Trexquant Investment LP Purchases 32,106 Shares of Consolidated Water Co. Ltd. (NASDAQ:CWCO)

Trexquant Investment LP boosted its position in shares of Consolidated Water Co. Ltd. (NASDAQ:CWCO) by 284.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 43,381 shares of the utilities provider’s stock after buying an additional 32,106 shares during the period. Trexquant Investment LP’s holdings in Consolidated Water were worth $1,123,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its holdings in shares of Consolidated Water by 2.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 43,175 shares of the utilities provider’s stock worth $1,088,000 after acquiring an additional 1,159 shares in the last quarter. FMR LLC raised its stake in Consolidated Water by 18.7% during the third quarter. FMR LLC now owns 17,911 shares of the utilities provider’s stock valued at $452,000 after purchasing an additional 2,825 shares in the last quarter. State Street Corp lifted its position in Consolidated Water by 1.8% during the third quarter. State Street Corp now owns 332,902 shares of the utilities provider’s stock valued at $8,392,000 after purchasing an additional 5,976 shares during the last quarter. Jane Street Group LLC increased its holdings in shares of Consolidated Water by 102.5% in the 3rd quarter. Jane Street Group LLC now owns 33,190 shares of the utilities provider’s stock worth $837,000 after buying an additional 16,803 shares during the last quarter. Finally, Barclays PLC raised its position in shares of Consolidated Water by 288.8% during the 3rd quarter. Barclays PLC now owns 20,350 shares of the utilities provider’s stock valued at $514,000 after buying an additional 15,116 shares in the last quarter. Hedge funds and other institutional investors own 55.16% of the company’s stock.

Insider Activity at Consolidated Water

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

Consolidated Water Trading Down 0.3 %

CWCO opened at $23.60 on Friday. The stock has a 50-day moving average of $26.30 and a 200 day moving average of $25.85. Consolidated Water Co. Ltd. has a 12 month low of $22.90 and a 12 month high of $30.32. The firm has a market cap of $374.65 million, a P/E ratio of 14.57, a P/E/G ratio of 2.44 and a beta of 0.27.

Consolidated Water Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 1st will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.86%. The ex-dividend date is Tuesday, April 1st. Consolidated Water’s dividend payout ratio is currently 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.