Clear Harbor Asset Management LLC Sells 1,511 Shares of The York Water Company (NASDAQ:YORW)

Clear Harbor Asset Management LLC decreased its position in The York Water Company (NASDAQ:YORW) by 8.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 17,275 shares of the utilities provider’s stock after selling 1,511 shares during the quarter. Clear Harbor Asset Management LLC’s holdings in York Water were worth $565,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC lifted its position in York Water by 69.2% during the 3rd quarter. SG Americas Securities LLC now owns 5,600 shares of the utilities provider’s stock valued at $210,000 after purchasing an additional 2,291 shares during the period. The Manufacturers Life Insurance Company acquired a new position in York Water in the second quarter valued at approximately $238,000. GSA Capital Partners LLP bought a new position in York Water in the third quarter valued at approximately $268,000. FMR LLC grew its holdings in York Water by 79.9% during the 3rd quarter. FMR LLC now owns 7,271 shares of the utilities provider’s stock worth $272,000 after acquiring an additional 3,229 shares during the period. Finally, Susquehanna Fundamental Investments LLC bought a new stake in shares of York Water during the 2nd quarter valued at $339,000. 49.86% of the stock is currently owned by institutional investors and hedge funds.

York Water Stock Up 0.5 %

NASDAQ:YORW opened at $31.46 on Wednesday. The company has a quick ratio of 0.68, a current ratio of 0.88 and a debt-to-equity ratio of 0.87. The York Water Company has a 12-month low of $30.02 and a 12-month high of $41.96. The stock’s fifty day simple moving average is $33.74 and its 200-day simple moving average is $36.58. The firm has a market capitalization of $452.08 million, a P/E ratio of 21.26 and a beta of 0.64.

York Water (NASDAQ:YORW) last issued its earnings results on Thursday, November 7th. The utilities provider reported $0.41 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.41. The firm had revenue of $19.72 million for the quarter, compared to analysts’ expectations of $19.00 million. York Water had a return on equity of 9.44% and a net margin of 28.57%. Equities research analysts expect that The York Water Company will post 1.43 earnings per share for the current year.

York Water Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a $0.2192 dividend. This represents a $0.88 annualized dividend and a yield of 2.79%. The ex-dividend date was Tuesday, December 31st. This is an increase from York Water’s previous quarterly dividend of $0.21. York Water’s dividend payout ratio is presently 59.46%.

About York Water

The York Water Company impounds, purifies, and distributes drinking water. It owns and operates three wastewater collection systems; ten wastewater collection and treatment systems; and two reservoirs, including Lake Williams and Lake Redman, which hold approximately 2.2 billion gallons of water. The company also operates a 15-mile pipeline from the Susquehanna River to Lake Redman; and owns satellite groundwater systems in York, Adams, and Lancaster Counties, as well as two impounding dams on primary system located in York and Springfield Townships.