Lodge Hill Capital LLC Sells 175,000 Shares of Select Water Solutions, Inc. (NYSE:WTTR)

Lodge Hill Capital LLC decreased its position in shares of Select Water Solutions, Inc. (NYSE:WTTR) by 23.0% during the second quarter, Holdings Channel reports. The institutional investor owned 585,600 shares of the company’s stock after selling 175,000 shares during the period. Select Water Solutions makes up approximately 1.7% of Lodge Hill Capital LLC’s investment portfolio, making the stock its 17th biggest position. Lodge Hill Capital LLC’s holdings in Select Water Solutions were worth $6,266,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. GAMMA Investing LLC increased its holdings in Select Water Solutions by 57.3% in the 2nd quarter. GAMMA Investing LLC now owns 3,008 shares of the company’s stock valued at $32,000 after acquiring an additional 1,096 shares during the last quarter. Innealta Capital LLC bought a new stake in Select Water Solutions during the second quarter worth approximately $34,000. CWM LLC raised its holdings in Select Water Solutions by 55.2% during the 2nd quarter. CWM LLC now owns 4,204 shares of the company’s stock valued at $45,000 after buying an additional 1,496 shares during the period. ProShare Advisors LLC raised its stake in shares of Select Water Solutions by 8.6% in the first quarter. ProShare Advisors LLC now owns 14,356 shares of the company’s stock valued at $133,000 after acquiring an additional 1,131 shares during the period. Finally, Quadrature Capital Ltd bought a new stake in shares of Select Water Solutions in the 4th quarter worth about $156,000. Institutional investors own 81.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Northland Capmk raised Select Water Solutions from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 22nd. Northland Securities upgraded Select Water Solutions from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $11.50 to $14.50 in a research report on Thursday, August 22nd.

Select Water Solutions Trading Up 0.9 %

Shares of NYSE WTTR opened at $11.43 on Friday. Select Water Solutions, Inc. has a twelve month low of $6.78 and a twelve month high of $12.27. The firm has a market cap of $1.36 billion, a PE ratio of 17.58 and a beta of 1.66. The business has a fifty day simple moving average of $11.09 and a two-hundred day simple moving average of $10.22. The company has a quick ratio of 1.63, a current ratio of 1.81 and a debt-to-equity ratio of 0.10.

Select Water Solutions (NYSE:WTTR) last released its quarterly earnings data on Tuesday, July 30th. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.02. Select Water Solutions had a return on equity of 6.56% and a net margin of 3.91%. The firm had revenue of $365.13 million during the quarter, compared to the consensus estimate of $372.25 million. During the same period in the previous year, the company posted $0.20 earnings per share. The firm’s quarterly revenue was down 9.8% on a year-over-year basis. Analysts expect that Select Water Solutions, Inc. will post 0.48 earnings per share for the current fiscal year.

Select Water Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Monday, August 5th were paid a dividend of $0.06 per share. The ex-dividend date was Monday, August 5th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.10%. Select Water Solutions’s dividend payout ratio is presently 36.92%.

Select Water Solutions 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.