Artesian Resources Co. (ARTNA) Director Kenneth R. Biederman Sells 1,000 Shares

Artesian Resources Co. (NASDAQ:ARTNA) Director Kenneth R. Biederman sold 1,000 shares of the business’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $37.00, for a total transaction of $37,000.00. Following the completion of the transaction, the director now directly owns 19,875 shares of the company’s stock, valued at approximately $735,375. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

ARTNA opened at $34.08 on Friday. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.49 and a quick ratio of 0.46. The stock has a market capitalization of $311.28 million, a price-to-earnings ratio of 19.69 and a beta of 0.06. Artesian Resources Co. has a 12 month low of $32.00 and a 12 month high of $40.17.

Artesian Resources (NASDAQ:ARTNA) last posted its quarterly earnings results on Wednesday, November 7th. The utilities provider reported $0.42 EPS for the quarter. The company had revenue of $21.92 million during the quarter. Artesian Resources had a return on equity of 10.74% and a net margin of 18.51%.



Several analysts have commented on the company. BidaskClub cut Artesian Resources from a “hold” rating to a “sell” rating in a report on Friday. ValuEngine upgraded Artesian Resources from a “hold” rating to a “buy” rating in a report on Tuesday, November 6th.

Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc increased its holdings in shares of Artesian Resources by 1.9% during the 3rd quarter. Vanguard Group Inc now owns 388,079 shares of the utilities provider’s stock valued at $14,273,000 after acquiring an additional 7,218 shares during the last quarter. Vanguard Group Inc. grew its holdings in Artesian Resources by 1.9% in the 3rd quarter. Vanguard Group Inc. now owns 388,079 shares of the utilities provider’s stock valued at $14,273,000 after buying an additional 7,218 shares during the last quarter. Captrust Financial Advisors acquired a new stake in Artesian Resources in the 3rd quarter valued at approximately $164,000. MetLife Investment Advisors LLC lifted its position in shares of Artesian Resources by 60.6% in the 3rd quarter. MetLife Investment Advisors LLC now owns 6,050 shares of the utilities provider’s stock worth $223,000 after acquiring an additional 2,284 shares during the period. Finally, Renaissance Technologies LLC lifted its position in shares of Artesian Resources by 2.9% in the 3rd quarter. Renaissance Technologies LLC now owns 351,600 shares of the utilities provider’s stock worth $12,932,000 after acquiring an additional 9,800 shares during the period. Institutional investors own 38.76% of the company’s stock.

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Artesian Resources Company Profile

Artesian Resources Corporation, through its subsidiaries, provides water, wastewater, and other services on the Delmarva Peninsula. The company distributes and sells water to residential, commercial, industrial, governmental, municipal, and utility customers, as well as for public and private fire protection in the states of Delaware, Maryland, and Pennsylvania; and offers wastewater services to customers in Delaware.

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