Insider Selling: Select Water Solutions, Inc. (NYSE:WTTR) CEO Sells 26,550 Shares of Stock

Select Water Solutions, Inc. (NYSE:WTTR) CEO John Schmitz sold 26,550 shares of the company’s stock in a transaction 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 approximately $38,145,286.48. The trade was a 0.91 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Select Water Solutions Trading Up 5.5 %

Shares of NYSE:WTTR opened at $13.13 on Friday. The company has a market cap of $1.57 billion, a P/E ratio of 22.26 and a beta of 1.73. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.78 and a quick ratio of 1.62. Select Water Solutions, Inc. has a 1 year low of $7.60 and a 1 year high of $15.14. The stock’s fifty day moving average price is $13.38 and its 200-day moving average price is $12.38.

Select Water Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Tuesday, February 4th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date was Tuesday, February 4th. Select Water Solutions’s dividend payout ratio (DPR) is presently 47.46%.

Wall Street Analysts Forecast Growth

Separately, Citigroup upped their price target on Select Water Solutions from $14.00 to $18.00 and gave the company a “buy” rating in a report on Friday, January 10th.

Institutional Trading of Select Water Solutions

A number of hedge funds have recently bought and sold shares of the company. Parkside Financial Bank & Trust increased its position in Select Water Solutions by 24.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 5,044 shares of the company’s stock valued at $67,000 after acquiring an additional 1,007 shares during the last quarter. New York State Teachers Retirement System increased its position in Select Water Solutions by 13.8% during the third quarter. New York State Teachers Retirement System now owns 8,327 shares of the company’s stock valued at $93,000 after acquiring an additional 1,010 shares during the last quarter. SkyView Investment Advisors LLC increased its position in Select Water Solutions by 1.8% during the third quarter. SkyView Investment Advisors LLC now owns 61,105 shares of the company’s stock valued at $680,000 after acquiring an additional 1,073 shares during the last quarter. GAMMA Investing LLC increased its position in Select Water Solutions by 37.9% during the third quarter. GAMMA Investing LLC now owns 4,149 shares of the company’s stock valued at $46,000 after acquiring an additional 1,141 shares during the last quarter. Finally, Ameritas Investment Partners Inc. increased its position in Select Water Solutions by 13.6% during the fourth quarter. Ameritas Investment Partners Inc. now owns 9,545 shares of the company’s stock valued at $126,000 after acquiring an additional 1,143 shares during the last quarter. Hedge funds and other institutional investors own 81.73% of the company’s stock.

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.