James Investment Research Inc. Takes $137,000 Position in Select Water Solutions, Inc. (NYSE:WTTR)

James Investment Research Inc. acquired a new stake in shares of Select Water Solutions, Inc. (NYSE:WTTR) during the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 10,373 shares of the company’s stock, valued at approximately $137,000.

Other institutional investors have also recently modified their holdings of the company. New York State Teachers Retirement System increased its position in shares of Select Water Solutions by 13.8% during the 3rd quarter. New York State Teachers Retirement System now owns 8,327 shares of the company’s stock valued at $93,000 after purchasing an additional 1,010 shares during the last quarter. Northwest & Ethical Investments L.P. bought a new position in Select Water Solutions during the 3rd quarter worth approximately $107,000. Creative Planning purchased a new position in Select Water Solutions in the 3rd quarter worth approximately $112,000. CWM LLC lifted its position in Select Water Solutions by 182.8% in the third quarter. CWM LLC now owns 11,889 shares of the company’s stock valued at $132,000 after purchasing an additional 7,685 shares during the last quarter. Finally, CreativeOne Wealth LLC purchased a new stake in shares of Select Water Solutions during the third quarter valued at approximately $133,000. 81.73% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO John Schmitz sold 26,550 shares of the firm’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $13.16, for a total value of $349,398.00. Following the completion of the sale, the chief executive officer now directly owns 2,898,578 shares of the company’s stock, valued at approximately $38,145,286.48. This trade represents a 0.91 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 8.40% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Citigroup lifted their target price 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.

Select Water Solutions Stock Performance

Select Water Solutions stock opened at $13.13 on Monday. Select Water Solutions, Inc. has a 1-year low of $7.60 and a 1-year high of $15.14. The firm has a market cap of $1.57 billion, a P/E ratio of 22.26 and a beta of 1.73. The company has a current ratio of 1.78, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09. The firm has a 50-day moving average of $13.38 and a 200-day moving average of $12.38.

Select Water Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Tuesday, February 4th were given a $0.07 dividend. The ex-dividend date was Tuesday, February 4th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.13%. Select Water Solutions’s dividend payout ratio is currently 47.46%.

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.