MRP Capital Investments LLC Decreases Stock Holdings in Consolidated Water Co. Ltd. (NASDAQ:CWCO)

MRP Capital Investments LLC decreased its position in Consolidated Water Co. Ltd. (NASDAQ:CWCO) by 2.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,525 shares of the utilities provider’s stock after selling 400 shares during the quarter. MRP Capital Investments LLC’s holdings in Consolidated Water were worth $402,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of CWCO. JPMorgan Chase & Co. boosted its stake in shares of Consolidated Water by 54.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 299,102 shares of the utilities provider’s stock valued at $7,540,000 after purchasing an additional 105,711 shares in the last quarter. Inspire Investing LLC bought a new stake in Consolidated Water during the fourth quarter worth about $849,000. Dynamic Technology Lab Private Ltd bought a new stake in Consolidated Water during the third quarter worth about $608,000. Geode Capital Management LLC boosted its stake in Consolidated Water by 5.1% during the third quarter. Geode Capital Management LLC now owns 423,163 shares of the utilities provider’s stock worth $10,669,000 after acquiring an additional 20,394 shares in the last quarter. Finally, Illumine Investment Management LLC bought a new stake in Consolidated Water during the fourth quarter worth about $436,000. Hedge funds and other institutional investors own 55.16% of the company’s stock.

Insider Buying and Selling

In other news, CEO Frederick W. Mctaggart sold 2,000 shares of the company’s stock in a transaction that occurred on 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 owns 271,995 shares in the company, valued at approximately $7,615,860. This represents a 0.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 5.87% of the stock is currently owned by insiders.

Consolidated Water Price Performance

NASDAQ:CWCO opened at $27.60 on Friday. Consolidated Water Co. Ltd. has a one year low of $23.55 and a one year high of $33.34. The company’s 50-day simple moving average is $26.98 and its 200 day simple moving average is $26.05. The firm has a market capitalization of $437.05 million, a P/E ratio of 17.04, a PEG ratio of 2.44 and a beta of 0.19.

Consolidated Water Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 1st will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.59%. The ex-dividend date is Tuesday, April 1st. Consolidated Water’s payout ratio is currently 27.16%.

Consolidated Water Company Profile

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.