Roffman Miller Associates Inc. PA Sells 1,502 Shares of Artesian Resources Co. (NASDAQ:ARTNA)

Roffman Miller Associates Inc. PA reduced its position in shares of Artesian Resources Co. (NASDAQ:ARTNA) by 1.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 77,410 shares of the utilities provider’s stock after selling 1,502 shares during the quarter. Roffman Miller Associates Inc. PA owned 0.75% of Artesian Resources worth $2,448,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Foundry Partners LLC raised its stake in Artesian Resources by 12.2% in the 3rd quarter. Foundry Partners LLC now owns 143,470 shares of the utilities provider’s stock valued at $5,334,000 after acquiring an additional 15,580 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Artesian Resources in the third quarter valued at about $413,000. JPMorgan Chase & Co. lifted its stake in shares of Artesian Resources by 169.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 16,035 shares of the utilities provider’s stock worth $596,000 after buying an additional 10,089 shares during the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of Artesian Resources during the 3rd quarter worth about $336,000. Finally, Quest Partners LLC grew its stake in Artesian Resources by 658.4% in the 3rd quarter. Quest Partners LLC now owns 9,002 shares of the utilities provider’s stock valued at $335,000 after buying an additional 7,815 shares during the last quarter. 57.37% of the stock is currently owned by institutional investors and hedge funds.

Artesian Resources Trading Up 0.9 %

Shares of ARTNA stock opened at $32.31 on Monday. Artesian Resources Co. has a 12-month low of $29.45 and a 12-month high of $41.29. The company has a market capitalization of $332.73 million, a PE ratio of 16.57 and a beta of 0.23. The firm has a 50 day moving average price of $31.15 and a two-hundred day moving average price of $34.02. The company has a quick ratio of 1.07, a current ratio of 1.22 and a debt-to-equity ratio of 0.74.

Artesian Resources Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were paid a $0.3014 dividend. The ex-dividend date was Friday, February 7th. This is an increase from Artesian Resources’s previous quarterly dividend of $0.30. This represents a $1.21 annualized dividend and a yield of 3.73%. Artesian Resources’s payout ratio is 61.54%.

About Artesian Resources

Artesian Resources Corporation, through its subsidiaries, provides water, wastewater, and other services in Delaware, Maryland, and Pennsylvania. The company distributes and sells water to residential, commercial, industrial, governmental, municipal, and utility customers, as well as for public and private fire protection in the states of Delaware, Maryland, and Pennsylvania; and offers wastewater collection, treatment infrastructure, and wastewater services to customers in Delaware.