Penn Capital Management Company LLC Raises Holdings in Consolidated Water Co. Ltd. (NASDAQ:CWCO)

Penn Capital Management Company LLC boosted its stake in Consolidated Water Co. Ltd. (NASDAQ:CWCO - Free Report) by 6.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 195,608 shares of the utilities provider's stock after buying an additional 11,351 shares during the period. Penn Capital Management Company LLC owned approximately 1.23% of Consolidated Water worth $5,064,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Byrne Asset Management LLC lifted its holdings in shares of Consolidated Water by 59.3% in the 4th quarter. Byrne Asset Management LLC now owns 1,720 shares of the utilities provider's stock worth $45,000 after acquiring an additional 640 shares during the last quarter. Allworth Financial LP lifted its stake in Consolidated Water by 643.4% during the 4th quarter. Allworth Financial LP now owns 2,349 shares of the utilities provider's stock worth $61,000 after acquiring an additional 2,033 shares in the last quarter. Copeland Capital Management LLC grew its position in Consolidated Water by 37.4% in the 4th quarter. Copeland Capital Management LLC now owns 2,634 shares of the utilities provider's stock valued at $68,000 after acquiring an additional 717 shares in the last quarter. Quantbot Technologies LP lifted its position in shares of Consolidated Water by 1,538.3% during the fourth quarter. Quantbot Technologies LP now owns 3,981 shares of the utilities provider's stock worth $103,000 after purchasing an additional 3,738 shares in the last quarter. Finally, State of Tennessee Department of Treasury acquired a new position in shares of Consolidated Water in the fourth quarter valued at approximately $149,000. Hedge funds and other institutional investors own 55.16% of the company's stock.

Insider Transactions at Consolidated Water

In related news, CEO Frederick W. Mctaggart sold 2,000 shares of the business's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $28.00, for a total transaction of $56,000.00. Following the completion of the transaction, the chief executive officer now owns 271,995 shares in the company, valued at approximately $7,615,860. The trade was a 0.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 5.87% of the company's stock.

Consolidated Water Trading Up 0.8 %

CWCO traded up $0.18 during trading hours on Tuesday, hitting $23.46. 39,990 shares of the company's stock were exchanged, compared to its average volume of 122,543. Consolidated Water Co. Ltd. has a 12-month low of $22.90 and a 12-month high of $30.32. The firm has a 50 day moving average of $25.59 and a 200 day moving average of $25.78. The firm has a market cap of $373.38 million, a P/E ratio of 14.48, a price-to-earnings-growth ratio of 2.44 and a beta of 0.27.

Consolidated Water Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 1st will be given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date of this dividend is Tuesday, April 1st. Consolidated Water's dividend payout ratio is currently 27.16%.

Consolidated Water 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.