Campbell & CO Investment Adviser LLC Buys 8,047 Shares of Consolidated Water Co. Ltd. (CWCO)
Campbell & CO Investment Adviser LLC boosted its position in shares of Consolidated Water Co. Ltd. (NASDAQ:CWCO) by 64.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,439 shares of the utilities provider’s stock after buying an additional 8,047 shares during the period. Campbell & CO Investment Adviser LLC owned 0.14% of Consolidated Water Co. worth $253,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in CWCO. Russell Investments Group Ltd. raised its stake in Consolidated Water Co. by 51.7% in the second quarter. Russell Investments Group Ltd. now owns 71,163 shares of the utilities provider’s stock worth $882,000 after buying an additional 24,256 shares in the last quarter. Goldman Sachs Group Inc. purchased a new stake in Consolidated Water Co. during the first quarter worth $196,000. Bank of America Corp DE raised its stake in Consolidated Water Co. by 7.5% in the first quarter. Bank of America Corp DE now owns 17,867 shares of the utilities provider’s stock worth $208,000 after buying an additional 1,245 shares in the last quarter. RMB Capital Management LLC purchased a new stake in Consolidated Water Co. during the first quarter worth $1,166,000. Finally, Thrivent Financial For Lutherans raised its stake in Consolidated Water Co. by 0.9% in the first quarter. Thrivent Financial For Lutherans now owns 63,790 shares of the utilities provider’s stock worth $743,000 after buying an additional 550 shares in the last quarter. Institutional investors and hedge funds own 51.43% of the company’s stock.
Shares of Consolidated Water Co. Ltd. (NASDAQ:CWCO) remained flat at $12.35 during mid-day trading on Friday. 79,717 shares of the stock traded hands. The company’s 50 day moving average is $12.62 and its 200 day moving average is $11.61. The firm has a market cap of $184.02 million, a PE ratio of 62.37 and a beta of 0.87. Consolidated Water Co. Ltd. has a 52 week low of $9.80 and a 52 week high of $13.10.
The business also recently announced a quarterly dividend, which was paid on Monday, July 31st. Stockholders of record on Monday, July 3rd were paid a $0.075 dividend. The ex-dividend date was Thursday, June 29th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.43%. Consolidated Water Co.’s dividend payout ratio (DPR) is currently 150.01%.
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A number of analysts have recently issued reports on CWCO shares. TheStreet raised shares of Consolidated Water Co. from a “c+” rating to a “b-” rating in a report on Monday, April 24th. Zacks Investment Research downgraded shares of Consolidated Water Co. from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st.
About Consolidated Water Co.
Consolidated Water Co Ltd. develops and operates seawater desalination plants (that utilize reverse osmosis technology) and water distribution systems in areas where naturally occurring supplies of potable water are scarce or non-existent. The Company operates in three segments: retail water operations, bulk water operations and services operations.
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