ELCO Management Co. LLC Invests $274,000 in Consolidated Water Co. Ltd. (NASDAQ:CWCO)

ELCO Management Co. LLC acquired a new stake in Consolidated Water Co. Ltd. (NASDAQ:CWCO - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 10,577 shares of the utilities provider's stock, valued at approximately $274,000. ELCO Management Co. LLC owned approximately 0.07% of Consolidated Water as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in the stock. Invesco Ltd. increased its stake in Consolidated Water by 6.8% during the fourth quarter. Invesco Ltd. now owns 240,544 shares of the utilities provider's stock valued at $6,228,000 after acquiring an additional 15,263 shares during the period. Polymer Capital Management US LLC bought a new stake in shares of Consolidated Water in the 4th quarter valued at about $212,000. Russell Investments Group Ltd. increased its stake in Consolidated Water by 13.0% in the fourth quarter. Russell Investments Group Ltd. now owns 6,905 shares of the utilities provider's stock valued at $179,000 after purchasing an additional 794 shares in the last quarter. Wells Fargo & Company MN raised its stake in Consolidated Water by 16.4% during the 4th quarter. Wells Fargo & Company MN now owns 11,601 shares of the utilities provider's stock worth $300,000 after buying an additional 1,635 shares during the period. Finally, Trexquant Investment LP lifted its holdings in shares of Consolidated Water by 284.8% during the 4th quarter. Trexquant Investment LP now owns 43,381 shares of the utilities provider's stock valued at $1,123,000 after purchasing an additional 32,106 shares in the last quarter. Institutional investors own 55.16% of the company's stock.

Insiders Place Their Bets

In other Consolidated Water news, CEO Frederick W. Mctaggart sold 2,000 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was 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 of the company's stock, valued at approximately $7,615,860. This trade represents a 0.73 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 5.87% of the company's stock.

Consolidated Water Trading Down 0.4 %

Shares of CWCO stock traded down $0.09 during trading hours on Monday, hitting $23.88. 50,209 shares of the company were exchanged, compared to its average volume of 113,214. The company has a market capitalization of $379.10 million, a PE ratio of 14.74, a PEG ratio of 2.44 and a beta of 0.27. The business has a 50 day moving average of $26.25 and a two-hundred day moving average of $25.86. Consolidated Water Co. Ltd. has a 52 week low of $22.90 and a 52 week high of $30.32.

Consolidated Water Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 1st will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $0.44 dividend on an annualized basis and a yield of 1.84%. Consolidated Water's payout ratio is 27.16%.

Consolidated Water 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.