Farrow Financial Inc. Sells 4,310 Shares of Consolidated Water Co. Ltd. (NASDAQ:CWCO)

Farrow Financial Inc. reduced its position in Consolidated Water Co. Ltd. (NASDAQ:CWCO) by 4.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,200 shares of the utilities provider’s stock after selling 4,310 shares during the quarter. Consolidated Water accounts for approximately 1.6% of Farrow Financial Inc.’s investment portfolio, making the stock its 24th largest holding. Farrow Financial Inc.’s holdings in Consolidated Water were worth $2,406,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Geode Capital Management LLC raised its holdings in shares of Consolidated Water by 5.1% in the third quarter. Geode Capital Management LLC now owns 423,163 shares of the utilities provider’s stock valued at $10,669,000 after acquiring an additional 20,394 shares in the last quarter. Inspire Investing LLC bought a new stake in shares of Consolidated Water in the fourth quarter valued at about $849,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Consolidated Water by 2.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 43,175 shares of the utilities provider’s stock valued at $1,088,000 after acquiring an additional 1,159 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Consolidated Water in the third quarter valued at about $608,000. Finally, Barclays PLC raised its holdings in shares of Consolidated Water by 288.8% in the third quarter. Barclays PLC now owns 20,350 shares of the utilities provider’s stock valued at $514,000 after acquiring an additional 15,116 shares in the last quarter. 55.16% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Consolidated Water

In other Consolidated Water news, CEO Frederick W. Mctaggart sold 2,000 shares of Consolidated Water stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $28.00, for a total value of $56,000.00. Following the transaction, the chief executive officer now owns 271,995 shares in the company, valued at $7,615,860. The trade was a 0.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 5.87% of the stock is owned by insiders.

Consolidated Water Price Performance

CWCO opened at $27.82 on Friday. The business’s 50-day moving average is $26.56 and its two-hundred day moving average is $25.99. Consolidated Water Co. Ltd. has a 1 year low of $23.55 and a 1 year high of $33.34. The firm has a market capitalization of $440.53 million, a PE ratio of 17.17, a price-to-earnings-growth ratio of 2.44 and a beta of 0.19.

Consolidated Water Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 1st will be paid a $0.11 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $0.44 annualized dividend and a yield of 1.58%. Consolidated Water’s dividend payout ratio (DPR) is presently 27.16%.

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.