Insider Selling: Consolidated Water Co. Ltd. (NASDAQ:CWCO) Director Sells 10,000 Shares of Stock

Consolidated Water Co. Ltd. (NASDAQ:CWCO) Director Raymond Whittaker sold 10,000 shares of the business’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $16.52, for a total transaction of $165,200.00. Following the transaction, the director now owns 16,065 shares in the company, valued at $265,393.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

CWCO traded down $0.06 on Monday, reaching $16.55. 433 shares of the company’s stock were exchanged, compared to its average volume of 71,551. The stock has a market cap of $249.65 million, a PE ratio of 24.49, a P/E/G ratio of 3.52 and a beta of 0.54. Consolidated Water Co. Ltd. has a twelve month low of $10.76 and a twelve month high of $17.87. The stock’s fifty day moving average price is $16.64 and its 200-day moving average price is $15.11. The company has a debt-to-equity ratio of 0.02, a current ratio of 13.45 and a quick ratio of 12.89.

Consolidated Water (NASDAQ:CWCO) last issued its earnings results on Tuesday, November 12th. The utilities provider reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.05). Consolidated Water had a return on equity of 5.66% and a net margin of 18.56%. The firm had revenue of $15.89 million for the quarter, compared to analysts’ expectations of $17.95 million. As a group, research analysts predict that Consolidated Water Co. Ltd. will post 0.59 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Thursday, January 2nd will be paid a dividend of $0.085 per share. This represents a $0.34 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date of this dividend is Tuesday, December 31st. Consolidated Water’s dividend payout ratio (DPR) is presently 50.00%.

A number of equities analysts recently weighed in on CWCO shares. Janney Montgomery Scott restated a “buy” rating on shares of Consolidated Water in a research report on Tuesday, August 13th. ValuEngine lowered shares of Consolidated Water from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, BidaskClub upgraded shares of Consolidated Water from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st.

Hedge funds have recently modified their holdings of the business. Meeder Asset Management Inc. raised its stake in Consolidated Water by 333.4% during the third quarter. Meeder Asset Management Inc. now owns 4,568 shares of the utilities provider’s stock worth $74,000 after purchasing an additional 3,514 shares during the period. Advisory Services Network LLC raised its stake in shares of Consolidated Water by 114.2% in the 2nd quarter. Advisory Services Network LLC now owns 5,196 shares of the utilities provider’s stock valued at $74,000 after acquiring an additional 2,770 shares during the period. Russell Investments Group Ltd. raised its stake in shares of Consolidated Water by 1,173.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 12,733 shares of the utilities provider’s stock valued at $210,000 after acquiring an additional 11,733 shares during the period. Squarepoint Ops LLC purchased a new stake in shares of Consolidated Water in the 3rd quarter valued at approximately $251,000. Finally, HighTower Advisors LLC raised its stake in shares of Consolidated Water by 15.9% in the 2nd quarter. HighTower Advisors LLC now owns 18,222 shares of the utilities provider’s stock valued at $260,000 after acquiring an additional 2,500 shares during the period. 54.40% of the stock is currently owned by institutional investors.

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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