Insider Selling: Consolidated Water Co. Ltd. (NASDAQ:CWCO) Director Sells $67,608.00 in Stock

Consolidated Water Co. Ltd. (NASDAQ:CWCOGet Free Report) Director Clarence B. Flowers sold 2,700 shares of the firm’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $25.04, for a total transaction of $67,608.00. Following the sale, the director now owns 300,500 shares of the company’s stock, valued at approximately $7,524,520. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Consolidated Water Price Performance

NASDAQ:CWCO opened at $24.83 on Thursday. The business has a fifty day simple moving average of $26.34 and a two-hundred day simple moving average of $29.65. Consolidated Water Co. Ltd. has a 1 year low of $19.07 and a 1 year high of $38.29.

Consolidated Water (NASDAQ:CWCOGet Free Report) last announced its quarterly earnings data on Wednesday, May 15th. The utilities provider reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.04. The company had revenue of $39.69 million during the quarter, compared to analyst estimates of $38.65 million. Consolidated Water had a return on equity of 18.02% and a net margin of 17.24%. On average, equities analysts predict that Consolidated Water Co. Ltd. will post 1.33 EPS for the current year.

Consolidated Water Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Monday, July 1st will be paid a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date of this dividend is Monday, July 1st.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Aviva PLC bought a new position in shares of Consolidated Water in the third quarter worth $587,000. Invesco Ltd. boosted its stake in Consolidated Water by 86.8% in the 3rd quarter. Invesco Ltd. now owns 379,739 shares of the utilities provider’s stock worth $10,800,000 after purchasing an additional 176,412 shares during the period. Kayne Anderson Rudnick Investment Management LLC grew its holdings in Consolidated Water by 194.5% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,347 shares of the utilities provider’s stock valued at $124,000 after buying an additional 2,871 shares in the last quarter. Legato Capital Management LLC bought a new stake in shares of Consolidated Water during the fourth quarter valued at about $2,766,000. Finally, Wealthstar Advisors LLC increased its position in shares of Consolidated Water by 102.0% during the fourth quarter. Wealthstar Advisors LLC now owns 34,791 shares of the utilities provider’s stock valued at $1,239,000 after buying an additional 17,570 shares during the period. 55.16% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Consolidated Water from a “buy” rating to a “hold” rating in a research report on Friday, May 10th.

Read Our Latest Analysis on Consolidated Water

About Consolidated Water

(Get Free Report)

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.

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