11,152 Shares in Consolidated Water Co. Ltd. (NASDAQ:CWCO) Acquired by Y Intercept Hong Kong Ltd

Key Points

• Y Intercept Hong Kong Ltd has acquired a new position in Consolidated Water Co. Ltd., purchasing 11,152 shares valued at approximately $273,000, representing 0.07% ownership.
• Consolidated Water recently announced an increase in its quarterly dividend from $0.11 to $0.14, reflecting a 1.88% yield and a dividend payout ratio of 34.57%.
• The company's recent earnings report revealed a profit of $0.31 per share, exceeding analysts' expectations, with revenues amounting to $33.72 million for the quarter.

Y Intercept Hong Kong Ltd purchased a new position in Consolidated Water Co. Ltd. (NASDAQ:CWCO - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 11,152 shares of the utilities provider's stock, valued at approximately $273,000. Y Intercept Hong Kong Ltd owned 0.07% of Consolidated Water as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Franklin Resources Inc. raised its position in shares of Consolidated Water by 1.6% in the 4th quarter. Franklin Resources Inc. now owns 30,327 shares of the utilities provider's stock worth $785,000 after purchasing an additional 467 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Consolidated Water by 7.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,620 shares of the utilities provider's stock worth $301,000 after purchasing an additional 764 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of Consolidated Water by 13.0% in the 4th quarter. Russell Investments Group Ltd. now owns 6,905 shares of the utilities provider's stock worth $179,000 after purchasing an additional 794 shares during the last quarter. CWM LLC raised its position in shares of Consolidated Water by 228.6% in the 1st quarter. CWM LLC now owns 1,860 shares of the utilities provider's stock worth $46,000 after purchasing an additional 1,294 shares during the last quarter. Finally, Diametric Capital LP raised its position in shares of Consolidated Water by 11.8% in the 4th quarter. Diametric Capital LP now owns 13,093 shares of the utilities provider's stock worth $339,000 after purchasing an additional 1,378 shares during the last quarter. Hedge funds and other institutional investors own 55.16% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised Consolidated Water from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd.

Consolidated Water Trading Down 2.3%

NASDAQ:CWCO traded down $0.66 during mid-day trading on Friday, reaching $28.43. The company's stock had a trading volume of 78,707 shares, compared to its average volume of 94,814. Consolidated Water Co. Ltd. has a 12-month low of $22.69 and a 12-month high of $31.30. The firm's fifty day moving average price is $29.14 and its two-hundred day moving average price is $26.87. The stock has a market cap of $452.52 million, a P/E ratio of 17.55 and a beta of 0.47.

Consolidated Water (NASDAQ:CWCO - Get Free Report) last released its quarterly earnings results on Monday, May 12th. The utilities provider reported $0.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.22 by $0.09. The business had revenue of $33.72 million during the quarter, compared to the consensus estimate of $32.30 million. Consolidated Water had a return on equity of 7.43% and a net margin of 20.75%. Analysts predict that Consolidated Water Co. Ltd. will post 1.27 earnings per share for the current fiscal year.

Consolidated Water Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Tuesday, July 1st were paid a dividend of $0.14 per share. This is a boost from Consolidated Water's previous quarterly dividend of $0.11. The ex-dividend date was Tuesday, July 1st. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.0%. Consolidated Water's dividend payout ratio is presently 34.57%.

Consolidated Water Company 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.