Headlines about Artesian Resources Corporation (NASDAQ:ARTNA) have trended somewhat positive on Tuesday, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Artesian Resources Corporation earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned press coverage about the utilities provider an impact score of 46.9049381157139 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Artesian Resources Corporation (NASDAQ ARTNA) traded down 4.70% during midday trading on Tuesday, hitting $37.14. 35,151 shares of the stock were exchanged. The stock has a market cap of $341.24 million, a P/E ratio of 25.44 and a beta of 0.10. Artesian Resources Corporation has a one year low of $26.28 and a one year high of $41.90. The firm has a 50-day moving average price of $37.71 and a 200-day moving average price of $36.64.
The company also recently declared a quarterly dividend, which was paid on Friday, August 25th. Stockholders of record on Monday, August 14th were given a $0.2317 dividend. This represents a $0.93 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date was Thursday, August 10th. Artesian Resources Corporation’s dividend payout ratio is currently 63.27%.
A number of equities research analysts have recently issued reports on ARTNA shares. Zacks Investment Research lowered shares of Artesian Resources Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, August 22nd. BidaskClub lowered shares of Artesian Resources Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th.
In other news, Director John R. Eisenbrey, Jr. sold 13,500 shares of the firm’s stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $40.59, for a total value of $547,965.00. Following the completion of the transaction, the director now owns 54,501 shares in the company, valued at $2,212,195.59. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Dian C. Taylor sold 4,702 shares of the firm’s stock in a transaction on Friday, June 23rd. The shares were sold at an average price of $40.08, for a total value of $188,456.16. Following the completion of the transaction, the insider now owns 97,152 shares of the company’s stock, valued at approximately $3,893,852.16. The disclosure for this sale can be found here. In the last 90 days, insiders sold 23,650 shares of company stock valued at $954,969. Company insiders own 20.59% of the company’s stock.
Artesian Resources Corporation Company Profile
Artesian Resources Corporation is a holding company. The Company’s subsidiaries offer water, wastewater and other services on the Delmarva Peninsula. The Company distributes and sells water, including water for public and private fire protection, to residential, commercial, industrial, municipal and utility customers in the states of Delaware, Maryland and Pennsylvania.
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