Marshall Wace LLP Takes Position in Consolidated Water Co. Ltd. (NASDAQ:CWCO)

Marshall Wace LLP purchased a new stake in shares of Consolidated Water Co. Ltd. (NASDAQ:CWCO - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 15,176 shares of the utilities provider's stock, valued at approximately $393,000. Marshall Wace LLP owned approximately 0.10% of Consolidated Water at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of CWCO. Inspire Investing LLC purchased a new stake in shares of Consolidated Water during the fourth quarter worth about $849,000. Barclays PLC raised its position in shares of Consolidated Water by 288.8% in the third quarter. Barclays PLC now owns 20,350 shares of the utilities provider's stock valued at $514,000 after buying an additional 15,116 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Consolidated Water by 54.7% in the third quarter. JPMorgan Chase & Co. now owns 299,102 shares of the utilities provider's stock valued at $7,540,000 after purchasing an additional 105,711 shares in the last quarter. SG Americas Securities LLC increased its position in shares of Consolidated Water by 23.9% during the 4th quarter. SG Americas Securities LLC now owns 6,479 shares of the utilities provider's stock worth $168,000 after purchasing an additional 1,251 shares during the last quarter. Finally, Franklin Resources Inc. raised its position in Consolidated Water by 3.1% in the 3rd quarter. Franklin Resources Inc. now owns 29,860 shares of the utilities provider's stock valued at $773,000 after purchasing an additional 897 shares in the last quarter. 55.16% of the stock is currently owned by institutional investors and hedge funds.

Consolidated Water Trading Down 0.1 %

Shares of NASDAQ CWCO traded down $0.03 during trading hours on Friday, reaching $23.31. The stock had a trading volume of 23,691 shares, compared to its average volume of 111,125. The firm has a market cap of $371.03 million, a price-to-earnings ratio of 14.39, a PEG ratio of 2.44 and a beta of 0.39. Consolidated Water Co. Ltd. has a fifty-two week low of $22.69 and a fifty-two week high of $30.32. The firm has a 50-day moving average of $24.93 and a 200-day moving average of $25.63.

Consolidated Water Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 1st were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $0.44 annualized dividend and a yield of 1.89%. Consolidated Water's payout ratio is currently 27.16%.

Insider Buying and Selling at Consolidated Water

In related news, CEO Frederick W. Mctaggart sold 2,000 shares of the company's stock in a transaction that occurred 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 represents a 0.73 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.87% of the stock is currently owned by corporate insiders.

About Consolidated Water

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.