Connor Clark & Lunn Investment Management Ltd. Buys 11,502 Shares of Artesian Resources Co. (NASDAQ:ARTNA)

Connor Clark & Lunn Investment Management Ltd. grew its stake in Artesian Resources Co. (NASDAQ:ARTNA) by 103.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,598 shares of the utilities provider’s stock after acquiring an additional 11,502 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Artesian Resources were worth $715,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of ARTNA. R Squared Ltd bought a new position in shares of Artesian Resources in the 4th quarter valued at about $63,000. Atria Investments Inc lifted its stake in Artesian Resources by 7.1% in the 3rd quarter. Atria Investments Inc now owns 6,527 shares of the utilities provider’s stock valued at $243,000 after purchasing an additional 431 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Artesian Resources in the 4th quarter valued at about $272,000. Walleye Capital LLC acquired a new stake in Artesian Resources in the 3rd quarter valued at about $289,000. Finally, Quest Partners LLC lifted its stake in Artesian Resources by 658.4% in the 3rd quarter. Quest Partners LLC now owns 9,002 shares of the utilities provider’s stock valued at $335,000 after purchasing an additional 7,815 shares during the last quarter. Institutional investors own 57.37% of the company’s stock.

Artesian Resources Trading Down 2.1 %

Shares of NASDAQ:ARTNA opened at $30.71 on Friday. Artesian Resources Co. has a 52-week low of $29.45 and a 52-week high of $41.29. The company has a market capitalization of $316.25 million, a P/E ratio of 15.75 and a beta of 0.19. The company has a 50-day simple moving average of $31.39 and a 200 day simple moving average of $33.46. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.07 and a current ratio of 1.22.

Artesian Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were given a dividend of $0.3014 per share. The ex-dividend date was Friday, February 7th. This is an increase from Artesian Resources’s previous quarterly dividend of $0.30. This represents a $1.21 annualized dividend and a yield of 3.93%. Artesian Resources’s dividend payout ratio (DPR) is 61.54%.

Artesian Resources Company 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.