Trexquant Investment LP Has $1.31 Million Holdings in Artesian Resources Corporation $ARTNA

Trexquant Investment LP lessened its holdings in shares of Artesian Resources Corporation (NASDAQ:ARTNA) by 19.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 40,195 shares of the utilities provider’s stock after selling 9,969 shares during the quarter. Trexquant Investment LP owned approximately 0.39% of Artesian Resources worth $1,312,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Janney Montgomery Scott LLC increased its position in Artesian Resources by 131.9% during the first quarter. Janney Montgomery Scott LLC now owns 24,001 shares of the utilities provider’s stock worth $784,000 after buying an additional 13,650 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in Artesian Resources during the first quarter worth approximately $407,000. Citadel Advisors LLC increased its position in Artesian Resources by 56.1% during the fourth quarter. Citadel Advisors LLC now owns 53,305 shares of the utilities provider’s stock worth $1,686,000 after buying an additional 19,152 shares during the last quarter. GAMMA Investing LLC increased its position in Artesian Resources by 4,084.4% during the first quarter. GAMMA Investing LLC now owns 1,339 shares of the utilities provider’s stock worth $41,000 after buying an additional 1,307 shares during the last quarter. Finally, Roffman Miller Associates Inc. PA increased its position in Artesian Resources by 17.9% during the first quarter. Roffman Miller Associates Inc. PA now owns 91,294 shares of the utilities provider’s stock worth $2,981,000 after buying an additional 13,884 shares during the last quarter. Institutional investors and hedge funds own 57.37% of the company’s stock.

Insider Activity

In other news, SVP John M. Thaeder sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $33.37, for a total transaction of $33,370.00. Following the completion of the sale, the senior vice president owned 20,592 shares in the company, valued at $687,155.04. The trade was a 4.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 20.59% of the stock is currently owned by corporate insiders.

Artesian Resources Price Performance

Shares of NASDAQ ARTNA opened at $33.24 on Friday. The business’s 50 day moving average price is $33.35 and its two-hundred day moving average price is $33.31. The company has a market cap of $342.70 million, a PE ratio of 15.32 and a beta of 0.35. The company has a quick ratio of 0.69, a current ratio of 0.87 and a debt-to-equity ratio of 0.72. Artesian Resources Corporation has a twelve month low of $29.45 and a twelve month high of $38.94.

Artesian Resources (NASDAQ:ARTNA) last announced its quarterly earnings results on Monday, August 4th. The utilities provider reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.05. The firm had revenue of $28.55 million for the quarter, compared to the consensus estimate of $29.00 million. Artesian Resources had a return on equity of 9.55% and a net margin of 20.84%. On average, analysts predict that Artesian Resources Corporation will post 1.92 EPS for the current year.

Artesian Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Friday, August 15th were issued a dividend of $0.3074 per share. This represents a $1.23 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date was Friday, August 15th. Artesian Resources’s payout ratio is currently 56.68%.

About Artesian Resources

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.