Insider Buying: Artesian Resources Co. (NASDAQ:ARTNA) SVP Acquires $26,750.00 in Stock

Artesian Resources Co. (NASDAQ:ARTNAGet Rating) SVP Nicholle Renee Taylor purchased 535 shares of the stock in a transaction on Thursday, November 17th. The shares were bought at an average price of $50.00 per share, for a total transaction of $26,750.00. Following the acquisition, the senior vice president now owns 281,674 shares of the company’s stock, valued at $14,083,700. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website.

Nicholle Renee Taylor also recently made the following trade(s):

  • On Friday, August 26th, Nicholle Renee Taylor sold 4,750 shares of Artesian Resources stock. The shares were sold at an average price of $57.00, for a total transaction of $270,750.00.

Artesian Resources Stock Performance

ARTNA opened at $55.62 on Monday. Artesian Resources Co. has a 12-month low of $41.52 and a 12-month high of $60.35. The firm has a market capitalization of $527.89 million, a P/E ratio of 28.23 and a beta of 0.18. The stock’s 50 day moving average price is $51.07 and its two-hundred day moving average price is $50.67. The company has a quick ratio of 0.62, a current ratio of 0.70 and a debt-to-equity ratio of 0.93.

Artesian Resources Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 23rd. Investors of record on Monday, November 14th will be given a dividend of $0.2784 per share. The ex-dividend date is Thursday, November 10th. This represents a $1.11 dividend on an annualized basis and a yield of 2.00%. This is a positive change from Artesian Resources’s previous quarterly dividend of $0.23. Artesian Resources’s payout ratio is 56.35%.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of Artesian Resources in a report on Wednesday, October 12th. They set a “hold” rating for the company.

Hedge Funds Weigh In On Artesian Resources

Large investors have recently bought and sold shares of the stock. Nisa Investment Advisors LLC raised its holdings in Artesian Resources by 6.4% in the 2nd quarter. Nisa Investment Advisors LLC now owns 4,000 shares of the utilities provider’s stock valued at $197,000 after acquiring an additional 240 shares in the last quarter. Captrust Financial Advisors lifted its position in Artesian Resources by 7.8% in the second quarter. Captrust Financial Advisors now owns 4,203 shares of the utilities provider’s stock worth $207,000 after purchasing an additional 305 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in Artesian Resources by 0.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 37,788 shares of the utilities provider’s stock worth $1,818,000 after buying an additional 329 shares in the last quarter. Panagora Asset Management Inc. increased its holdings in Artesian Resources by 3.0% in the 1st quarter. Panagora Asset Management Inc. now owns 21,295 shares of the utilities provider’s stock valued at $1,034,000 after buying an additional 628 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Artesian Resources by 3.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 22,129 shares of the utilities provider’s stock valued at $1,075,000 after buying an additional 638 shares in the last quarter. 49.15% of the stock is currently owned by institutional investors and hedge funds.

Artesian Resources Company Profile

(Get Rating)

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.

See Also

Insider Buying and Selling by Quarter for Artesian Resources (NASDAQ:ARTNA)

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