Short Interest in The York Water Company (NASDAQ:YORW) Drops By 20.8%

The York Water Company (NASDAQ:YORW - Get Free Report) was the recipient of a significant decrease in short interest in March. As of March 15th, there was short interest totalling 145,400 shares, a decrease of 20.8% from the February 28th total of 183,700 shares. Based on an average daily volume of 71,600 shares, the short-interest ratio is currently 2.0 days. Approximately 1.0% of the shares of the company are sold short.

Hedge Funds Weigh In On York Water

Large investors have recently made changes to their positions in the stock. New Age Alpha Advisors LLC purchased a new position in York Water in the fourth quarter valued at about $41,000. Aquatic Capital Management LLC increased its stake in York Water by 67.0% in the 4th quarter. Aquatic Capital Management LLC now owns 2,701 shares of the utilities provider's stock valued at $88,000 after purchasing an additional 1,084 shares in the last quarter. AlphaQuest LLC purchased a new stake in York Water during the fourth quarter worth $160,000. KLP Kapitalforvaltning AS acquired a new stake in York Water in the fourth quarter valued at $211,000. Finally, SG Americas Securities LLC grew its holdings in York Water by 17.9% in the fourth quarter. SG Americas Securities LLC now owns 6,605 shares of the utilities provider's stock valued at $216,000 after purchasing an additional 1,005 shares during the last quarter. Hedge funds and other institutional investors own 49.86% of the company's stock.

York Water Stock Performance

NASDAQ:YORW traded down $0.36 during mid-day trading on Wednesday, reaching $34.44. The stock had a trading volume of 13,579 shares, compared to its average volume of 66,615. York Water has a twelve month low of $29.86 and a twelve month high of $41.96. The business has a 50 day simple moving average of $32.90 and a 200 day simple moving average of $34.40. The firm has a market capitalization of $495.56 million, a price-to-earnings ratio of 23.27 and a beta of 0.61. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.68 and a current ratio of 0.88.

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York Water (NASDAQ:YORW - Get Free Report) last posted its quarterly earnings results on Tuesday, March 4th. The utilities provider reported $0.36 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.01). York Water had a net margin of 28.57% and a return on equity of 9.44%. The business had revenue of $18.87 million during the quarter, compared to analyst estimates of $19.00 million. On average, analysts expect that York Water will post 1.43 earnings per share for the current fiscal year.

York Water Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.2192 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.55%. York Water's dividend payout ratio (DPR) is presently 61.27%.

About York Water

The York Water Company impounds, purifies, and distributes drinking water. It owns and operates three wastewater collection systems; ten wastewater collection and treatment systems; and two reservoirs, including Lake Williams and Lake Redman, which hold approximately 2.2 billion gallons of water. The company also operates a 15-mile pipeline from the Susquehanna River to Lake Redman; and owns satellite groundwater systems in York, Adams, and Lancaster Counties, as well as two impounding dams on primary system located in York and Springfield Townships.