Martingale Asset Management L P Raises Holdings in Consolidated Water Co. Ltd. (NASDAQ:CWCO)

Martingale Asset Management L P raised its position in shares of Consolidated Water Co. Ltd. (NASDAQ:CWCO) by 7.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 25,158 shares of the utilities provider’s stock after acquiring an additional 1,641 shares during the period. Martingale Asset Management L P’s holdings in Consolidated Water were worth $634,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of CWCO. Oliver Lagore Vanvalin Investment Group acquired a new stake in Consolidated Water during the 2nd quarter worth approximately $27,000. nVerses Capital LLC acquired a new stake in shares of Consolidated Water in the third quarter worth $33,000. Copeland Capital Management LLC purchased a new position in shares of Consolidated Water in the 3rd quarter valued at $48,000. Stanley Laman Group Ltd. acquired a new position in shares of Consolidated Water during the 3rd quarter valued at $53,000. Finally, SG Americas Securities LLC purchased a new stake in Consolidated Water during the 3rd quarter worth $132,000. 55.16% of the stock is currently owned by hedge funds and other institutional investors.

Consolidated Water Price Performance

NASDAQ:CWCO opened at $26.66 on Tuesday. The business’s 50-day moving average is $25.38 and its two-hundred day moving average is $26.21. The firm has a market capitalization of $422.16 million, a PE ratio of 19.04, a price-to-earnings-growth ratio of 2.66 and a beta of 0.16. Consolidated Water Co. Ltd. has a 12 month low of $23.55 and a 12 month high of $37.85.

Consolidated Water Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Thursday, January 2nd will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $0.44 annualized dividend and a dividend yield of 1.65%. Consolidated Water’s payout ratio is currently 31.43%.

About Consolidated Water

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.