Dimensional Fund Advisors LP Sells 20,815 Shares of Consolidated Water Co. Ltd. (NASDAQ:CWCO)

Dimensional Fund Advisors LP lowered its stake in shares of Consolidated Water Co. Ltd. (NASDAQ:CWCO) by 5.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 365,715 shares of the utilities provider’s stock after selling 20,815 shares during the period. Dimensional Fund Advisors LP’s holdings in Consolidated Water were worth $9,468,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in CWCO. Byrne Asset Management LLC grew its position in Consolidated Water by 59.3% in the fourth quarter. Byrne Asset Management LLC now owns 1,720 shares of the utilities provider’s stock worth $45,000 after acquiring an additional 640 shares in the last quarter. Allworth Financial LP lifted its holdings in shares of Consolidated Water by 643.4% in the 4th quarter. Allworth Financial LP now owns 2,349 shares of the utilities provider’s stock worth $61,000 after buying an additional 2,033 shares during the period. Copeland Capital Management LLC increased its position in Consolidated Water by 37.4% during the 4th quarter. Copeland Capital Management LLC now owns 2,634 shares of the utilities provider’s stock valued at $68,000 after purchasing an additional 717 shares during the period. Quantbot Technologies LP raised its stake in Consolidated Water by 1,538.3% in the fourth quarter. Quantbot Technologies LP now owns 3,981 shares of the utilities provider’s stock worth $103,000 after buying an additional 3,738 shares in the last quarter. Finally, SG Americas Securities LLC lifted its position in shares of Consolidated Water by 23.9% during the fourth quarter. SG Americas Securities LLC now owns 6,479 shares of the utilities provider’s stock valued at $168,000 after buying an additional 1,251 shares during the last quarter. Institutional investors own 55.16% of the company’s stock.

Consolidated Water Price Performance

Shares of CWCO stock opened at $23.48 on Friday. The company has a market cap of $373.73 million, a price-to-earnings ratio of 14.49, a price-to-earnings-growth ratio of 2.44 and a beta of 0.39. Consolidated Water Co. Ltd. has a 1-year low of $22.69 and a 1-year high of $30.32. The stock’s fifty day moving average price is $24.86 and its 200 day moving average price is $25.62.

Consolidated Water Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 1st were paid a dividend of $0.11 per share. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.87%. Consolidated Water’s payout ratio is currently 27.16%.

Insider Activity

In related news, CEO Frederick W. Mctaggart sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $28.00, for a total value of $56,000.00. Following the transaction, the chief executive officer now directly owns 271,995 shares of the company’s stock, valued at approximately $7,615,860. This trade represents a 0.73 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 5.87% of the company’s stock.

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.