News coverage about Artesian Resources (NASDAQ:ARTNA) has trended somewhat positive recently, according to Accern. The research group ranks the sentiment of press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Artesian Resources earned a daily sentiment score of 0.10 on Accern’s scale. Accern also gave media headlines about the utilities provider an impact score of 46.4879302006065 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

ARTNA has been the subject of a number of research analyst reports. Hilliard Lyons downgraded Artesian Resources from a “buy” rating to a “neutral” rating and set a $41.00 price target for the company. in a report on Thursday, May 4th. Zacks Investment Research downgraded Artesian Resources from a “buy” rating to a “hold” rating in a report on Tuesday, May 9th. Finally, BidaskClub downgraded Artesian Resources from a “hold” rating to a “sell” rating in a research note on Friday.

Shares of Artesian Resources (NASDAQ ARTNA) traded down 3.41% on Friday, reaching $36.01. The company had a trading volume of 27,070 shares. The company’s 50-day moving average is $38.17 and its 200 day moving average is $35.77. Artesian Resources has a 12 month low of $26.28 and a 12 month high of $41.90. The firm has a market capitalization of $330.86 million, a PE ratio of 24.66 and a beta of 0.10.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 25th. Shareholders of record on Monday, August 14th will be given a $0.2317 dividend. The ex-dividend date is Thursday, August 10th. This represents a $0.93 dividend on an annualized basis and a dividend yield of 2.57%. Artesian Resources’s dividend payout ratio is currently 63.27%.

In other news, insider Dian C. Taylor sold 4,702 shares of the stock in a transaction that occurred on Friday, June 23rd. The stock was sold at an average price of $40.08, for a total value of $188,456.16. Following the completion of the transaction, the insider now directly owns 97,152 shares of the company’s stock, valued at approximately $3,893,852.16. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director William C. Wyer sold 2,255 shares of the stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $37.60, for a total value of $84,788.00. Following the completion of the transaction, the director now directly owns 17,755 shares of the company’s stock, valued at $667,588. The disclosure for this sale can be found here. Insiders sold a total of 25,905 shares of company stock valued at $1,039,757 in the last quarter. Corporate insiders own 20.59% of the company’s stock.

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Artesian Resources Company Profile

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

Insider Buying and Selling by Quarter for Artesian Resources (NASDAQ:ARTNA)

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