Heartland Advisors Inc. Makes New Investment in Consolidated Water Co. Ltd. (NASDAQ:CWCO)

Heartland Advisors Inc. purchased a new position in shares of Consolidated Water Co. Ltd. (NASDAQ:CWCO - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 109,443 shares of the utilities provider's stock, valued at approximately $2,833,000. Heartland Advisors Inc. owned approximately 0.69% of Consolidated Water at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the company. Byrne Asset Management LLC increased its holdings in shares of Consolidated Water by 59.3% during the 4th quarter. Byrne Asset Management LLC now owns 1,720 shares of the utilities provider's stock worth $45,000 after acquiring an additional 640 shares during the last quarter. Allworth Financial LP increased its holdings in shares of Consolidated Water by 643.4% in the fourth quarter. Allworth Financial LP now owns 2,349 shares of the utilities provider's stock valued at $61,000 after purchasing an additional 2,033 shares during the last quarter. Copeland Capital Management LLC lifted its stake in shares of Consolidated Water by 37.4% during the 4th quarter. Copeland Capital Management LLC now owns 2,634 shares of the utilities provider's stock worth $68,000 after buying an additional 717 shares during the last quarter. Quantbot Technologies LP boosted its holdings in shares of Consolidated Water by 1,538.3% during the 4th quarter. Quantbot Technologies LP now owns 3,981 shares of the utilities provider's stock worth $103,000 after buying an additional 3,738 shares during the period. Finally, SG Americas Securities LLC grew its stake in Consolidated Water by 23.9% in the 4th quarter. SG Americas Securities LLC now owns 6,479 shares of the utilities provider's stock valued at $168,000 after buying an additional 1,251 shares during the last quarter. Institutional investors and hedge funds own 55.16% of the company's stock.

Consolidated Water Trading Down 0.8 %

Shares of NASDAQ:CWCO traded down $0.20 during trading on Wednesday, reaching $24.24. 30,753 shares of the stock were exchanged, compared to its average volume of 112,482. The firm has a market cap of $384.81 million, a PE ratio of 14.96, a PEG ratio of 2.44 and a beta of 0.19. Consolidated Water Co. Ltd. has a 12 month low of $23.55 and a 12 month high of $30.32. The stock has a 50-day moving average price of $26.73 and a 200-day moving average price of $25.98.

Consolidated Water Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 1st will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.82%. The ex-dividend date of this dividend is Tuesday, April 1st. Consolidated Water's dividend payout ratio (DPR) is 27.16%.

Insider Buying and Selling at Consolidated Water

In related news, CEO Frederick W. Mctaggart sold 2,000 shares of the business's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $28.00, for a total value of $56,000.00. Following the completion of the transaction, the chief executive officer now owns 271,995 shares of the company's stock, valued at $7,615,860. The trade was a 0.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 5.87% of the company's stock.

Consolidated Water Profile

Consolidated Water Co Ltd., together with its subsidiaries, designs, constructs, manages, and operates water production and water treatment plants primarily in the Cayman Islands, the Bahamas, and the United States. The company operates through four segments: Retail, Bulk, Services, and Manufacturing.