Marshall Wace LLP Has $2 Million Position in Artesian Resources Co. (NASDAQ:ARTNA)

Marshall Wace LLP boosted its position in shares of Artesian Resources Co. (NASDAQ:ARTNA - Free Report) by 17.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 63,214 shares of the utilities provider's stock after purchasing an additional 9,438 shares during the period. Marshall Wace LLP owned 0.61% of Artesian Resources worth $1,999,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Artesian Resources by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 561,027 shares of the utilities provider's stock valued at $17,740,000 after buying an additional 5,491 shares during the period. Renaissance Technologies LLC raised its holdings in shares of Artesian Resources by 7.4% during the fourth quarter. Renaissance Technologies LLC now owns 276,937 shares of the utilities provider's stock worth $8,757,000 after acquiring an additional 19,126 shares in the last quarter. Foundry Partners LLC boosted its position in Artesian Resources by 5.0% during the fourth quarter. Foundry Partners LLC now owns 150,666 shares of the utilities provider's stock valued at $4,764,000 after purchasing an additional 7,196 shares during the last quarter. Geode Capital Management LLC grew its stake in Artesian Resources by 2.1% in the third quarter. Geode Capital Management LLC now owns 110,317 shares of the utilities provider's stock valued at $4,104,000 after purchasing an additional 2,225 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in Artesian Resources by 16.9% in the 4th quarter. Bank of New York Mellon Corp now owns 85,766 shares of the utilities provider's stock worth $2,712,000 after purchasing an additional 12,396 shares during the last quarter. 57.37% of the stock is owned by institutional investors and hedge funds.

Artesian Resources Stock Up 0.2 %

Shares of ARTNA traded up $0.06 during midday trading on Thursday, reaching $35.58. 38,846 shares of the stock were exchanged, compared to its average volume of 50,292. The company has a market cap of $366.58 million, a price-to-earnings ratio of 18.25 and a beta of 0.27. The firm has a 50 day simple moving average of $32.81 and a 200-day simple moving average of $32.77. Artesian Resources Co. has a 12-month low of $29.45 and a 12-month high of $41.29. The company has a quick ratio of 1.07, a current ratio of 1.22 and a debt-to-equity ratio of 0.74.

Artesian Resources (NASDAQ:ARTNA - Get Free Report) last posted its earnings results on Tuesday, March 25th. The utilities provider reported $0.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.36 by $0.01. Artesian Resources had a net margin of 18.96% and a return on equity of 8.57%. The firm had revenue of $25.00 million during the quarter, compared to analysts' expectations of $25.00 million. Research analysts forecast that Artesian Resources Co. will post 1.92 EPS for the current year.

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.