GAMMA Investing LLC Has $321,000 Stake in The York Water Company (NASDAQ:YORW)

GAMMA Investing LLC boosted its stake in shares of The York Water Company (NASDAQ:YORW - Free Report) by 12,413.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,260 shares of the utilities provider's stock after purchasing an additional 9,186 shares during the quarter. GAMMA Investing LLC owned approximately 0.06% of York Water worth $321,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Zimmer Partners LP increased its holdings in shares of York Water by 5.2% in the 4th quarter. Zimmer Partners LP now owns 746,943 shares of the utilities provider's stock worth $24,440,000 after acquiring an additional 37,076 shares during the period. ProShare Advisors LLC increased its stake in shares of York Water by 21.6% in the fourth quarter. ProShare Advisors LLC now owns 226,339 shares of the utilities provider's stock valued at $7,406,000 after purchasing an additional 40,199 shares during the period. Northern Trust Corp raised its holdings in shares of York Water by 3.7% during the fourth quarter. Northern Trust Corp now owns 150,485 shares of the utilities provider's stock valued at $4,924,000 after buying an additional 5,344 shares during the last quarter. Penn Capital Management Company LLC boosted its position in shares of York Water by 5.3% during the fourth quarter. Penn Capital Management Company LLC now owns 145,132 shares of the utilities provider's stock worth $4,749,000 after buying an additional 7,333 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in York Water by 0.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 117,405 shares of the utilities provider's stock worth $3,841,000 after buying an additional 739 shares in the last quarter. 49.86% of the stock is currently owned by institutional investors.

York Water Price Performance

Shares of York Water stock traded down $0.19 during trading on Tuesday, hitting $32.61. The stock had a trading volume of 98,816 shares, compared to its average volume of 61,011. The business has a fifty day moving average of $33.37 and a two-hundred day moving average of $33.11. The York Water Company has a fifty-two week low of $29.86 and a fifty-two week high of $41.96. The firm has a market cap of $469.58 million, a P/E ratio of 23.80 and a beta of 0.72. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.90 and a quick ratio of 0.71.

York Water (NASDAQ:YORW - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The utilities provider reported $0.25 earnings per share for the quarter, missing analysts' consensus estimates of $0.33 by ($0.08). The business had revenue of $18.46 million during the quarter, compared to analyst estimates of $19.00 million. York Water had a net margin of 25.91% and a return on equity of 8.56%. On average, sell-side analysts expect that The York Water Company will post 1.43 earnings per share for the current fiscal year.

York Water Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be issued a $0.2192 dividend. The ex-dividend date is Monday, June 30th. This represents a $0.88 dividend on an annualized basis and a yield of 2.69%. York Water's dividend payout ratio is currently 64.23%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised York Water from a "sell" rating to a "hold" rating in a report on Friday, June 6th.

About York Water

The York Water Company impounds, purifies, and distributes drinking water. It owns and operates three wastewater collection systems; ten wastewater collection and treatment systems; and two reservoirs, including Lake Williams and Lake Redman, which hold approximately 2.2 billion gallons of water. The company also operates a 15-mile pipeline from the Susquehanna River to Lake Redman; and owns satellite groundwater systems in York, Adams, and Lancaster Counties, as well as two impounding dams on primary system located in York and Springfield Townships.