Cornercap Investment Counsel Inc. bought a new stake in Consolidated Water Co. Ltd. (NASDAQ:CWCO – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 19,748 shares of the utilities provider’s stock, valued at approximately $524,000. Cornercap Investment Counsel Inc. owned approximately 0.12% of Consolidated Water at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of the stock. GoalVest Advisory LLC purchased a new position in shares of Consolidated Water during the first quarter worth about $29,000. Creekmur Asset Management LLC acquired a new position in Consolidated Water during the fourth quarter worth approximately $45,000. Russell Investments Group Ltd. purchased a new stake in Consolidated Water in the fourth quarter valued at approximately $143,000. Precision Wealth Strategies LLC boosted its holdings in shares of Consolidated Water by 8.6% in the first quarter. Precision Wealth Strategies LLC now owns 6,912 shares of the utilities provider’s stock valued at $203,000 after acquiring an additional 547 shares during the period. Finally, Journey Strategic Wealth LLC purchased a new position in shares of Consolidated Water during the fourth quarter worth approximately $239,000. 55.16% of the stock is owned by hedge funds and other institutional investors.
Consolidated Water Trading Up 1.5 %
CWCO stock opened at $25.83 on Friday. The company has a fifty day moving average price of $27.08 and a 200 day moving average price of $26.91. Consolidated Water Co. Ltd. has a 12 month low of $23.70 and a 12 month high of $38.29.
Consolidated Water Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 1st will be issued a $0.11 dividend. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.70%. This is a positive change from Consolidated Water’s previous quarterly dividend of $0.10.
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.
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