SG Americas Securities LLC Takes Position in Consolidated Water Co. Ltd. (NASDAQ:CWCO)

SG Americas Securities LLC purchased a new position in shares of Consolidated Water Co. Ltd. (NASDAQ:CWCO) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund purchased 5,228 shares of the utilities provider’s stock, valued at approximately $132,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Oliver Lagore Vanvalin Investment Group bought a new position in Consolidated Water in the second quarter valued at approximately $27,000. Russell Investments Group Ltd. lifted its stake 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 purchasing an additional 1,029 shares during the period. Precision Wealth Strategies LLC boosted 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 worth $203,000 after purchasing an additional 547 shares during the last quarter. ELCO Management Co. LLC acquired a new stake in shares of Consolidated Water during the second quarter worth $226,000. Finally, BNP Paribas Financial Markets increased its holdings in Consolidated Water by 11.0% in the first quarter. BNP Paribas Financial Markets now owns 12,882 shares of the utilities provider’s stock valued at $378,000 after purchasing an additional 1,280 shares during the last quarter. 55.16% of the stock is owned by institutional investors.

Consolidated Water Trading Down 0.2 %

NASDAQ:CWCO opened at $24.44 on Friday. Consolidated Water Co. Ltd. has a 1-year low of $23.70 and a 1-year high of $38.29. The firm has a market capitalization of $386.86 million, a price-to-earnings ratio of 16.63, a PEG ratio of 2.47 and a beta of 0.16. The business’s 50-day moving average price is $25.81 and its two-hundred day moving average price is $26.27.

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

Consolidated Water Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 1st will be issued a $0.11 dividend. The ex-dividend date is Tuesday, October 1st. This is a positive change from Consolidated Water’s previous quarterly dividend of $0.10. This represents a $0.44 annualized dividend and a yield of 1.80%. Consolidated Water’s dividend payout ratio (DPR) is 29.93%.

Consolidated Water Company 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.