OxFORD Asset Management LLP Takes Position in Artesian Resources Co. (ARTNA)
OxFORD Asset Management LLP acquired a new stake in Artesian Resources Co. (NASDAQ:ARTNA) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 5,374 shares of the utilities provider’s stock, valued at approximately $208,000. OxFORD Asset Management LLP owned approximately 0.06% of Artesian Resources at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Dimensional Fund Advisors LP grew its holdings in Artesian Resources by 9.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 237,999 shares of the utilities provider’s stock valued at $8,997,000 after buying an additional 20,661 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Artesian Resources by 40.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 23,338 shares of the utilities provider’s stock valued at $903,000 after buying an additional 6,707 shares in the last quarter. FCA Corp TX grew its holdings in Artesian Resources by 5.3% in the 3rd quarter. FCA Corp TX now owns 87,149 shares of the utilities provider’s stock valued at $3,294,000 after buying an additional 4,375 shares in the last quarter. SG Americas Securities LLC acquired a new position in Artesian Resources in the 3rd quarter valued at $538,000. Finally, Strs Ohio grew its holdings in Artesian Resources by 25.6% in the 3rd quarter. Strs Ohio now owns 11,300 shares of the utilities provider’s stock valued at $427,000 after buying an additional 2,300 shares in the last quarter. 38.77% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Artesian Resources Co. (NASDAQ ARTNA) opened at $38.56 on Monday. The firm has a market capitalization of $354.44, a price-to-earnings ratio of 27.35 and a beta of 0.09. The company has a current ratio of 0.71, a quick ratio of 0.64 and a debt-to-equity ratio of 0.73. Artesian Resources Co. has a 1 year low of $29.36 and a 1 year high of $43.22.
Artesian Resources (NASDAQ:ARTNA) last released its earnings results on Thursday, November 2nd. The utilities provider reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.03). The company had revenue of $22.36 million for the quarter. Artesian Resources had a net margin of 15.96% and a return on equity of 9.18%. sell-side analysts anticipate that Artesian Resources Co. will post 1.42 earnings per share for the current year.
In other news, insider Dian C. Taylor sold 8,798 shares of the company’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $42.36, for a total transaction of $372,683.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William C. Wyer sold 6,750 shares of the company’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $42.00, for a total value of $283,500.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,548 shares of company stock valued at $734,283. Corporate insiders own 20.59% of the company’s stock.
A number of research analysts have commented on the company. BidaskClub lowered Artesian Resources from a “hold” rating to a “sell” rating in a report on Thursday, December 7th. Zacks Investment Research raised Artesian Resources from a “sell” rating to a “hold” rating in a report on Tuesday, September 19th.
Artesian Resources 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.
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