Consolidated Water Co. Ltd. (NASDAQ:CWCO) Director Clarence B. Flowers sold 7,393 shares of the company’s stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $12.54, for a total value of $92,708.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of CWCO stock opened at $12.56 on Friday. Consolidated Water Co. Ltd. has a 52-week low of $10.76 and a 52-week high of $15.00. The firm has a market capitalization of $188.53 million, a price-to-earnings ratio of 18.47, a price-to-earnings-growth ratio of 2.30 and a beta of 0.81.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 1st will be paid a $0.085 dividend. The ex-dividend date is Friday, March 29th. This represents a $0.34 dividend on an annualized basis and a yield of 2.71%. Consolidated Water’s payout ratio is presently 50.00%.
A number of hedge funds have recently modified their holdings of the business. Amundi Pioneer Asset Management Inc. increased its stake in Consolidated Water by 8.4% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 1,147,381 shares of the utilities provider’s stock worth $13,379,000 after buying an additional 89,192 shares in the last quarter. BlackRock Inc. increased its stake in Consolidated Water by 3.8% in the 4th quarter. BlackRock Inc. now owns 836,911 shares of the utilities provider’s stock worth $9,758,000 after buying an additional 30,836 shares in the last quarter. Morgan Stanley increased its stake in Consolidated Water by 1.0% in the 3rd quarter. Morgan Stanley now owns 723,082 shares of the utilities provider’s stock worth $10,014,000 after buying an additional 6,815 shares in the last quarter. Renaissance Technologies LLC increased its stake in Consolidated Water by 1.9% in the 3rd quarter. Renaissance Technologies LLC now owns 385,303 shares of the utilities provider’s stock worth $5,336,000 after buying an additional 7,203 shares in the last quarter. Finally, Icon Advisers Inc. Co. increased its stake in Consolidated Water by 45.4% in the 4th quarter. Icon Advisers Inc. Co. now owns 115,700 shares of the utilities provider’s stock worth $1,349,000 after buying an additional 36,100 shares in the last quarter. Institutional investors and hedge funds own 53.91% of the company’s stock.
A number of equities research analysts have issued reports on CWCO shares. ValuEngine upgraded Consolidated Water from a “hold” rating to a “buy” rating in a research note on Monday, February 4th. Zacks Investment Research lowered Consolidated Water from a “buy” rating to a “hold” rating in a research note on Thursday, January 3rd.
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About Consolidated Water
Consolidated Water Co Ltd., together with its subsidiaries, develops and operates seawater desalination plants and water distribution systems in the Cayman Islands, The Bahamas, Belize, the British Virgin Islands, Mexico, the United States, and Indonesia. The company operates through four segments: Retail, Bulk, Services, and Manufacturing.
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