Jump Financial LLC Invests $283,000 in Artesian Resources Corporation $ARTNA

Key Points

• Jump Financial LLC acquired a stake of 8,668 shares in Artesian Resources Corporation, valued at approximately $283,000, amounting to around 0.08% of the company.
• Artesian Resources announced a quarterly dividend of $0.3074 per share, resulting in an annualized dividend yield of 3.8% and a payout ratio of 56.68%.
• The company reported earnings exceeding analysts' expectations with an EPS of $0.61, while revenues for the quarter totaled $28.55 million, slightly below forecasts.

Jump Financial LLC acquired a new stake in shares of Artesian Resources Corporation (NASDAQ:ARTNA - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 8,668 shares of the utilities provider's stock, valued at approximately $283,000. Jump Financial LLC owned approximately 0.08% of Artesian Resources as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the company. LPL Financial LLC boosted its holdings in Artesian Resources by 1.7% in the first quarter. LPL Financial LLC now owns 38,968 shares of the utilities provider's stock valued at $1,272,000 after acquiring an additional 643 shares during the last quarter. GAMMA Investing LLC increased its stake in Artesian Resources by 4,084.4% in the 1st quarter. GAMMA Investing LLC now owns 1,339 shares of the utilities provider's stock worth $41,000 after acquiring an additional 1,307 shares during the last quarter. American Century Companies Inc. boosted its holdings in Artesian Resources by 9.7% during the 1st quarter. American Century Companies Inc. now owns 18,870 shares of the utilities provider's stock valued at $616,000 after acquiring an additional 1,675 shares during the period. Wells Fargo & Company MN increased its position in Artesian Resources by 100.2% during the 4th quarter. Wells Fargo & Company MN now owns 3,514 shares of the utilities provider's stock valued at $111,000 after buying an additional 1,759 shares in the last quarter. Finally, North Star Investment Management Corp. lifted its position in Artesian Resources by 3.5% during the first quarter. North Star Investment Management Corp. now owns 59,000 shares of the utilities provider's stock valued at $1,926,000 after purchasing an additional 2,000 shares in the last quarter. 57.37% of the stock is currently owned by institutional investors and hedge funds.

Artesian Resources Stock Down 1.5%

Shares of ARTNA traded down $0.51 during midday trading on Monday, hitting $32.74. 14,873 shares of the company's stock traded hands, compared to its average volume of 35,916. Artesian Resources Corporation has a 1 year low of $29.45 and a 1 year high of $38.94. The company has a current ratio of 0.87, a quick ratio of 0.69 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $337.50 million, a price-to-earnings ratio of 15.11 and a beta of 0.35. The firm's fifty day moving average is $33.35 and its 200-day moving average is $33.33.

Artesian Resources (NASDAQ:ARTNA - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The utilities provider reported $0.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.56 by $0.05. Artesian Resources had a return on equity of 9.55% and a net margin of 20.84%.The company had revenue of $28.55 million during the quarter, compared to the consensus estimate of $29.00 million. As a group, sell-side analysts anticipate that Artesian Resources Corporation will post 1.92 earnings per share for the current year.

Artesian Resources Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 25th. Investors of record on Friday, August 15th were given a dividend of $0.3074 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $1.23 dividend on an annualized basis and a yield of 3.8%. Artesian Resources's payout ratio is 56.68%.

Insider Transactions at Artesian Resources

In other news, SVP John M. Thaeder sold 1,000 shares of the company's stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $33.37, for a total value of $33,370.00. Following the sale, the senior vice president owned 20,592 shares of the company's stock, valued at approximately $687,155.04. This represents a 4.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 20.59% of the stock is owned by company insiders.

Artesian Resources Profile

Artesian Resources Corporation, through its subsidiaries, provides water, wastewater, and other services in Delaware, Maryland, and Pennsylvania. The company distributes and sells water to residential, commercial, industrial, governmental, municipal, and utility customers, as well as for public and private fire protection in the states of Delaware, Maryland, and Pennsylvania; and offers wastewater collection, treatment infrastructure, and wastewater services to customers in Delaware.