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

Dimensional Fund Advisors LP lessened its stake in Consolidated Water Co. Ltd. (NASDAQ:CWCO - Free Report) by 5.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 365,715 shares of the utilities provider's stock after selling 20,815 shares during the quarter. Dimensional Fund Advisors LP owned approximately 2.31% of Consolidated Water worth $9,468,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of CWCO. Marshall Wace LLP purchased a new position in Consolidated Water in the 4th quarter worth $393,000. Wasatch Advisors LP purchased a new stake in shares of Consolidated Water in the 4th quarter valued at $4,443,000. XTX Topco Ltd purchased a new position in Consolidated Water in the fourth quarter valued at $205,000. Barclays PLC increased its position in Consolidated Water by 14.7% during the fourth quarter. Barclays PLC now owns 23,340 shares of the utilities provider's stock worth $605,000 after buying an additional 2,990 shares during the period. Finally, ELCO Management Co. LLC purchased a new stake in shares of Consolidated Water in the fourth quarter valued at about $274,000. Hedge funds and other institutional investors own 55.16% of the company's stock.

Consolidated Water Price Performance

CWCO traded up $0.35 during trading on Thursday, hitting $25.82. The company's stock had a trading volume of 30,012 shares, compared to its average volume of 111,285. The firm's 50 day moving average price is $24.74 and its 200-day moving average price is $25.62. The stock has a market cap of $410.90 million, a PE ratio of 15.88, a PEG ratio of 2.44 and a beta of 0.39. Consolidated Water Co. Ltd. has a twelve month low of $22.69 and a twelve month high of $30.32.

Consolidated Water (NASDAQ:CWCO - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The utilities provider reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.09. The business had revenue of $33.72 million during the quarter, compared to analyst estimates of $32.30 million. Consolidated Water had a return on equity of 12.98% and a net margin of 23.06%. Equities analysts anticipate that Consolidated Water Co. Ltd. will post 1.27 earnings per share for the current year.

Consolidated Water Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 1st were given a $0.11 dividend. The ex-dividend date was Tuesday, April 1st. This represents a $0.44 dividend on an annualized basis and a yield of 1.70%. Consolidated Water's payout ratio is 27.16%.

Insider Transactions at Consolidated Water

In other Consolidated Water news, CEO Frederick W. Mctaggart sold 2,000 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $28.00, for a total transaction of $56,000.00. Following the sale, the chief executive officer now directly owns 271,995 shares in the company, valued at $7,615,860. This represents a 0.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 5.87% 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.