Consolidated Water Co. Ltd. (NASDAQ:CWCO) Shares Bought by Hussman Strategic Advisors Inc.

Hussman Strategic Advisors Inc. raised its position in Consolidated Water Co. Ltd. (NASDAQ:CWCO) by 33.3% during the second quarter, Holdings Channel.com reports. The firm owned 84,000 shares of the utilities provider’s stock after buying an additional 21,000 shares during the period. Hussman Strategic Advisors Inc.’s holdings in Consolidated Water were worth $2,229,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of CWCO. Precision Wealth Strategies LLC grew its position in shares of Consolidated Water by 8.6% in the first quarter. Precision Wealth Strategies LLC now owns 6,912 shares of the utilities provider’s stock valued at $203,000 after purchasing an additional 547 shares during the period. Farrow Financial Inc. increased its position in Consolidated Water by 0.7% during the second quarter. Farrow Financial Inc. now owns 90,636 shares of the utilities provider’s stock worth $2,405,000 after purchasing an additional 602 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in Consolidated Water by 0.9% during the second quarter. Allspring Global Investments Holdings LLC now owns 68,701 shares of the utilities provider’s stock worth $1,823,000 after purchasing an additional 643 shares during the period. GoalVest Advisory LLC purchased a new stake in shares of Consolidated Water during the 1st quarter valued at $29,000. Finally, Russell Investments Group Ltd. increased its holdings in shares of Consolidated Water by 25.6% during the 1st quarter. Russell Investments Group Ltd. now owns 5,050 shares of the utilities provider’s stock worth $148,000 after buying an additional 1,029 shares during the last quarter. 55.16% of the stock is owned by institutional investors and hedge funds.

Consolidated Water Trading Up 0.2 %

NASDAQ:CWCO traded up $0.06 during mid-day trading on Friday, hitting $27.76. The company had a trading volume of 203,835 shares, compared to its average volume of 87,764. Consolidated Water Co. Ltd. has a 1 year low of $23.70 and a 1 year high of $38.29. The business has a fifty day simple moving average of $26.97 and a 200-day simple moving average of $27.22.

Consolidated Water Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 1st will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.59%. This is a positive change from Consolidated Water’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Tuesday, October 1st.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Consolidated Water from a “buy” rating to a “hold” rating in a research report on Friday, May 10th.

Insider Buying and Selling at Consolidated Water

In other Consolidated Water news, Director Clarence B. Flowers sold 2,700 shares of the stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $25.04, for a total transaction of $67,608.00. Following the transaction, the director now directly owns 300,500 shares in the company, valued at approximately $7,524,520. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 5.87% of the stock is currently owned by corporate insiders.

Consolidated Water Company 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.