Prescott Group Capital Management L.L.C. Purchases Shares of 150,000 Select Water Solutions, Inc. $WTTR

Prescott Group Capital Management L.L.C. acquired a new position in shares of Select Water Solutions, Inc. (NYSE:WTTR) during the 3rd quarter, Holdings Channel reports. The fund acquired 150,000 shares of the company’s stock, valued at approximately $1,604,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of WTTR. Ranger Investment Management L.P. increased its position in Select Water Solutions by 21.0% in the third quarter. Ranger Investment Management L.P. now owns 454,290 shares of the company’s stock worth $4,856,000 after purchasing an additional 78,765 shares during the last quarter. Cullen Capital Management LLC increased its holdings in shares of Select Water Solutions by 7.3% in the 3rd quarter. Cullen Capital Management LLC now owns 54,156 shares of the company’s stock worth $579,000 after buying an additional 3,663 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Select Water Solutions by 17.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 43,784 shares of the company’s stock valued at $468,000 after acquiring an additional 6,549 shares during the last quarter. Hantz Financial Services Inc. boosted its holdings in shares of Select Water Solutions by 61.9% in the 3rd quarter. Hantz Financial Services Inc. now owns 78,721 shares of the company’s stock worth $842,000 after purchasing an additional 30,084 shares during the period. Finally, State of Wyoming lifted its position in shares of Select Water Solutions by 410.6% during the third quarter. State of Wyoming now owns 10,610 shares of the company’s stock worth $113,000 after purchasing an additional 8,532 shares during the last quarter. 81.73% of the stock is currently owned by institutional investors.

Select Water Solutions Stock Down 4.7%

Select Water Solutions stock opened at $12.38 on Friday. Select Water Solutions, Inc. has a twelve month low of $7.20 and a twelve month high of $13.50. The business has a fifty day moving average of $11.46 and a two-hundred day moving average of $10.43. The firm has a market cap of $1.50 billion, a P/E ratio of 65.16 and a beta of 1.03. The company has a quick ratio of 1.48, a current ratio of 1.64 and a debt-to-equity ratio of 0.31.

Select Water Solutions Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 18th. Stockholders of record on Friday, February 6th will be paid a $0.07 dividend. The ex-dividend date is Friday, February 6th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.3%. Select Water Solutions’s dividend payout ratio is presently 147.37%.

Analyst Upgrades and Downgrades

Several research firms recently commented on WTTR. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $16.00 price target on shares of Select Water Solutions in a research note on Wednesday, November 5th. Piper Sandler set a $14.00 price target on shares of Select Water Solutions in a research note on Thursday, December 18th. Weiss Ratings reiterated a “hold (c)” rating on shares of Select Water Solutions in a report on Friday, January 9th. Northland Securities downgraded Select Water Solutions from an “outperform” rating to a “market perform” rating and set a $12.00 price objective on the stock. in a report on Thursday, November 13th. Finally, Wall Street Zen upgraded Select Water Solutions from a “sell” rating to a “hold” rating in a report on Saturday, December 27th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $14.00.

Insider Buying and Selling

In other Select Water Solutions news, CEO John Schmitz sold 33,916 shares of the business’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $13.03, for a total value of $441,925.48. Following the completion of the transaction, the chief executive officer directly owned 249,243 shares of the company’s stock, valued at approximately $3,247,636.29. The trade was a 11.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold 332,250 shares of company stock worth $3,803,896 over the last quarter. 8.40% of the stock is owned by company insiders.

About Select Water Solutions

Select Water Solutions, Inc, headquartered in Houston, Texas, is a water management services provider primarily serving the oil and gas industry. Formerly operating under the name Select Energy Services, the company rebranded to reflect its core focus on water treatment, recycling and disposal. Since its inception in 2016, Select Water Solutions has expanded to key U.S. basins—including the Permian, Eagle Ford, Marcellus and DJ Basin—and maintains strategic operations in select international regions.

The company’s offerings span the full water lifecycle, from produced water gathering and transportation to advanced treatment and beneficial reuse.