Illumine Investment Management LLC bought a new stake in shares of Consolidated Water Co. Ltd. (NASDAQ:CWCO - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 16,831 shares of the utilities provider's stock, valued at approximately $436,000. Illumine Investment Management LLC owned about 0.11% of Consolidated Water as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also recently made changes to their positions in CWCO. Byrne Asset Management LLC raised its stake in Consolidated Water by 59.3% during the fourth quarter. Byrne Asset Management LLC now owns 1,720 shares of the utilities provider's stock valued at $45,000 after buying an additional 640 shares during the last quarter. Copeland Capital Management LLC raised its position in shares of Consolidated Water by 37.4% in the 4th quarter. Copeland Capital Management LLC now owns 2,634 shares of the utilities provider's stock worth $68,000 after purchasing an additional 717 shares during the last quarter. Franklin Resources Inc. boosted its stake in Consolidated Water by 3.1% in the 3rd quarter. Franklin Resources Inc. now owns 29,860 shares of the utilities provider's stock worth $773,000 after purchasing an additional 897 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Consolidated Water by 2.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 43,175 shares of the utilities provider's stock valued at $1,088,000 after purchasing an additional 1,159 shares during the last quarter. Finally, SG Americas Securities LLC increased its stake in Consolidated Water by 23.9% during the 4th quarter. SG Americas Securities LLC now owns 6,479 shares of the utilities provider's stock valued at $168,000 after purchasing an additional 1,251 shares in the last quarter. 55.16% of the stock is owned by institutional investors.
Insider Activity
In related news, CEO Frederick W. Mctaggart sold 2,000 shares of the company's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $28.00, for a total transaction of $56,000.00. Following the completion of the sale, the chief executive officer now owns 271,995 shares in the company, valued at approximately $7,615,860. This represents a 0.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 5.87% of the company's stock.
Consolidated Water Stock Performance
Shares of NASDAQ:CWCO traded down $0.30 during trading on Tuesday, reaching $27.00. 98,309 shares of the stock traded hands, compared to its average volume of 80,015. The stock has a market cap of $427.55 million, a P/E ratio of 16.67, a price-to-earnings-growth ratio of 2.44 and a beta of 0.22. The stock has a 50-day moving average of $26.42 and a two-hundred day moving average of $25.98. Consolidated Water Co. Ltd. has a 52-week low of $23.55 and a 52-week high of $33.34.
Consolidated Water Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 1st will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.63%. The ex-dividend date of this dividend is Tuesday, April 1st. Consolidated Water's dividend payout ratio is currently 27.16%.
Consolidated Water Company Profile
(
Free Report)
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.
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