GSA Capital Partners LLP Buys Shares of 7,155 The York Water Company (NASDAQ:YORW)

GSA Capital Partners LLP purchased a new position in The York Water Company (NASDAQ:YORW) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 7,155 shares of the utilities provider’s stock, valued at approximately $268,000.

A number of other institutional investors also recently modified their holdings of the company. Orrstown Financial Services Inc. acquired a new stake in shares of York Water in the 3rd quarter valued at about $445,000. SG Americas Securities LLC boosted its holdings in York Water by 69.2% in the third quarter. SG Americas Securities LLC now owns 5,600 shares of the utilities provider’s stock worth $210,000 after acquiring an additional 2,291 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in York Water in the second quarter valued at approximately $339,000. The Manufacturers Life Insurance Company bought a new stake in shares of York Water during the second quarter valued at approximately $238,000. Finally, AQR Capital Management LLC raised its position in shares of York Water by 16.2% during the second quarter. AQR Capital Management LLC now owns 23,634 shares of the utilities provider’s stock worth $877,000 after purchasing an additional 3,294 shares during the period. 49.86% of the stock is owned by institutional investors.

York Water Stock Performance

Shares of YORW stock opened at $36.18 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.88 and a quick ratio of 0.68. The firm has a 50-day moving average of $36.76 and a 200-day moving average of $37.63. The York Water Company has a one year low of $33.32 and a one year high of $41.96. The company has a market cap of $519.91 million, a P/E ratio of 24.45 and a beta of 0.64.

York Water Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a $0.2108 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.84 annualized dividend and a dividend yield of 2.33%. York Water’s payout ratio is presently 56.76%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of York Water from a “sell” rating to a “hold” rating in a report on Friday, August 30th.

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.