GoalVest Advisory LLC Invests $29,000 in Consolidated Water Co. Ltd. (NASDAQ:CWCO)

GoalVest Advisory LLC purchased a new position in Consolidated Water Co. Ltd. (NASDAQ:CWCO) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,000 shares of the utilities provider’s stock, valued at approximately $29,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Invesco Ltd. increased its holdings in Consolidated Water by 86.8% during the 3rd quarter. Invesco Ltd. now owns 379,739 shares of the utilities provider’s stock worth $10,800,000 after purchasing an additional 176,412 shares during the period. Legato Capital Management LLC purchased a new position in Consolidated Water during the 4th quarter worth $2,766,000. Wealthstar Advisors LLC increased its holdings in Consolidated Water by 102.0% during the 4th quarter. Wealthstar Advisors LLC now owns 34,791 shares of the utilities provider’s stock worth $1,239,000 after purchasing an additional 17,570 shares during the period. AdvisorNet Financial Inc purchased a new position in Consolidated Water during the 4th quarter worth $71,000. Finally, Flputnam Investment Management Co. purchased a new position in Consolidated Water during the 4th quarter worth $215,000. 55.16% of the stock is currently owned by hedge funds and other institutional investors.

Consolidated Water Trading Up 0.2 %

Shares of NASDAQ:CWCO opened at $25.21 on Thursday. Consolidated Water Co. Ltd. has a 12-month low of $19.07 and a 12-month high of $38.29. The business’s fifty day simple moving average is $26.42 and its 200-day simple moving average is $29.25.

Consolidated Water (NASDAQ:CWCO) last announced its quarterly earnings results on Wednesday, May 15th. The utilities provider reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.04. Consolidated Water had a return on equity of 18.02% and a net margin of 17.24%. The business had revenue of $39.69 million for the quarter, compared to the consensus estimate of $38.65 million. As a group, equities analysts anticipate that Consolidated Water Co. Ltd. will post 1.33 earnings per share for the current year.

Consolidated Water Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Monday, July 1st will be issued a $0.095 dividend. The ex-dividend date of this dividend is Monday, July 1st. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.51%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Consolidated Water from a “buy” rating to a “hold” rating in a report on Friday, May 10th.

Insider Activity

In other news, Director Clarence B. Flowers sold 2,700 shares of Consolidated Water stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $25.04, for a total value of $67,608.00. Following the transaction, the director now directly owns 300,500 shares in the company, valued at approximately $7,524,520. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 5.87% of the company’s stock.

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.