News articles about Artesian Resources Corporation (NASDAQ:ARTNA) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Artesian Resources Corporation earned a coverage optimism score of 0.12 on Accern’s scale. Accern also assigned headlines about the utilities provider an impact score of 46.4420785818758 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the headlines that may have impacted Accern Sentiment’s rankings:
- Zacks: Artesian Resources Corporation (ARTNA) Receives Average Rating of “Hold” from Analysts (americanbankingnews.com)
- ETFs with exposure to Artesian Resources Corp. : September 13, 2017 (finance.yahoo.com)
- Artesian Resources Corp. breached its 50 day moving average in a Bearish Manner : ARTNA-US : September 13, 2017 (finance.yahoo.com)
- Artesian Resources Corp. : ARTNA-US: Dividend Analysis : August 14th, 2017 (record date) : By the numbers : September 13, 2017 (finance.yahoo.com)
ARTNA has been the topic of several recent research reports. BidaskClub lowered shares of Artesian Resources Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Zacks Investment Research lowered shares of Artesian Resources Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, August 22nd.
Shares of Artesian Resources Corporation (ARTNA) remained flat at $37.30 on Friday. 14,358 shares of the stock were exchanged. The firm’s 50-day moving average is $37.54 and its 200 day moving average is $36.68. The company has a market capitalization of $342.71 million, a price-to-earnings ratio of 25.55 and a beta of 0.10. Artesian Resources Corporation has a 52 week low of $26.72 and a 52 week high of $41.90.
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 25th. Shareholders of record on Monday, August 14th were issued a dividend of $0.2317 per share. This represents a $0.93 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date of this dividend was Thursday, August 10th. Artesian Resources Corporation’s dividend payout ratio (DPR) is currently 63.27%.
In related news, insider Dian C. Taylor sold 4,702 shares of the firm’s stock in a transaction on Friday, June 23rd. The stock was sold at an average price of $40.08, for a total value of $188,456.16. Following the completion of the sale, the insider now directly owns 97,152 shares in the company, valued at $3,893,852.16. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Nicholle Renee Taylor sold 2,770 shares of the firm’s stock in a transaction on Tuesday, June 20th. The stock was sold at an average price of $40.13, for a total value of $111,160.10. Following the completion of the sale, the director now owns 6,979 shares of the company’s stock, valued at $280,067.27. The disclosure for this sale can be found here. Insiders have sold a total of 10,150 shares of company stock valued at $407,004 over the last quarter. Corporate insiders own 20.59% of the company’s stock.
About Artesian Resources Corporation
Artesian Resources Corporation is a holding company. The Company’s subsidiaries offer water, wastewater and other services on the Delmarva Peninsula. The Company distributes and sells water, including water for public and private fire protection, to residential, commercial, industrial, municipal and utility customers in the states of Delaware, Maryland and Pennsylvania.
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