Insider Buying: Consolidated Water Co. Ltd. (NASDAQ:CWCO) Director Acquires 2,341 Shares of Stock

Consolidated Water Co. Ltd. (NASDAQ:CWCO) Director Richard Finlay bought 2,341 shares of the firm’s stock in a transaction that occurred on Friday, March 20th. The shares were purchased at an average cost of $14.49 per share, for a total transaction of $33,921.09. Following the acquisition, the director now directly owns 56,385 shares in the company, valued at approximately $817,018.65. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Richard Finlay also recently made the following trade(s):

  • On Monday, March 23rd, Richard Finlay purchased 5,445 shares of Consolidated Water stock. The shares were purchased at an average price of $14.39 per share, with a total value of $78,353.55.
  • On Wednesday, March 18th, Richard Finlay purchased 3,326 shares of Consolidated Water stock. The stock was purchased at an average cost of $14.97 per share, for a total transaction of $49,790.22.

NASDAQ:CWCO opened at $14.19 on Thursday. The stock has a market cap of $216.98 million, a P/E ratio of 25.34, a PEG ratio of 2.68 and a beta of 0.54. The company has a quick ratio of 8.58, a current ratio of 8.98 and a debt-to-equity ratio of 0.02. The business’s 50-day moving average price is $16.76 and its two-hundred day moving average price is $16.50. Consolidated Water Co. Ltd. has a twelve month low of $12.00 and a twelve month high of $18.83.

Consolidated Water (NASDAQ:CWCO) last issued its quarterly earnings data on Monday, March 16th. The utilities provider reported $0.11 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.03). Consolidated Water had a return on equity of 5.39% and a net margin of 17.70%. On average, equities research analysts expect that Consolidated Water Co. Ltd. will post 0.67 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Wednesday, April 1st will be given a dividend of $0.085 per share. The ex-dividend date is Tuesday, March 31st. This represents a $0.34 annualized dividend and a yield of 2.40%. Consolidated Water’s payout ratio is presently 60.71%.

A number of hedge funds have recently added to or reduced their stakes in the business. Sunbelt Securities Inc. bought a new position in shares of Consolidated Water in the 4th quarter worth $5,509,000. Geode Capital Management LLC raised its position in Consolidated Water by 43.2% during the fourth quarter. Geode Capital Management LLC now owns 107,749 shares of the utilities provider’s stock valued at $1,756,000 after purchasing an additional 32,482 shares in the last quarter. Baird Financial Group Inc. bought a new stake in Consolidated Water during the fourth quarter worth about $203,000. Bank of New York Mellon Corp increased its position in shares of Consolidated Water by 3.8% during the 4th quarter. Bank of New York Mellon Corp now owns 39,486 shares of the utilities provider’s stock valued at $644,000 after purchasing an additional 1,442 shares during the last quarter. Finally, UBS Group AG raised its holdings in shares of Consolidated Water by 15.7% during the 4th quarter. UBS Group AG now owns 68,417 shares of the utilities provider’s stock valued at $1,115,000 after buying an additional 9,299 shares in the last quarter. 55.23% of the stock is owned by institutional investors and hedge funds.

Separately, BidaskClub upgraded Consolidated Water from a “hold” rating to a “buy” rating in a research report on Saturday, February 15th.

Consolidated Water Company Profile

Consolidated Water Co Ltd., together with its subsidiaries, develops and operates seawater desalination plants and water distribution systems primarily in the Cayman Islands, the Bahamas, Indonesia, and the United States. The company operates through four segments: Retail, Bulk, Services, and Manufacturing.

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Insider Buying and Selling by Quarter for Consolidated Water (NASDAQ:CWCO)

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