Consolidated Water Co. (NASDAQ:CWCO) Director Raymond Whittaker sold 11,109 shares of the business’s stock in a transaction on Wednesday, November 23rd. The shares were sold at an average price of $11.52, for a total transaction of $127,975.68. Following the sale, the director now owns 24,065 shares of the company’s stock, valued at approximately $277,228.80. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Consolidated Water Co. (NASDAQ:CWCO) opened at 11.40 on Monday. Consolidated Water Co. has a 12-month low of $10.23 and a 12-month high of $14.69. The firm’s 50-day moving average is $11.09 and its 200-day moving average is $12.48. The stock has a market capitalization of $168.93 million, a P/E ratio of 42.38 and a beta of 0.78.
Consolidated Water (NASDAQ:CWCO) last released its quarterly earnings data on Thursday, November 10th. The company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by $0.29. The company had revenue of $5.45 million for the quarter, compared to analysts’ expectations of $16.10 million. Consolidated Water had a net margin of 6.97% and a return on equity of 5.03%. Analysts predict that Consolidated Water Co. will post $0.61 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, October 31st. Investors of record on Monday, October 3rd were paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date of this dividend was Thursday, September 29th. Consolidated Water’s payout ratio is 111.11%.
A number of hedge funds have recently made changes to their positions in CWCO. The Manufacturers Life Insurance Company acquired a new stake in shares of Consolidated Water during the third quarter worth approximately $139,000. Martingale Asset Management L P acquired a new stake in shares of Consolidated Water during the second quarter worth approximately $142,000. Rhumbline Advisers raised its stake in shares of Consolidated Water by 0.6% in the third quarter. Rhumbline Advisers now owns 19,602 shares of the company’s stock worth $228,000 after buying an additional 110 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Consolidated Water by 4.1% in the second quarter. Vanguard Group Inc. now owns 24,370 shares of the company’s stock worth $318,000 after buying an additional 949 shares during the last quarter. Finally, Globeflex Capital L P acquired a new stake in shares of Consolidated Water during the second quarter worth approximately $334,000. 45.05% of the stock is owned by institutional investors.
CWCO has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of Consolidated Water from a “sell” rating to a “hold” rating in a research note on Monday, October 17th. TheStreet lowered shares of Consolidated Water from a “buy” rating to a “hold” rating in a research note on Thursday, November 17th.
Consolidated Water Company Profile