Inspire Investing LLC Buys 15,285 Shares of Select Water Solutions, Inc. $WTTR

Inspire Investing LLC grew its stake in shares of Select Water Solutions, Inc. (NYSE:WTTR) by 39.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 53,703 shares of the company’s stock after acquiring an additional 15,285 shares during the period. Inspire Investing LLC’s holdings in Select Water Solutions were worth $464,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. State of Wyoming raised its stake in shares of Select Water Solutions by 34.1% during the first quarter. State of Wyoming now owns 5,932 shares of the company’s stock valued at $62,000 after acquiring an additional 1,509 shares in the last quarter. Jones Financial Companies Lllp raised its stake in shares of Select Water Solutions by 5,584.0% during the first quarter. Jones Financial Companies Lllp now owns 7,105 shares of the company’s stock valued at $75,000 after acquiring an additional 6,980 shares in the last quarter. Apollon Wealth Management LLC bought a new stake in shares of Select Water Solutions during the first quarter valued at approximately $113,000. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Select Water Solutions during the first quarter valued at approximately $123,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in Select Water Solutions during the fourth quarter valued at approximately $154,000. Institutional investors own 81.73% of the company’s stock.

Select Water Solutions Trading Down 5.4%

NYSE:WTTR opened at $9.83 on Monday. Select Water Solutions, Inc. has a 12 month low of $7.20 and a 12 month high of $15.14. The firm has a fifty day simple moving average of $9.21 and a 200-day simple moving average of $8.98. The company has a current ratio of 2.01, a quick ratio of 1.82 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $1.19 billion, a P/E ratio of 31.71 and a beta of 1.24.

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

Select Water Solutions Announces Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Tuesday, August 5th. Select Water Solutions’s payout ratio is presently 90.32%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on WTTR shares. Piper Sandler started coverage on shares of Select Water Solutions in a report on Tuesday, July 15th. They set an “overweight” rating and a $15.00 price objective on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Select Water Solutions in a report on Saturday, September 27th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $15.00.

Select Water Solutions Company Profile

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.