Walleye Capital LLC Acquires New Stake in Artesian Resources Co. (NASDAQ:ARTNA)

Walleye Capital LLC bought a new position in Artesian Resources Co. (NASDAQ:ARTNA) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 7,764 shares of the utilities provider’s stock, valued at approximately $289,000. Walleye Capital LLC owned 0.08% of Artesian Resources as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in ARTNA. Price T Rowe Associates Inc. MD grew its position in Artesian Resources by 4.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,447 shares of the utilities provider’s stock worth $351,000 after purchasing an additional 382 shares during the last quarter. Foundry Partners LLC raised its position in shares of Artesian Resources by 7.3% in the second quarter. Foundry Partners LLC now owns 127,890 shares of the utilities provider’s stock worth $4,497,000 after acquiring an additional 8,730 shares during the period. Private Advisor Group LLC lifted its position in shares of Artesian Resources by 132.6% during the 2nd quarter. Private Advisor Group LLC now owns 19,051 shares of the utilities provider’s stock valued at $670,000 after buying an additional 10,861 shares in the last quarter. Quest Partners LLC acquired a new stake in Artesian Resources in the 2nd quarter worth about $42,000. Finally, American Century Companies Inc. raised its position in shares of Artesian Resources by 19.1% in the second quarter. American Century Companies Inc. now owns 9,467 shares of the utilities provider’s stock valued at $333,000 after buying an additional 1,518 shares during the last quarter. 57.37% of the stock is currently owned by institutional investors.

Artesian Resources Trading Up 1.3 %

Shares of Artesian Resources stock opened at $33.87 on Wednesday. Artesian Resources Co. has a fifty-two week low of $32.93 and a fifty-two week high of $44.59. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.07 and a current ratio of 1.22. The firm has a market capitalization of $348.86 million, a price-to-earnings ratio of 17.37 and a beta of 0.22. The stock has a 50 day moving average of $34.79 and a 200 day moving average of $36.13.

Artesian Resources (NASDAQ:ARTNA) last announced its quarterly earnings data on Monday, November 4th. The utilities provider reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.05. Artesian Resources had a net margin of 18.96% and a return on equity of 8.57%. The business had revenue of $29.14 million for the quarter, compared to analyst estimates of $29.00 million. As a group, research analysts predict that Artesian Resources Co. will post 1.92 earnings per share for the current year.

Artesian Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Friday, November 15th were given a $0.301 dividend. The ex-dividend date of this dividend was Friday, November 15th. This is a positive change from Artesian Resources’s previous quarterly dividend of $0.30. This represents a $1.20 annualized dividend and a dividend yield of 3.55%. Artesian Resources’s payout ratio is currently 62.05%.

Artesian Resources Company Profile

Artesian Resources Corporation, through its subsidiaries, provides water, wastewater, and other services in Delaware, Maryland, and Pennsylvania. The company distributes and sells water to residential, commercial, industrial, governmental, municipal, and utility customers, as well as for public and private fire protection in the states of Delaware, Maryland, and Pennsylvania; and offers wastewater collection, treatment infrastructure, and wastewater services to customers in Delaware.