Wasatch Advisors LP Buys New Position in Consolidated Water Co. Ltd. (NASDAQ:CWCO)

Wasatch Advisors LP 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 SEC. The institutional investor bought 171,616 shares of the utilities provider's stock, valued at approximately $4,443,000. Wasatch Advisors LP owned about 1.08% of Consolidated Water at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in CWCO. Charles Schwab Investment Management Inc. raised its stake in shares of Consolidated Water by 2.8% in 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 in the last quarter. FMR LLC grew its position in shares of Consolidated Water by 18.7% in the 3rd quarter. FMR LLC now owns 17,911 shares of the utilities provider's stock worth $452,000 after acquiring an additional 2,825 shares in the last quarter. State Street Corp increased its holdings in shares of Consolidated Water by 1.8% in the 3rd quarter. State Street Corp now owns 332,902 shares of the utilities provider's stock valued at $8,392,000 after acquiring an additional 5,976 shares during the last quarter. Jane Street Group LLC lifted its stake in Consolidated Water by 102.5% during the third quarter. Jane Street Group LLC now owns 33,190 shares of the utilities provider's stock worth $837,000 after purchasing an additional 16,803 shares during the last quarter. Finally, Barclays PLC boosted its holdings in Consolidated Water by 288.8% in the third quarter. Barclays PLC now owns 20,350 shares of the utilities provider's stock worth $514,000 after purchasing an additional 15,116 shares during the period. Institutional investors and hedge funds own 55.16% of the company's stock.

Insider Transactions at Consolidated Water

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

Consolidated Water Stock Performance

Shares of Consolidated Water stock traded up $0.54 during trading hours on Tuesday, reaching $24.23. The company's stock had a trading volume of 12,204 shares, compared to its average volume of 110,983. Consolidated Water Co. Ltd. has a one year low of $22.90 and a one year high of $30.32. The company's 50 day simple moving average is $25.93 and its 200 day simple moving average is $25.81. The stock has a market cap of $384.57 million, a P/E ratio of 14.95, a price-to-earnings-growth ratio of 2.44 and a beta of 0.27.

Consolidated Water Dividend Announcement

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

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.