Consolidated Water Co. Ltd. (NASDAQ:CWCO) Shares Bought by Rhumbline Advisers

Rhumbline Advisers boosted its holdings in shares of Consolidated Water Co. Ltd. (NASDAQ:CWCO) by 16.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 29,493 shares of the utilities provider’s stock after buying an additional 4,068 shares during the quarter. Rhumbline Advisers owned 0.19% of Consolidated Water worth $783,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. GoalVest Advisory LLC acquired a new stake in shares of Consolidated Water in the 1st quarter valued at $29,000. Creekmur Asset Management LLC purchased a new position in shares of Consolidated Water in the 4th quarter valued at $45,000. Russell Investments Group Ltd. grew its position in shares of Consolidated Water by 25.6% in the 1st quarter. Russell Investments Group Ltd. now owns 5,050 shares of the utilities provider’s stock valued at $148,000 after buying an additional 1,029 shares during the last quarter. Precision Wealth Strategies LLC grew its position in shares of Consolidated Water by 8.6% in the 1st quarter. Precision Wealth Strategies LLC now owns 6,912 shares of the utilities provider’s stock valued at $203,000 after buying an additional 547 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its position in shares of Consolidated Water by 11.0% in the 1st quarter. BNP Paribas Financial Markets now owns 12,882 shares of the utilities provider’s stock valued at $378,000 after buying an additional 1,280 shares during the last quarter. 55.16% of the stock is currently owned by institutional investors and hedge funds.

Consolidated Water Price Performance

NASDAQ CWCO opened at $25.63 on Tuesday. The firm’s fifty day moving average price is $27.09 and its 200 day moving average price is $26.75. The company has a market capitalization of $405.70 million, a price-to-earnings ratio of 17.44, a price-to-earnings-growth ratio of 2.49 and a beta of 0.17. Consolidated Water Co. Ltd. has a 12 month low of $23.70 and a 12 month high of $38.29.

Consolidated Water (NASDAQ:CWCO) last posted its earnings results on Wednesday, August 14th. The utilities provider reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.08). The company had revenue of $32.48 million during the quarter, compared to analysts’ expectations of $37.12 million. Consolidated Water had a net margin of 23.26% and a return on equity of 15.49%. As a group, 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 firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 1st will be given a dividend of $0.11 per share. This is an increase from Consolidated Water’s previous quarterly dividend of $0.10. This represents a $0.44 annualized dividend and a yield of 1.72%. The ex-dividend date is Tuesday, October 1st. Consolidated Water’s dividend payout ratio (DPR) is presently 29.93%.

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.