Los Angeles Capital Management & Equity Research Inc. decreased its position in shares of Artesian Resources Corp. (NASDAQ:ARTNA) by 23.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,582 shares of the company’s stock after selling 5,260 shares during the period. Los Angeles Capital Management & Equity Research Inc. owned about 0.19% of Artesian Resources Corp. worth $596,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in ARTNA. KBC Group NV boosted its position in Artesian Resources Corp. by 5.3% in the second quarter. KBC Group NV now owns 41,844 shares of the company’s stock worth $1,419,000 after buying an additional 2,109 shares in the last quarter. Ipswich Investment Management Co. Inc. boosted its position in Artesian Resources Corp. by 2.1% in the second quarter. Ipswich Investment Management Co. Inc. now owns 19,685 shares of the company’s stock worth $668,000 after buying an additional 400 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Artesian Resources Corp. by 18.4% in the second quarter. Bank of New York Mellon Corp now owns 78,412 shares of the company’s stock worth $2,659,000 after buying an additional 12,194 shares in the last quarter. Chicago Equity Partners LLC boosted its position in Artesian Resources Corp. by 115.8% in the second quarter. Chicago Equity Partners LLC now owns 35,040 shares of the company’s stock worth $1,189,000 after buying an additional 18,800 shares in the last quarter. Finally, Strs Ohio boosted its position in Artesian Resources Corp. by 8.1% in the second quarter. Strs Ohio now owns 6,700 shares of the company’s stock worth $227,000 after buying an additional 500 shares in the last quarter. Institutional investors and hedge funds own 38.48% of the company’s stock.

Artesian Resources Corp. (NASDAQ:ARTNA) traded up 3.73% during mid-day trading on Thursday, reaching $30.00. The company’s stock had a trading volume of 28,229 shares. The firm’s 50 day moving average is $29.24 and its 200-day moving average is $29.39. The company has a market cap of $273.21 million, a PE ratio of 23.81 and a beta of 0.18. Artesian Resources Corp. has a 12-month low of $23.06 and a 12-month high of $35.00.

Separately, Zacks Investment Research raised Artesian Resources Corp. from a “sell” rating to a “hold” rating in a report on Tuesday.

Artesian Resources Corp. Company Profile

Artesian Resources Corporation is a holding company. The Company, through its subsidiaries, offers water, wastewater and other services on the Delmarva Peninsula. It distributes and sells water, including water for public and private fire protection, to residential, commercial, industrial, municipal and utility customers in Delaware, Maryland and Pennsylvania.

5 Day Chart for NASDAQ:ARTNA

Want to see what other hedge funds are holding ARTNA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Artesian Resources Corp. (NASDAQ:ARTNA).

Receive News & Ratings for Artesian Resources Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Artesian Resources Corp. and related companies with MarketBeat.com's FREE daily email newsletter.