Heartland Advisors Inc. Takes $2.83 Million Position in Consolidated Water Co. Ltd. (NASDAQ:CWCO)

Heartland Advisors Inc. acquired a new position in Consolidated Water Co. Ltd. (NASDAQ:CWCO) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 109,443 shares of the utilities provider’s stock, valued at approximately $2,833,000. Heartland Advisors Inc. owned 0.69% of Consolidated Water as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. American Century Companies Inc. acquired a new stake in shares of Consolidated Water in the fourth quarter valued at approximately $259,000. Quantbot Technologies LP raised its stake in Consolidated Water by 1,538.3% during the 4th quarter. Quantbot Technologies LP now owns 3,981 shares of the utilities provider’s stock valued at $103,000 after acquiring an additional 3,738 shares in the last quarter. Illumine Investment Management LLC acquired a new position in Consolidated Water during the 4th quarter worth $436,000. Allworth Financial LP grew its stake in shares of Consolidated Water by 643.4% in the fourth quarter. Allworth Financial LP now owns 2,349 shares of the utilities provider’s stock worth $61,000 after purchasing an additional 2,033 shares in the last quarter. Finally, TSP Capital Management Group LLC increased its holdings in shares of Consolidated Water by 1.5% during the fourth quarter. TSP Capital Management Group LLC now owns 479,175 shares of the utilities provider’s stock valued at $12,406,000 after purchasing an additional 7,075 shares during the period. 55.16% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

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

Consolidated Water Stock Up 1.3 %

CWCO stock opened at $24.45 on Friday. The company has a market capitalization of $388.14 million, a P/E ratio of 15.09, a PEG ratio of 2.44 and a beta of 0.19. The company has a 50-day simple moving average of $26.82 and a 200 day simple moving average of $25.99. Consolidated Water Co. Ltd. has a fifty-two week low of $23.55 and a fifty-two week high of $30.32.

Consolidated Water Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 1st will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $0.44 annualized dividend and a yield of 1.80%. Consolidated Water’s payout ratio is 27.16%.

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.