Clear Harbor Asset Management LLC Has $565,000 Stake in The York Water Company (NASDAQ:YORW)

Clear Harbor Asset Management LLC trimmed its stake in The York Water Company (NASDAQ:YORW) by 8.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,275 shares of the utilities provider’s stock after selling 1,511 shares during the period. Clear Harbor Asset Management LLC owned about 0.12% of York Water worth $565,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. SG Americas Securities LLC grew its holdings in shares of York Water by 69.2% in the 3rd quarter. SG Americas Securities LLC now owns 5,600 shares of the utilities provider’s stock worth $210,000 after purchasing an additional 2,291 shares during the last quarter. The Manufacturers Life Insurance Company bought a new stake in York Water during the second quarter worth about $238,000. GSA Capital Partners LLP acquired a new stake in shares of York Water during the third quarter worth approximately $268,000. FMR LLC raised its stake in shares of York Water by 79.9% in the third quarter. FMR LLC now owns 7,271 shares of the utilities provider’s stock valued at $272,000 after acquiring an additional 3,229 shares during the last quarter. Finally, D.A. Davidson & CO. acquired a new position in shares of York Water in the 3rd quarter worth approximately $341,000. 49.86% of the stock is currently owned by institutional investors and hedge funds.

York Water Stock Up 0.5 %

NASDAQ YORW opened at $31.46 on Wednesday. The stock’s 50 day simple moving average is $33.74 and its 200 day simple moving average is $36.58. The York Water Company has a one year low of $30.02 and a one year high of $41.96. The firm has a market cap of $452.08 million, a PE ratio of 21.26 and a beta of 0.64. 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 Thursday, November 7th. The utilities provider reported $0.41 EPS for the quarter, hitting the consensus estimate of $0.41. York Water had a return on equity of 9.44% and a net margin of 28.57%. The company had revenue of $19.72 million for the quarter, compared to analysts’ expectations of $19.00 million. As a group, sell-side analysts forecast that The York Water Company will post 1.43 earnings per share for the current fiscal year.

York Water Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a $0.2192 dividend. This represents a $0.88 annualized dividend and a yield of 2.79%. The ex-dividend date of this dividend was Tuesday, December 31st. This is a boost from York Water’s previous quarterly dividend of $0.21. York Water’s dividend payout ratio (DPR) is presently 59.46%.

York Water 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.