Penn Capital Management Company LLC Purchases 7,333 Shares of The York Water Company (NASDAQ:YORW)

Penn Capital Management Company LLC boosted its holdings in shares of The York Water Company (NASDAQ:YORW) by 5.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 145,132 shares of the utilities provider’s stock after acquiring an additional 7,333 shares during the quarter. Penn Capital Management Company LLC owned 1.01% of York Water worth $4,749,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in YORW. Martingale Asset Management L P lifted its stake in York Water by 3.0% in the fourth quarter. Martingale Asset Management L P now owns 22,785 shares of the utilities provider’s stock worth $746,000 after acquiring an additional 670 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of York Water by 0.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 117,405 shares of the utilities provider’s stock valued at $3,841,000 after buying an additional 739 shares during the period. Fulton Bank N.A. lifted its stake in shares of York Water by 4.7% in the 4th quarter. Fulton Bank N.A. now owns 16,600 shares of the utilities provider’s stock valued at $543,000 after purchasing an additional 750 shares during the period. Wells Fargo & Company MN raised its holdings in York Water by 6.4% in the 4th quarter. Wells Fargo & Company MN now owns 16,404 shares of the utilities provider’s stock worth $537,000 after purchasing an additional 992 shares during the period. Finally, SG Americas Securities LLC grew its stake in York Water by 17.9% in the 4th quarter. SG Americas Securities LLC now owns 6,605 shares of the utilities provider’s stock valued at $216,000 after acquiring an additional 1,005 shares during the period. 49.86% of the stock is currently owned by institutional investors.

York Water Price Performance

Shares of York Water stock opened at $35.66 on Thursday. The stock has a market capitalization of $513.11 million, a P/E ratio of 24.09 and a beta of 0.65. The York Water Company has a 12 month low of $29.86 and a 12 month high of $41.96. The business has a 50 day simple moving average of $34.08 and a two-hundred day simple moving average of $34.08. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.88 and a quick ratio of 0.68.

York Water (NASDAQ:YORW) last announced its earnings results on Tuesday, March 4th. The utilities provider reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). York Water had a net margin of 28.57% and a return on equity of 9.44%. The firm had revenue of $18.87 million during the quarter, compared to analysts’ expectations of $19.00 million. As a group, analysts predict that The York Water Company will post 1.43 EPS for the current fiscal year.

York Water Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Friday, February 28th were paid a dividend of $0.2192 per share. The ex-dividend date was Friday, February 28th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.46%. York Water’s payout ratio is currently 61.27%.

York Water Company Profile

The York Water Company impounds, purifies, and distributes drinking water. It owns and operates three wastewater collection systems; ten wastewater collection and treatment systems; and two reservoirs, including Lake Williams and Lake Redman, which hold approximately 2.2 billion gallons of water. The company also operates a 15-mile pipeline from the Susquehanna River to Lake Redman; and owns satellite groundwater systems in York, Adams, and Lancaster Counties, as well as two impounding dams on primary system located in York and Springfield Townships.