GSA Capital Partners LLP Acquires 13,648 Shares of The York Water Company (NASDAQ:YORW)

GSA Capital Partners LLP increased its holdings in The York Water Company (NASDAQ:YORW - Free Report) by 109.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,141 shares of the utilities provider's stock after acquiring an additional 13,648 shares during the period. GSA Capital Partners LLP owned about 0.18% of York Water worth $907,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in York Water in the 1st quarter valued at about $633,000. Signaturefd LLC increased its stake in York Water by 349.3% in the 1st quarter. Signaturefd LLC now owns 3,608 shares of the utilities provider's stock valued at $125,000 after buying an additional 2,805 shares during the last quarter. ELCO Management Co. LLC increased its stake in York Water by 32.2% in the 1st quarter. ELCO Management Co. LLC now owns 9,945 shares of the utilities provider's stock valued at $345,000 after buying an additional 2,423 shares during the last quarter. RKL Wealth Management LLC purchased a new stake in York Water in the 1st quarter valued at about $500,000. Finally, Crowley Wealth Management Inc. increased its stake in York Water by 100.0% in the 1st quarter. Crowley Wealth Management Inc. now owns 1,000 shares of the utilities provider's stock valued at $35,000 after buying an additional 500 shares during the last quarter. Institutional investors and hedge funds own 49.86% of the company's stock.

York Water Stock Performance

Shares of NASDAQ:YORW traded up $0.19 during mid-day trading on Friday, reaching $30.45. The company had a trading volume of 141,835 shares, compared to its average volume of 91,387. The company has a current ratio of 0.90, a quick ratio of 0.71 and a debt-to-equity ratio of 0.91. The firm has a market cap of $438.48 million, a price-to-earnings ratio of 22.23 and a beta of 0.72. The company's 50-day moving average price is $31.86 and its 200-day moving average price is $32.82. The York Water Company has a one year low of $29.86 and a one year high of $41.79.

York Water (NASDAQ:YORW - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The utilities provider reported $0.25 EPS for the quarter, missing analysts' consensus estimates of $0.33 by ($0.08). The company had revenue of $18.46 million during the quarter, compared to the consensus estimate of $19.00 million. York Water had a return on equity of 8.56% and a net margin of 25.91%. As a group, equities research analysts anticipate that The York Water Company will post 1.43 EPS for the current fiscal year.

York Water Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were issued a $0.2192 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Monday, June 30th. York Water's payout ratio is 64.23%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered shares of York Water from a "hold" rating to a "sell" rating in a research note on Saturday, July 5th.

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.