Consolidated Water (NASDAQ:CWCO) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Consolidated Water Co. Ltd. (NASDAQ:CWCO) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $26.03 and traded as high as $29.26. Consolidated Water shares last traded at $29.10, with a volume of 127,498 shares.

Consolidated Water Price Performance

The firm has a market cap of $460.80 million, a price-to-earnings ratio of 17.96, a P/E/G ratio of 2.44 and a beta of 0.19. The firm’s 50 day moving average price is $26.87 and its two-hundred day moving average price is $26.03.

Consolidated Water Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 1st will be paid 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 dividend yield of 1.51%. Consolidated Water’s dividend payout ratio (DPR) is 27.16%.

Insider Transactions at Consolidated Water

In related news, CEO Frederick W. Mctaggart sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were 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 trade represents a 0.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 5.87% of the company’s stock.

Institutional Investors Weigh In On Consolidated Water

A number of hedge funds have recently added to or reduced their stakes in the company. Franklin Resources Inc. lifted its position in Consolidated Water by 1.6% in the fourth quarter. Franklin Resources Inc. now owns 30,327 shares of the utilities provider’s stock valued at $785,000 after purchasing an additional 467 shares during the period. Byrne Asset Management LLC lifted its position in Consolidated Water by 59.3% in the fourth quarter. Byrne Asset Management LLC now owns 1,720 shares of the utilities provider’s stock valued at $45,000 after purchasing an additional 640 shares during the period. Copeland Capital Management LLC lifted its position in Consolidated Water by 37.4% in the fourth quarter. Copeland Capital Management LLC now owns 2,634 shares of the utilities provider’s stock valued at $68,000 after purchasing an additional 717 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Consolidated Water by 7.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,620 shares of the utilities provider’s stock valued at $301,000 after acquiring an additional 764 shares during the period. Finally, Russell Investments Group Ltd. lifted its position in shares of Consolidated Water by 13.0% during the 4th quarter. Russell Investments Group Ltd. now owns 6,905 shares of the utilities provider’s stock valued at $179,000 after acquiring an additional 794 shares during the period. Institutional investors and hedge funds own 55.16% of the company’s stock.

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.