Illumine Investment Management LLC Purchases Shares of 16,831 Consolidated Water Co. Ltd. (NASDAQ:CWCO)

Illumine Investment Management LLC purchased a new stake in shares of Consolidated Water Co. Ltd. (NASDAQ:CWCO) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 16,831 shares of the utilities provider’s stock, valued at approximately $436,000. Illumine Investment Management LLC owned 0.11% of Consolidated Water as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Byrne Asset Management LLC grew its position in shares of Consolidated Water by 59.3% during the fourth quarter. Byrne Asset Management LLC now owns 1,720 shares of the utilities provider’s stock valued at $45,000 after purchasing an additional 640 shares in the last quarter. Allworth Financial LP increased its holdings in shares of Consolidated Water by 643.4% in the fourth quarter. Allworth Financial LP now owns 2,349 shares of the utilities provider’s stock worth $61,000 after purchasing an additional 2,033 shares during the last quarter. Copeland Capital Management LLC increased its holdings in shares of Consolidated Water by 37.4% in the fourth quarter. Copeland Capital Management LLC now owns 2,634 shares of the utilities provider’s stock worth $68,000 after purchasing an additional 717 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of Consolidated Water by 23.9% in the fourth quarter. SG Americas Securities LLC now owns 6,479 shares of the utilities provider’s stock worth $168,000 after purchasing an additional 1,251 shares during the last quarter. Finally, Atria Investments Inc increased its holdings in shares of Consolidated Water by 15.4% in the third quarter. Atria Investments Inc now owns 12,281 shares of the utilities provider’s stock worth $310,000 after purchasing an additional 1,639 shares during the last quarter. 55.16% of the stock is owned by institutional investors.

Insiders Place Their Bets

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 stock was sold at an average price of $28.00, for a total transaction of $56,000.00. Following the transaction, the chief executive officer now owns 271,995 shares of the company’s stock, valued at approximately $7,615,860. This represents a 0.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 5.87% of the stock is currently owned by insiders.

Consolidated Water Trading Down 0.8 %

Shares of CWCO stock opened at $27.32 on Friday. Consolidated Water Co. Ltd. has a 12-month low of $23.55 and a 12-month high of $33.34. The stock’s 50-day moving average price is $26.34 and its 200-day moving average price is $25.98. The stock has a market capitalization of $432.61 million, a price-to-earnings ratio of 16.86, a price-to-earnings-growth ratio of 2.44 and a beta of 0.22.

Consolidated Water Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 1st will be paid a dividend of $0.11 per share. The ex-dividend date is Tuesday, April 1st. This represents a $0.44 annualized dividend and a yield of 1.61%. Consolidated Water’s payout ratio is currently 27.16%.

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.