Essex Financial Services Inc. held its position in Consolidated Water Co. (NASDAQ:CWCO) during the second quarter, Holdings Channel reports. The fund owned 14,159 shares of the company’s stock at the end of the second quarter. Essex Financial Services Inc.’s holdings in Consolidated Water were worth $185,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Royal Bank of Canada increased its position in Consolidated Water by 3.5% in the first quarter. Royal Bank of Canada now owns 8,281 shares of the company’s stock worth $100,000 after buying an additional 281 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. increased its position in Consolidated Water by 36.7% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 80,782 shares of the company’s stock worth $983,000 after buying an additional 21,679 shares in the last quarter. Strs Ohio increased its position in Consolidated Water by 60.0% in the second quarter. Strs Ohio now owns 44,400 shares of the company’s stock worth $579,000 after buying an additional 16,646 shares in the last quarter. Geode Capital Management LLC increased its position in Consolidated Water by 39.1% in the first quarter. Geode Capital Management LLC now owns 28,190 shares of the company’s stock worth $342,000 after buying an additional 7,928 shares in the last quarter. Finally, Uniplan Investment Counsel Inc. increased its position in Consolidated Water by 0.3% in the first quarter. Uniplan Investment Counsel Inc. now owns 420,772 shares of the company’s stock worth $5,121,000 after buying an additional 1,404 shares in the last quarter. Hedge funds and other institutional investors own 45.55% of the company’s stock.
Shares of Consolidated Water Co. (NASDAQ:CWCO) traded down 0.18% on Thursday, hitting $10.97. The stock had a trading volume of 31,384 shares. The company has a market capitalization of $162.52 million, a price-to-earnings ratio of 21.26 and a beta of 0.91. Consolidated Water Co. has a 52 week low of $10.23 and a 52 week high of $14.69. The company has a 50-day moving average of $11.92 and a 200 day moving average of $12.89.
Consolidated Water (NASDAQ:CWCO) last announced its earnings results on Tuesday, August 9th. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.16 by $0.01. Consolidated Water had a net margin of 13.29% and a return on equity of 5.01%. On average, equities research analysts predict that Consolidated Water Co. will post $0.60 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Monday, October 3rd will be paid a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date is Thursday, September 29th. Consolidated Water’s dividend payout ratio (DPR) is currently 57.69%.
Separately, Zacks Investment Research upgraded Consolidated Water from a “sell” rating to a “hold” rating in a research note on Tuesday, September 20th.
In other news, Director Richard Finlay purchased 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 31st. The shares were acquired at an average cost of $12.73 per share, with a total value of $127,300.00. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 3.18% of the company’s stock.
About Consolidated Water
Consolidated Water Co Ltd. develops and operates seawater desalination plants (that utilize reverse osmosis technology) and water distribution systems in areas where naturally occurring supplies of potable water are scarce or non-existent. The Company operates in three segments: retail water operations, bulk water operations and services operations.
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