Heartland Advisors Inc. Purchases Shares of 109,443 Consolidated Water Co. Ltd. (NASDAQ:CWCO)

Heartland Advisors Inc. acquired a new position in shares of Consolidated Water Co. Ltd. (NASDAQ:CWCO) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 109,443 shares of the utilities provider’s stock, valued at approximately $2,833,000.

A number of other hedge funds have also modified their holdings of CWCO. Byrne Asset Management LLC boosted its position in shares of Consolidated Water by 59.3% in the 4th quarter. Byrne Asset Management LLC now owns 1,720 shares of the utilities provider’s stock valued at $45,000 after purchasing an additional 640 shares during the period. Allworth Financial LP boosted its holdings in shares of Consolidated Water by 643.4% in the fourth quarter. Allworth Financial LP now owns 2,349 shares of the utilities provider’s stock worth $61,000 after buying an additional 2,033 shares during the period. Copeland Capital Management LLC boosted its holdings in shares of Consolidated Water by 37.4% in the fourth quarter. Copeland Capital Management LLC now owns 2,634 shares of the utilities provider’s stock worth $68,000 after buying an additional 717 shares during the period. Quantbot Technologies LP raised its holdings in shares of Consolidated Water by 1,538.3% during the fourth quarter. Quantbot Technologies LP now owns 3,981 shares of the utilities provider’s stock valued at $103,000 after acquiring an additional 3,738 shares during the period. Finally, SG Americas Securities LLC lifted its position in shares of Consolidated Water by 23.9% in the 4th quarter. SG Americas Securities LLC now owns 6,479 shares of the utilities provider’s stock valued at $168,000 after acquiring an additional 1,251 shares in the last quarter. 55.16% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Consolidated Water news, CEO Frederick W. Mctaggart sold 2,000 shares of Consolidated Water stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $28.00, for a total transaction of $56,000.00. Following the completion of the sale, the chief executive officer now owns 271,995 shares of the company’s stock, valued at $7,615,860. This trade represents a 0.73 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 5.87% of the company’s stock.

Consolidated Water Stock Performance

NASDAQ CWCO opened at $24.45 on Friday. The firm’s 50 day moving average price is $26.82 and its two-hundred day moving average price is $25.99. Consolidated Water Co. Ltd. has a twelve month low of $23.55 and a twelve month high of $30.32. The stock has a market cap of $388.14 million, a price-to-earnings ratio of 15.09, a PEG ratio of 2.44 and a beta of 0.19.

Consolidated Water Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 1st will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.80%. The ex-dividend date is Tuesday, April 1st. Consolidated Water’s payout ratio is 27.16%.

Consolidated Water Company Profile

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.