GSA Capital Partners LLP Purchases New Position in The York Water Company (NASDAQ:YORW)

GSA Capital Partners LLP acquired a new stake in shares of The York Water Company (NASDAQ:YORW) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 7,155 shares of the utilities provider’s stock, valued at approximately $268,000.

A number of other large investors have also made changes to their positions in the company. CWM LLC raised its position in York Water by 37.5% in the 2nd quarter. CWM LLC now owns 1,738 shares of the utilities provider’s stock valued at $64,000 after buying an additional 474 shares during the last quarter. Quest Partners LLC bought a new stake in shares of York Water in the second quarter worth $102,000. Mather Group LLC. acquired a new position in York Water during the second quarter worth $106,000. SG Americas Securities LLC bought a new position in York Water in the second quarter valued at $123,000. Finally, Nisa Investment Advisors LLC increased its stake in York Water by 18,424.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 4,631 shares of the utilities provider’s stock valued at $173,000 after buying an additional 4,606 shares during the last quarter. Institutional investors own 49.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded York Water from a “sell” rating to a “hold” rating in a research note on Friday, August 30th.

York Water Price Performance

Shares of YORW opened at $36.18 on Friday. The company’s 50-day moving average is $36.76 and its 200-day moving average is $37.63. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.88 and a quick ratio of 0.68. The firm has a market capitalization of $519.91 million, a PE ratio of 24.45 and a beta of 0.64. The York Water Company has a fifty-two week low of $33.32 and a fifty-two week high of $41.96.

York Water Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a $0.2108 dividend. This represents a $0.84 annualized dividend and a dividend yield of 2.33%. The ex-dividend date was Monday, September 30th. York Water’s dividend payout ratio (DPR) is currently 56.76%.

York Water Company Profile

The York Water Company impounds, purifies, and distributes drinking water. It owns and operates three wastewater collection systems; ten wastewater collection and treatment systems; and two reservoirs, including Lake Williams and Lake Redman, which hold approximately 2.2 billion gallons of water. The company also operates a 15-mile pipeline from the Susquehanna River to Lake Redman; and owns satellite groundwater systems in York, Adams, and Lancaster Counties, as well as two impounding dams on primary system located in York and Springfield Townships.