Artesian Resources Co. (NASDAQ:ARTNA) Shares Sold by Jane Street Group LLC

Jane Street Group LLC lessened its stake in shares of Artesian Resources Co. (NASDAQ:ARTNA - Free Report) by 64.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,480 shares of the utilities provider's stock after selling 41,164 shares during the quarter. Jane Street Group LLC owned about 0.22% of Artesian Resources worth $836,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of ARTNA. Quest Partners LLC acquired a new stake in Artesian Resources in the second quarter valued at $42,000. Point72 DIFC Ltd acquired a new stake in shares of Artesian Resources in the second quarter valued at about $50,000. Ballentine Partners LLC purchased a new stake in Artesian Resources during the third quarter worth about $217,000. Atria Investments Inc grew its position in Artesian Resources by 7.1% during the third quarter. Atria Investments Inc now owns 6,527 shares of the utilities provider's stock worth $243,000 after buying an additional 431 shares during the period. Finally, Walleye Capital LLC purchased a new position in Artesian Resources in the third quarter valued at about $289,000. 57.37% of the stock is owned by institutional investors and hedge funds.

Artesian Resources Price Performance

Shares of ARTNA stock traded down $0.29 during midday trading on Thursday, reaching $31.33. 24,640 shares of the company traded hands, compared to its average volume of 48,181. The firm has a market cap of $322.64 million, a PE ratio of 16.07 and a beta of 0.22. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.22 and a quick ratio of 1.07. The firm's 50 day simple moving average is $33.59 and its two-hundred day simple moving average is $35.76. Artesian Resources Co. has a 1-year low of $30.99 and a 1-year high of $41.29.

Artesian Resources (NASDAQ:ARTNA - Get Free Report) last posted its earnings results on Monday, November 4th. The utilities provider reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.05. The firm had revenue of $29.14 million during the quarter, compared to the consensus estimate of $29.00 million. Artesian Resources had a net margin of 18.96% and a return on equity of 8.57%. On average, equities research analysts expect that Artesian Resources Co. will post 1.92 EPS for the current fiscal year.

Artesian Resources Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Friday, November 15th were given a dividend of $0.301 per share. The ex-dividend date was Friday, November 15th. This is an increase from Artesian Resources's previous quarterly dividend of $0.30. This represents a $1.20 annualized dividend and a yield of 3.84%. Artesian Resources's dividend payout ratio is 61.54%.

About Artesian Resources

Artesian Resources Corporation, through its subsidiaries, provides water, wastewater, and other services in Delaware, Maryland, and Pennsylvania. The company distributes and sells water to residential, commercial, industrial, governmental, municipal, and utility customers, as well as for public and private fire protection in the states of Delaware, Maryland, and Pennsylvania; and offers wastewater collection, treatment infrastructure, and wastewater services to customers in Delaware.