Marshall Wace LLP Raises Stock Position in Artesian Resources Co. (NASDAQ:ARTNA)

Marshall Wace LLP lifted its stake in Artesian Resources Co. (NASDAQ:ARTNA - Free Report) by 17.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 63,214 shares of the utilities provider's stock after buying an additional 9,438 shares during the period. Marshall Wace LLP owned approximately 0.61% of Artesian Resources worth $1,999,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. R Squared Ltd purchased a new position in shares of Artesian Resources during the fourth quarter worth about $63,000. Wells Fargo & Company MN grew its stake in Artesian Resources by 100.2% during the 4th quarter. Wells Fargo & Company MN now owns 3,514 shares of the utilities provider's stock worth $111,000 after buying an additional 1,759 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Artesian Resources during the fourth quarter worth approximately $272,000. American Century Companies Inc. lifted its stake in Artesian Resources by 30.3% in the fourth quarter. American Century Companies Inc. now owns 17,195 shares of the utilities provider's stock valued at $544,000 after buying an additional 3,995 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Artesian Resources by 169.7% in the third quarter. JPMorgan Chase & Co. now owns 16,035 shares of the utilities provider's stock valued at $596,000 after acquiring an additional 10,089 shares during the period. 57.37% of the stock is currently owned by institutional investors and hedge funds.

Artesian Resources Stock Performance

Shares of Artesian Resources stock opened at $34.33 on Monday. The firm's fifty day simple moving average is $32.65 and its 200-day simple moving average is $32.74. Artesian Resources Co. has a 12 month low of $29.45 and a 12 month high of $41.29. The stock has a market capitalization of $353.70 million, a price-to-earnings ratio of 17.61 and a beta of 0.27. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.22 and a quick ratio of 1.07.

Artesian Resources (NASDAQ:ARTNA - Get Free Report) last announced its earnings results on Tuesday, March 25th. The utilities provider reported $0.37 EPS for the quarter, beating analysts' consensus estimates of $0.36 by $0.01. Artesian Resources had a net margin of 18.96% and a return on equity of 8.57%. The business had revenue of $25.00 million during the quarter, compared to analysts' expectations of $25.00 million. As a group, equities analysts forecast that Artesian Resources Co. will post 1.92 earnings per share for the current year.

Artesian Resources Profile

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.

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