Consolidated Water Co. Ltd. (NASDAQ:CWCO) Shares Purchased by AltraVue Capital LLC

AltraVue Capital LLC boosted its holdings in Consolidated Water Co. Ltd. (NASDAQ:CWCO) by 15.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 744,610 shares of the utilities provider’s stock after buying an additional 97,740 shares during the quarter. Consolidated Water accounts for about 2.0% of AltraVue Capital LLC’s investment portfolio, making the stock its 18th largest position. AltraVue Capital LLC owned approximately 4.70% of Consolidated Water worth $19,762,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in CWCO. GoalVest Advisory LLC acquired a new position in Consolidated Water in the first quarter worth approximately $29,000. Creekmur Asset Management LLC purchased a new position in Consolidated Water during the 4th quarter worth approximately $45,000. Russell Investments Group Ltd. purchased a new position in Consolidated Water during the 4th quarter worth approximately $143,000. Precision Wealth Strategies LLC grew its position in Consolidated Water by 8.6% during the 1st quarter. Precision Wealth Strategies LLC now owns 6,912 shares of the utilities provider’s stock worth $203,000 after purchasing an additional 547 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its position in Consolidated Water by 11.0% during the 1st quarter. BNP Paribas Financial Markets now owns 12,882 shares of the utilities provider’s stock worth $378,000 after purchasing an additional 1,280 shares in the last quarter. Institutional investors and hedge funds own 55.16% of the company’s stock.

Consolidated Water Trading Down 2.2 %

NASDAQ CWCO opened at $26.15 on Thursday. Consolidated Water Co. Ltd. has a twelve month low of $23.70 and a twelve month high of $38.29. The firm’s 50 day moving average price is $27.16 and its two-hundred day moving average price is $26.85.

Consolidated Water (NASDAQ:CWCO) last posted its quarterly earnings data on Wednesday, August 14th. The utilities provider reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.08). Consolidated Water had a return on equity of 15.49% and a net margin of 23.26%. The firm had revenue of $32.48 million for the quarter, compared to analysts’ expectations of $37.12 million. Sell-side analysts forecast that Consolidated Water Co. Ltd. will post 1.25 earnings per share for the current year.

Consolidated Water Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 1st will be paid a dividend of $0.11 per share. 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 1.68%. This is a positive change from Consolidated Water’s previous quarterly dividend of $0.10.

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.