Solutions in the 1st quarter valued at $660,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Select Water Solutions by 18.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 197,814 shares of the company’s stock valued at $2,077,000 after purchasing an additional 30,311 shares in the last quarter. 81.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Piper Sandler initiated coverage on Select Water Solutions in a report on Tuesday, July 15th. They issued an “overweight” rating and a $15.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company’s stock. According to data from MarketBeat, Select Water Solutions has a consensus rating of “Buy” and a consensus target price of $15.00.

Select Water Solutions Stock Performance

NYSE WTTR opened at $10.74 on Friday. The firm’s fifty day moving average price is $8.97 and its two-hundred day moving average price is $8.96. The stock has a market cap of $1.30 billion, a PE ratio of 34.63 and a beta of 1.26. Select Water Solutions, Inc. has a fifty-two week low of $7.20 and a fifty-two week high of $15.14. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.82 and a current ratio of 2.01.

Select Water Solutions (NYSE:WTTR) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.03). Select Water Solutions had a net margin of 2.26% and a return on equity of 3.69%. The firm had revenue of $364.22 million for the quarter, compared to analyst estimates of $362.93 million. During the same period last year, the business earned $0.13 EPS. The company’s revenue was down .3% compared to the same quarter last year. On average, equities analysts expect that Select Water Solutions, Inc. will post 0.91 EPS for the current fiscal year.

Select Water Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Tuesday, August 5th were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Tuesday, August 5th. Select Water Solutions’s dividend payout ratio (DPR) is presently 90.32%.

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.