14,878 Shares in Artesian Resources Corporation $ARTNA Acquired by R Squared Ltd

R Squared Ltd bought a new position in shares of Artesian Resources Corporation (NASDAQ:ARTNA) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 14,878 shares of the utilities provider’s stock, valued at approximately $485,000. R Squared Ltd owned approximately 0.14% of Artesian Resources as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Jones Financial Companies Lllp raised its stake in shares of Artesian Resources by 39.7% in the third quarter. Jones Financial Companies Lllp now owns 1,435 shares of the utilities provider’s stock valued at $47,000 after acquiring an additional 408 shares in the last quarter. Osaic Holdings Inc. grew its stake in Artesian Resources by 44.6% during the 2nd quarter. Osaic Holdings Inc. now owns 1,632 shares of the utilities provider’s stock worth $55,000 after purchasing an additional 503 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in Artesian Resources by 422.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 3,717 shares of the utilities provider’s stock worth $125,000 after purchasing an additional 3,005 shares during the period. Gitterman Wealth Management LLC raised its position in Artesian Resources by 122.0% in the 3rd quarter. Gitterman Wealth Management LLC now owns 7,134 shares of the utilities provider’s stock valued at $233,000 after purchasing an additional 3,921 shares in the last quarter. Finally, Creative Planning acquired a new stake in Artesian Resources in the 2nd quarter valued at about $267,000. Institutional investors and hedge funds own 57.37% of the company’s stock.

Artesian Resources Price Performance

Shares of NASDAQ ARTNA opened at $33.88 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.54 and a current ratio of 0.68. Artesian Resources Corporation has a fifty-two week low of $30.50 and a fifty-two week high of $36.19. The firm has a market capitalization of $349.30 million, a PE ratio of 15.47 and a beta of 0.36. The stock’s 50-day simple moving average is $32.87 and its 200-day simple moving average is $32.63.

Artesian Resources Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 25th. Investors of record on Friday, February 13th were given a $0.3136 dividend. This represents a $1.25 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend was Friday, February 13th. Artesian Resources’s dividend payout ratio (DPR) is 57.08%.

Wall Street Analysts Forecast Growth

ARTNA has been the subject of a number of analyst reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Artesian Resources in a research report on Wednesday, January 21st. Zacks Research upgraded shares of Artesian Resources from a “strong sell” rating to a “hold” rating in a research note on Friday, January 30th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold”.

About Artesian Resources

Artesian Resources Corporation (NASDAQ: ARTNA) is a publicly traded water and wastewater utility company headquartered in Wilmington, Delaware. The company provides regulated water distribution and wastewater collection services to residential, commercial and industrial customers. Through its operating subsidiaries, Artesian is subject to oversight by public utility commissions in Delaware, Maryland and Pennsylvania, ensuring the delivery of safe, high-quality water in compliance with state and federal standards.

Traced back to its roots as the Artesian Water Company founded in 1905, the organization has expanded its footprint through a combination of organic growth and strategic acquisitions.