Nebula Research & Development LLC Sells 2,863 Shares of Consolidated Water Co. Ltd. (NASDAQ:CWCO)

Nebula Research & Development LLC lowered its stake in Consolidated Water Co. Ltd. (NASDAQ:CWCO) by 24.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 8,976 shares of the utilities provider’s stock after selling 2,863 shares during the quarter. Nebula Research & Development LLC’s holdings in Consolidated Water were worth $232,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Wasatch Advisors LP bought a new position in Consolidated Water in the 4th quarter valued at $4,443,000. Heartland Advisors Inc. bought a new position in Consolidated Water in the fourth quarter valued at about $2,833,000. JPMorgan Chase & Co. increased its position in Consolidated Water by 54.7% in the third quarter. JPMorgan Chase & Co. now owns 299,102 shares of the utilities provider’s stock worth $7,540,000 after purchasing an additional 105,711 shares during the period. Inspire Investing LLC bought a new stake in Consolidated Water during the 4th quarter worth about $849,000. Finally, Trexquant Investment LP raised its holdings in Consolidated Water by 284.8% during the 4th quarter. Trexquant Investment LP now owns 43,381 shares of the utilities provider’s stock worth $1,123,000 after purchasing an additional 32,106 shares during the last quarter. Institutional investors and hedge funds own 55.16% of the company’s stock.

Insider Buying and Selling at Consolidated Water

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

Consolidated Water Trading Down 0.4 %

Shares of NASDAQ CWCO opened at $23.14 on Friday. The firm has a market capitalization of $368.32 million, a PE ratio of 14.28, a price-to-earnings-growth ratio of 2.44 and a beta of 0.27. The firm’s 50-day moving average is $25.35 and its 200-day moving average is $25.73. Consolidated Water Co. Ltd. has a 1 year low of $22.89 and a 1 year high of $30.32.

Consolidated Water Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 1st were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date of this dividend was Tuesday, April 1st. Consolidated Water’s dividend payout ratio is presently 27.16%.

Consolidated Water 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.