Emerald Acquisition Ltd. Purchases New Stake in Middlesex Water Co. (MSEX)
Emerald Acquisition Ltd. purchased a new stake in shares of Middlesex Water Co. (NASDAQ:MSEX) during the second quarter, according to its most recent disclosure with the SEC. The firm purchased 25,497 shares of the company’s stock, valued at approximately $1,106,000. Emerald Acquisition Ltd. owned about 0.16% of Middlesex Water as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Mcrae Capital Management Inc. acquired a new stake in Middlesex Water during the second quarter valued at about $234,000. Bank of Montreal Can acquired a new stake in Middlesex Water during the second quarter valued at about $257,000. Strs Ohio boosted its stake in Middlesex Water by 8.2% in the second quarter. Strs Ohio now owns 6,600 shares of the company’s stock valued at $286,000 after buying an additional 500 shares during the period. Aperio Group LLC acquired a new stake in Middlesex Water during the first quarter valued at about $438,000. Finally, Mitchell Mcleod Pugh & Williams Inc. boosted its stake in Middlesex Water by 6.5% in the second quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 10,650 shares of the company’s stock valued at $462,000 after buying an additional 650 shares during the period. 43.91% of the stock is owned by hedge funds and other institutional investors.
Middlesex Water Co. (NASDAQ:MSEX) traded down 1.49% during midday trading on Friday, reaching $33.02. The company’s stock had a trading volume of 55,228 shares. Middlesex Water Co. has a 52 week low of $24.01 and a 52 week high of $44.11. The stock has a market capitalization of $537.57 million, a PE ratio of 24.64 and a beta of 0.47. The firm’s 50-day moving average price is $34.72 and its 200-day moving average price is $36.93.
Middlesex Water (NASDAQ:MSEX) last released its earnings results on Tuesday, August 2nd. The company reported $0.36 earnings per share (EPS) for the quarter. Middlesex Water had a return on equity of 10.58% and a net margin of 17.08%. The company had revenue of $32.70 million for the quarter, compared to analysts’ expectations of $31.60 million. On average, analysts anticipate that Middlesex Water Co. will post $1.30 earnings per share for the current year.
Middlesex Water Company Profile
Middlesex Water Company is a water utility company. The Company has two segments: regulated and non-regulated. The regulated business includes collecting, treating and distributing water on a retail and wholesale basis to residential, commercial, industrial and fire protection customers in parts of New Jersey, Delaware and Pennsylvania.
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