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

Kings Path Partners LLC bought a new stake in Select Water Solutions, Inc. (NYSE:WTTR) in the 4th quarter, HoldingsChannel reports. The firm bought 35,191 shares of the company’s stock, valued at approximately $466,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC lifted its holdings in shares of Select Water Solutions by 37.9% in the 3rd quarter. GAMMA Investing LLC now owns 4,149 shares of the company’s stock worth $46,000 after acquiring an additional 1,141 shares during the last quarter. New York State Teachers Retirement System grew its stake in 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 worth $93,000 after purchasing an additional 1,010 shares in the last quarter. Northwest & Ethical Investments L.P. purchased a new stake in shares of Select Water Solutions during the third quarter worth approximately $107,000. Creative Planning purchased a new stake in shares of Select Water Solutions in the 3rd quarter valued at approximately $112,000. Finally, CWM LLC raised its stake 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 buying an additional 7,685 shares in the last quarter. 81.73% of the stock is currently owned by institutional investors and hedge funds.

Select Water Solutions Stock Up 0.5 %

WTTR stock traded up $0.07 during trading on Monday, hitting $13.87. 211,873 shares of the company’s stock were exchanged, compared to its average volume of 509,013. The stock has a market capitalization of $1.65 billion, a price-to-earnings ratio of 23.51 and a beta of 1.76. 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 52-week low of $6.99 and a 52-week high of $15.14. The business has a 50-day moving average price of $13.40 and a two-hundred day moving average price of $11.84.

Select Water Solutions (NYSE:WTTR) last posted its earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.01. The business had revenue of $371.35 million during 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%. The business’s quarterly revenue was down 4.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.14 EPS. As a group, equities research analysts expect that Select Water Solutions, Inc. will post 0.4 EPS for the current year.

Select Water Solutions Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Tuesday, November 5th were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.02%. This is a positive change from Select Water Solutions’s previous quarterly dividend of $0.06. Select Water Solutions’s dividend payout ratio (DPR) 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.