American Century Companies Inc. Has $616,000 Position in Artesian Resources Corporation $ARTNA

American Century Companies Inc. lifted its position in shares of Artesian Resources Corporation (NASDAQ:ARTNA) by 9.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,870 shares of the utilities provider’s stock after buying an additional 1,675 shares during the period. American Century Companies Inc. owned about 0.18% of Artesian Resources worth $616,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC lifted its position in shares of Artesian Resources by 4,084.4% in the first quarter. GAMMA Investing LLC now owns 1,339 shares of the utilities provider’s stock valued at $41,000 after buying an additional 1,307 shares during the last quarter. Wells Fargo & Company MN increased its stake in Artesian Resources by 100.2% during the 4th quarter. Wells Fargo & Company MN now owns 3,514 shares of the utilities provider’s stock worth $111,000 after acquiring an additional 1,759 shares during the period. Moors & Cabot Inc. bought a new position in Artesian Resources during the 1st quarter worth $209,000. XTX Topco Ltd bought a new position in Artesian Resources during the 1st quarter worth $247,000. Finally, Raymond James Financial Inc. bought a new position in shares of Artesian Resources in the 4th quarter valued at $272,000. 57.37% of the stock is owned by institutional investors and hedge funds.

Artesian Resources Trading Up 0.7%

Shares of ARTNA opened at $32.91 on Friday. The firm has a market cap of $339.30 million, a price-to-earnings ratio of 15.17 and a beta of 0.35. Artesian Resources Corporation has a 52-week low of $29.45 and a 52-week high of $38.94. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.69 and a current ratio of 0.87. The business’s fifty day moving average is $33.36 and its 200-day moving average is $33.30.

Artesian Resources (NASDAQ:ARTNA) last issued its quarterly earnings data on Monday, August 4th. The utilities provider reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.05. The business had revenue of $28.55 million for the quarter, compared to analyst estimates of $29.00 million. Artesian Resources had a return on equity of 9.55% and a net margin of 20.84%. Equities analysts anticipate that Artesian Resources Corporation will post 1.92 EPS for the current fiscal year.

Artesian Resources Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 25th. Shareholders of record on Friday, August 15th were issued a dividend of $0.3074 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $1.23 annualized dividend and a yield of 3.7%. Artesian Resources’s payout ratio is presently 56.68%.

Insider Buying and Selling

In other Artesian Resources news, SVP John M. Thaeder sold 1,000 shares of Artesian Resources stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $33.37, for a total transaction of $33,370.00. Following the transaction, the senior vice president directly owned 20,592 shares of the company’s stock, valued at approximately $687,155.04. The trade was a 4.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 20.59% of the company’s stock.

Artesian Resources Company Profile

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.