Dimensional Fund Advisors LP Sells 20,815 Shares of Consolidated Water Co. Ltd. (NASDAQ:CWCO)

Dimensional Fund Advisors LP reduced its holdings in shares of Consolidated Water Co. Ltd. (NASDAQ:CWCO - Free Report) by 5.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 365,715 shares of the utilities provider's stock after selling 20,815 shares during the period. Dimensional Fund Advisors LP owned 2.31% of Consolidated Water worth $9,468,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in CWCO. Marshall Wace LLP bought a new position in shares of Consolidated Water in the 4th quarter worth $393,000. Wasatch Advisors LP bought a new position in Consolidated Water during the fourth quarter valued at $4,443,000. XTX Topco Ltd bought a new stake in Consolidated Water in the 4th quarter valued at about $205,000. Barclays PLC grew its stake in Consolidated Water by 14.7% in the 4th quarter. Barclays PLC now owns 23,340 shares of the utilities provider's stock valued at $605,000 after buying an additional 2,990 shares in the last quarter. Finally, ELCO Management Co. LLC bought a new position in shares of Consolidated Water in the fourth quarter valued at approximately $274,000. 55.16% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Frederick W. Mctaggart sold 2,000 shares of Consolidated Water stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $28.00, for a total value of $56,000.00. Following the sale, the chief executive officer now owns 271,995 shares in the company, valued at $7,615,860. The trade was a 0.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 5.87% of the company's stock.

Consolidated Water Trading Up 0.6 %

Shares of CWCO opened at $23.48 on Friday. The stock has a 50-day moving average price of $24.86 and a 200-day moving average price of $25.62. Consolidated Water Co. Ltd. has a 12-month low of $22.69 and a 12-month high of $30.32. The company has a market cap of $373.73 million, a PE ratio of 14.49, a price-to-earnings-growth ratio of 2.44 and a beta of 0.39.

Consolidated Water Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 1st were paid a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend was Tuesday, April 1st. Consolidated Water's dividend payout ratio is presently 27.16%.

Consolidated Water Company Profile

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.

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