Consolidated Water (NASDAQ:CWCO) Director Maria Elena Giner Buys 3,310 Shares

Key Points

• Director Maria Elena Giner bought 3,310 shares at an average price of $30.24 (totaling ~$100,094), a transaction disclosed in an SEC filing.
• Consolidated Water announced a quarterly dividend of $0.14 per share (annualized $0.56), with an ex-dividend date of April 1 and a yield of ~1.7% (DPR 57.73%).
• Shares rose about 6.1% to $32.38 on above-average volume (331,021 vs. 121,882 avg); institutional ownership is ~55.2% and analysts have recently moved ratings toward Hold while the average price target is $40.

Consolidated Water Co. Ltd. (NASDAQ:CWCO - Get Free Report) Director Maria Elena Giner acquired 3,310 shares of the company's stock in a transaction dated Thursday, March 19th. The stock was acquired at an average cost of $30.24 per share, with a total value of $100,094.40. Following the transaction, the director directly owned 3,310 shares of the company's stock, valued at approximately $100,094.40. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Consolidated Water Stock Up 6.1%

Shares of CWCO stock traded up $1.86 during mid-day trading on Monday, reaching $32.38. The company's stock had a trading volume of 331,021 shares, compared to its average volume of 121,882. The firm has a market capitalization of $516.78 million, a PE ratio of 33.38 and a beta of 0.50. The company's 50 day simple moving average is $36.46 and its 200-day simple moving average is $35.36. Consolidated Water Co. Ltd. has a 12-month low of $22.69 and a 12-month high of $39.12.

Consolidated Water Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Wednesday, April 1st will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Wednesday, April 1st. Consolidated Water's dividend payout ratio (DPR) is presently 57.73%.

Hedge Funds Weigh In On Consolidated Water

A number of institutional investors have recently made changes to their positions in the business. Renaissance Group LLC acquired a new stake in shares of Consolidated Water in the 3rd quarter valued at about $1,148,000. Inspire Investing LLC acquired a new position in Consolidated Water in the third quarter worth about $1,089,000. ArrowMark Colorado Holdings LLC grew its stake in Consolidated Water by 23.1% in the third quarter. ArrowMark Colorado Holdings LLC now owns 262,000 shares of the utilities provider's stock worth $9,243,000 after purchasing an additional 49,163 shares in the last quarter. Teton Advisors LLC bought a new stake in Consolidated Water in the third quarter valued at about $1,147,000. Finally, Ellsworth Advisors LLC bought a new stake in Consolidated Water in the third quarter valued at about $834,000. 55.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Wall Street Zen cut Consolidated Water from a "strong-buy" rating to a "hold" rating in a report on Saturday. Weiss Ratings lowered shares of Consolidated Water from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday, March 17th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $40.00.

About Consolidated Water

Consolidated Water Co Ltd. is a developer, operator and manufacturer of water treatment and desalination systems. The company designs, engineers, builds and operates reverse-osmosis desalination plants and water treatment facilities, offering both turnkey project delivery and ongoing operations and maintenance services. Its product portfolio includes modular desalination units, water distribution systems, filtration membranes and associated equipment for potable water production.

Consolidated Water serves municipalities, resorts, commercial enterprises and private customers in the Caribbean and the southeastern United States.

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