Jump Financial LLC Acquires New Position in Select Water Solutions, Inc. (NYSE:WTTR)

Jump Financial LLC bought a new position in Select Water Solutions, Inc. (NYSE:WTTR) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 49,606 shares of the company’s stock, valued at approximately $377,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. BNP Paribas Financial Markets increased its holdings in shares of Select Water Solutions by 10.9% in the fourth quarter. BNP Paribas Financial Markets now owns 259,981 shares of the company’s stock worth $1,973,000 after buying an additional 25,519 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Select Water Solutions by 14.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,083,135 shares of the company’s stock valued at $8,221,000 after purchasing an additional 136,489 shares during the period. LSV Asset Management purchased a new position in shares of Select Water Solutions in the fourth quarter worth $528,000. Natixis Advisors L.P. raised its holdings in Select Water Solutions by 10.6% during the 4th quarter. Natixis Advisors L.P. now owns 29,229 shares of the company’s stock valued at $221,000 after buying an additional 2,800 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its position in Select Water Solutions by 4.2% during the 4th quarter. Victory Capital Management Inc. now owns 234,879 shares of the company’s stock valued at $1,783,000 after buying an additional 9,375 shares during the period. 81.73% of the stock is currently owned by institutional investors.

Select Water Solutions Price Performance

Shares of NYSE WTTR opened at $10.60 on Friday. Select Water Solutions, Inc. has a 1 year low of $6.78 and a 1 year high of $10.78. The stock has a market capitalization of $1.26 billion, a P/E ratio of 16.31 and a beta of 1.65. The company’s 50-day moving average is $9.45 and its 200 day moving average is $8.28. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.94 and a quick ratio of 1.76.

Select Water Solutions (NYSE:WTTR) last announced its earnings results on Tuesday, April 30th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.05). Select Water Solutions had a return on equity of 7.46% and a net margin of 4.28%. The firm had revenue of $366.60 million during the quarter, compared to the consensus estimate of $369.29 million. During the same period in the prior year, the company posted $0.12 EPS. The firm’s revenue was down 12.0% on a year-over-year basis. On average, sell-side analysts expect that Select Water Solutions, Inc. will post 0.53 earnings per share for the current year.

Select Water Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Friday, May 3rd were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 2.26%. The ex-dividend date was Thursday, May 2nd. Select Water Solutions’s payout ratio is currently 36.92%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Northland Securities started coverage on shares of Select Water Solutions in a research note on Monday, April 22nd. They set a “market perform” rating and a $11.50 price objective for the company. Citigroup upgraded Select Water Solutions from a “neutral” rating to a “buy” rating and set a $13.00 price objective on the stock in a research report on Thursday, May 9th.

Insider Activity at Select Water Solutions

In other news, SVP Christopher Kile George sold 23,000 shares of the firm’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $8.63, for a total transaction of $198,490.00. Following the completion of the transaction, the senior vice president now directly owns 255,587 shares in the company, valued at $2,205,715.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, SVP Christopher Kile George sold 23,000 shares of the company’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $8.63, for a total transaction of $198,490.00. Following the transaction, the senior vice president now directly owns 255,587 shares of the company’s stock, valued at $2,205,715.81. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Michael Skarke sold 13,421 shares of Select Water Solutions stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $9.78, for a total transaction of $131,257.38. Following the completion of the sale, the chief operating officer now owns 380,981 shares of the company’s stock, valued at $3,725,994.18. The disclosure for this sale can be found here. Insiders sold a total of 59,932 shares of company stock valued at $529,310 in the last 90 days. Corporate insiders own 8.40% of the company’s stock.

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.