GSA Capital Partners LLP Buys 13,648 Shares of The York Water Company (NASDAQ:YORW)

GSA Capital Partners LLP increased its position in The York Water Company (NASDAQ:YORW) by 109.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,141 shares of the utilities provider’s stock after acquiring an additional 13,648 shares during the quarter. GSA Capital Partners LLP owned about 0.18% of York Water worth $907,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of YORW. ProShare Advisors LLC lifted its position in York Water by 21.6% during the fourth quarter. ProShare Advisors LLC now owns 226,339 shares of the utilities provider’s stock valued at $7,406,000 after purchasing an additional 40,199 shares during the last quarter. Zimmer Partners LP raised its position in shares of York Water by 5.2% during the 4th quarter. Zimmer Partners LP now owns 746,943 shares of the utilities provider’s stock valued at $24,440,000 after buying an additional 37,076 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of York Water during the 1st quarter worth $633,000. Capstone Investment Advisors LLC purchased a new position in York Water in the fourth quarter worth $548,000. Finally, Squarepoint Ops LLC purchased a new position in York Water in the fourth quarter worth $509,000. Hedge funds and other institutional investors own 49.86% of the company’s stock.

York Water Trading Down 1.4%

YORW stock opened at $30.26 on Friday. The company has a market capitalization of $435.74 million, a PE ratio of 22.09 and a beta of 0.70. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.71 and a current ratio of 0.90. The York Water Company has a one year low of $29.86 and a one year high of $41.90. The company’s 50 day moving average price is $31.90 and its two-hundred day moving average price is $32.82.

York Water (NASDAQ:YORW) last issued its earnings results on Tuesday, May 6th. The utilities provider reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.08). York Water had a return on equity of 8.56% and a net margin of 25.91%. The business had revenue of $18.46 million during the quarter, compared to analysts’ expectations of $19.00 million. As a group, analysts predict that The York Water Company will post 1.43 earnings per share for the current fiscal year.

York Water Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were given a dividend of $0.2192 per share. This represents a $0.88 annualized dividend and a yield of 2.9%. The ex-dividend date was Monday, June 30th. York Water’s dividend payout ratio (DPR) is presently 64.23%.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered York Water from a “hold” rating to a “sell” rating in a research note on Saturday, July 5th.

About York Water

The York Water Company impounds, purifies, and distributes drinking water. It owns and operates three wastewater collection systems; ten wastewater collection and treatment systems; and two reservoirs, including Lake Williams and Lake Redman, which hold approximately 2.2 billion gallons of water. The company also operates a 15-mile pipeline from the Susquehanna River to Lake Redman; and owns satellite groundwater systems in York, Adams, and Lancaster Counties, as well as two impounding dams on primary system located in York and Springfield Townships.