Jane Street Group LLC Sells 41,164 Shares of Artesian Resources Co. (NASDAQ:ARTNA)

Jane Street Group LLC lessened its position in Artesian Resources Co. (NASDAQ:ARTNA) by 64.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 22,480 shares of the utilities provider’s stock after selling 41,164 shares during the period. Jane Street Group LLC owned about 0.22% of Artesian Resources worth $836,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Quest Partners LLC bought a new position in Artesian Resources in the 2nd quarter valued at $42,000. Point72 DIFC Ltd bought a new position in shares of Artesian Resources in the second quarter valued at about $50,000. Ballentine Partners LLC acquired a new position in Artesian Resources during the 3rd quarter worth about $217,000. Atria Investments Inc grew its holdings in Artesian Resources by 7.1% during the 3rd quarter. Atria Investments Inc now owns 6,527 shares of the utilities provider’s stock worth $243,000 after acquiring an additional 431 shares during the last quarter. Finally, Walleye Capital LLC acquired a new stake in Artesian Resources in the 3rd quarter valued at about $289,000. Institutional investors own 57.37% of the company’s stock.

Artesian Resources Trading Up 0.1 %

Shares of NASDAQ ARTNA opened at $31.62 on Thursday. Artesian Resources Co. has a 1-year low of $30.99 and a 1-year high of $41.73. The company has a 50-day moving average of $33.65 and a two-hundred day moving average of $35.79. The company has a market cap of $325.62 million, a PE ratio of 16.22 and a beta of 0.22. The company has a current ratio of 1.22, a quick ratio of 1.07 and a debt-to-equity ratio of 0.74.

Artesian Resources (NASDAQ:ARTNA) last posted its quarterly earnings data on Monday, November 4th. The utilities provider reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.05. The firm had revenue of $29.14 million during the quarter, compared to analysts’ expectations of $29.00 million. Artesian Resources had a net margin of 18.96% and a return on equity of 8.57%. As a group, equities analysts expect that Artesian Resources Co. will post 1.92 earnings per share for the current fiscal year.

Artesian Resources Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Friday, November 15th were given a dividend of $0.301 per share. This is a boost from Artesian Resources’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.20 annualized dividend and a dividend yield of 3.81%. Artesian Resources’s payout ratio is currently 61.54%.

Artesian Resources 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.