Insider Selling: Consolidated Water (NASDAQ:CWCO) Director Sells $35,802.00 in Stock

Consolidated Water Co. Ltd. (NASDAQ:CWCO) Director Wilmer Pergande sold 1,053 shares of the stock in a transaction on Monday, December 1st. The shares were sold at an average price of $34.00, for a total value of $35,802.00. Following the sale, the director owned 36,183 shares of the company’s stock, valued at approximately $1,230,222. This represents a 2.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Consolidated Water Price Performance

Consolidated Water stock opened at $34.12 on Friday. Consolidated Water Co. Ltd. has a 1-year low of $22.69 and a 1-year high of $38.36. The business has a fifty day moving average price of $34.64 and a 200-day moving average price of $31.99. The stock has a market capitalization of $543.53 million, a price-to-earnings ratio of 35.18 and a beta of 0.50.

Consolidated Water (NASDAQ:CWCO) last released its quarterly earnings results on Monday, November 10th. The utilities provider reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.10. Consolidated Water had a return on equity of 7.95% and a net margin of 12.90%.The company had revenue of $35.12 million during the quarter, compared to analysts’ expectations of $32.90 million. On average, equities research analysts anticipate that Consolidated Water Co. Ltd. will post 1.27 earnings per share for the current fiscal year.

Consolidated Water Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Friday, January 2nd will be paid a $0.14 dividend. The ex-dividend date is Friday, January 2nd. This represents a $0.56 dividend on an annualized basis and a yield of 1.6%. Consolidated Water’s dividend payout ratio (DPR) is 57.73%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Oliver Lagore Vanvalin Investment Group purchased a new position in shares of Consolidated Water during the 2nd quarter valued at about $30,000. Quarry LP acquired a new stake in Consolidated Water during the third quarter worth about $40,000. Tower Research Capital LLC TRC raised its position in Consolidated Water by 335.7% during the second quarter. Tower Research Capital LLC TRC now owns 1,512 shares of the utilities provider’s stock valued at $45,000 after acquiring an additional 1,165 shares in the last quarter. New Age Alpha Advisors LLC acquired a new position in Consolidated Water in the first quarter valued at approximately $60,000. Finally, Byrne Asset Management LLC lifted its holdings in Consolidated Water by 35.9% in the second quarter. Byrne Asset Management LLC now owns 2,254 shares of the utilities provider’s stock valued at $68,000 after acquiring an additional 595 shares during the period. Hedge funds and other institutional investors own 55.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Roth Capital upped their price target on shares of Consolidated Water from $38.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, August 13th. Wall Street Zen raised Consolidated Water from a “hold” rating to a “buy” rating in a research report on Sunday, November 16th. Finally, Weiss Ratings raised Consolidated Water from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $40.00.

About Consolidated Water

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.