Kings Path Partners LLC Makes New $466,000 Investment in Select Water Solutions, Inc. (NYSE:WTTR)

Kings Path Partners LLC bought a new position in shares of Select Water Solutions, Inc. (NYSE:WTTR) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 35,191 shares of the company’s stock, valued at approximately $466,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Principal Financial Group Inc. acquired a new stake in Select Water Solutions during the third quarter worth about $483,000. Geode Capital Management LLC increased its holdings in shares of Select Water Solutions by 7.9% during the 3rd quarter. Geode Capital Management LLC now owns 2,127,370 shares of the company’s stock valued at $23,683,000 after purchasing an additional 155,091 shares in the last quarter. Foundry Partners LLC lifted its stake in shares of Select Water Solutions by 29.8% in the 3rd quarter. Foundry Partners LLC now owns 622,755 shares of the company’s stock valued at $6,931,000 after purchasing an additional 142,919 shares during the period. Barclays PLC boosted its holdings in Select Water Solutions by 319.3% during the third quarter. Barclays PLC now owns 140,648 shares of the company’s stock worth $1,565,000 after buying an additional 107,107 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new stake in Select Water Solutions during the second quarter valued at $635,000. 81.73% of the stock is currently owned by institutional investors and hedge funds.

Select Water Solutions Stock Performance

WTTR traded up $0.07 on Monday, reaching $13.87. The stock had a trading volume of 211,873 shares, compared to its average volume of 509,013. The business’s 50-day moving average price is $13.40 and its two-hundred day moving average price is $11.84. The company has a current ratio of 1.78, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09. Select Water Solutions, Inc. has a 12-month low of $6.99 and a 12-month high of $15.14. The company has a market cap of $1.65 billion, a P/E ratio of 23.51 and a beta of 1.76.

Select Water Solutions (NYSE:WTTR) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.01. The company had revenue of $371.35 million for the quarter, compared to the consensus estimate of $352.98 million. Select Water Solutions had a return on equity of 6.65% and a net margin of 4.05%. Select Water Solutions’s revenue for the quarter was down 4.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.14 earnings per share. Sell-side analysts forecast that Select Water Solutions, Inc. will post 0.4 earnings per share for the current year.

Select Water Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Tuesday, November 5th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Tuesday, November 5th. This is a boost from Select Water Solutions’s previous quarterly dividend of $0.06. This represents a $0.28 dividend on an annualized basis and a yield of 2.02%. Select Water Solutions’s dividend payout ratio is currently 47.46%.

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.