Hendershot Investments Inc. Acquires Shares of 10,500 Consolidated Water Co. Ltd. (CWCO)

Hendershot Investments Inc. acquired a new position in shares of Consolidated Water Co. Ltd. (NASDAQ:CWCO) during the 1st quarter, HoldingsChannel.com reports. The fund acquired 10,500 shares of the utilities provider’s stock, valued at approximately $135,000.

A number of other institutional investors have also recently added to or reduced their stakes in CWCO. Penn Capital Management Co. Inc. bought a new position in Consolidated Water during the 1st quarter worth approximately $3,079,000. Amundi Pioneer Asset Management Inc. boosted its stake in Consolidated Water by 8.4% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 1,147,381 shares of the utilities provider’s stock worth $13,379,000 after acquiring an additional 89,192 shares during the last quarter. Icon Advisers Inc. Co. boosted its stake in Consolidated Water by 35.2% during the 1st quarter. Icon Advisers Inc. Co. now owns 156,400 shares of the utilities provider’s stock worth $2,013,000 after acquiring an additional 40,700 shares during the last quarter. BlackRock Inc. boosted its stake in Consolidated Water by 3.8% during the 4th quarter. BlackRock Inc. now owns 836,911 shares of the utilities provider’s stock worth $9,758,000 after acquiring an additional 30,836 shares during the last quarter. Finally, Millennium Management LLC acquired a new stake in Consolidated Water during the 4th quarter worth approximately $358,000. 54.49% of the stock is currently owned by institutional investors and hedge funds.

Shares of CWCO stock opened at $13.74 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 7.61 and a current ratio of 8.42. The company has a market cap of $202.47 million, a price-to-earnings ratio of 22.10, a P/E/G ratio of 2.55 and a beta of 0.78. Consolidated Water Co. Ltd. has a 52 week low of $10.76 and a 52 week high of $15.00.

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Monday, April 1st were issued a dividend of $0.085 per share. The ex-dividend date was Friday, March 29th. This represents a $0.34 annualized dividend and a yield of 2.47%. Consolidated Water’s dividend payout ratio (DPR) is currently 50.00%.

CWCO has been the topic of several research analyst reports. ValuEngine downgraded shares of Consolidated Water from a “buy” rating to a “hold” rating in a report on Sunday, February 10th. Zacks Investment Research downgraded shares of Consolidated Water from a “hold” rating to a “sell” rating in a report on Tuesday, April 16th.

In other Consolidated Water news, Director Clarence B. Flowers sold 6,603 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $13.50, for a total transaction of $89,140.50. Following the sale, the director now directly owns 21,873 shares in the company, valued at approximately $295,285.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Wilmer F. Pergande sold 2,383 shares of the firm’s stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $12.78, for a total transaction of $30,454.74. Following the sale, the director now owns 27,580 shares in the company, valued at $352,472.40. The disclosure for this sale can be found here. Insiders have sold a total of 17,237 shares of company stock worth $223,560 over the last 90 days. Corporate insiders own 4.79% of the company’s stock.

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About Consolidated Water

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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Institutional Ownership by Quarter for Consolidated Water (NASDAQ:CWCO)

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