Insider Selling: Select Water Solutions, Inc. (NYSE:WTTR) CEO Sells $349,398.00 in Stock

Select Water Solutions, Inc. (NYSE:WTTR) CEO John Schmitz sold 26,550 shares of the business’s stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $13.16, for a total value of $349,398.00. Following the transaction, the chief executive officer now directly owns 2,898,578 shares in the company, valued at $38,145,286.48. This trade represents a 0.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Select Water Solutions Price Performance

Shares of WTTR stock opened at $13.13 on Friday. The stock has a market cap of $1.57 billion, a price-to-earnings ratio of 22.26 and a beta of 1.73. The business’s fifty day moving average is $13.38 and its 200 day moving average is $12.38. Select Water Solutions, Inc. has a twelve month low of $7.60 and a twelve month high of $15.14. The company has a quick ratio of 1.62, a current ratio of 1.78 and a debt-to-equity ratio of 0.09.

Select Water Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Tuesday, February 4th were paid a $0.07 dividend. The ex-dividend date of this dividend was Tuesday, February 4th. This represents a $0.28 annualized dividend and a yield of 2.13%. Select Water Solutions’s payout ratio is 47.46%.

Institutional Investors Weigh In On Select Water Solutions

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company boosted its holdings in Select Water Solutions by 12.9% in the second quarter. The Manufacturers Life Insurance Company now owns 34,899 shares of the company’s stock worth $373,000 after acquiring an additional 3,997 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Select Water Solutions by 37.9% in the third quarter. GAMMA Investing LLC now owns 4,149 shares of the company’s stock worth $46,000 after acquiring an additional 1,141 shares in the last quarter. CWM LLC boosted its holdings in Select Water Solutions by 182.8% in the third quarter. CWM LLC now owns 11,889 shares of the company’s stock worth $132,000 after acquiring an additional 7,685 shares in the last quarter. Exchange Traded Concepts LLC boosted its holdings in Select Water Solutions by 121.3% in the third quarter. Exchange Traded Concepts LLC now owns 56,217 shares of the company’s stock worth $626,000 after acquiring an additional 30,817 shares in the last quarter. Finally, Creative Planning bought a new stake in Select Water Solutions in the third quarter worth $112,000. 81.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Citigroup upped their price target on 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 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.