First Trust Advisors LP boosted its holdings in shares of Artesian Resources Co. (NASDAQ:ARTNA) by 18.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,461 shares of the utilities provider’s stock after buying an additional 1,477 shares during the period. First Trust Advisors LP’s holdings in Artesian Resources were worth $367,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. ELCO Management Co. LLC bought a new stake in Artesian Resources during the second quarter valued at $207,000. KBC Group NV lifted its stake in Artesian Resources by 15.2% during the first quarter. KBC Group NV now owns 36,012 shares of the utilities provider’s stock worth $1,314,000 after purchasing an additional 4,763 shares during the last quarter. Wells Fargo & Company MN lifted its stake in Artesian Resources by 28.9% during the first quarter. Wells Fargo & Company MN now owns 72,865 shares of the utilities provider’s stock worth $2,658,000 after purchasing an additional 16,358 shares during the last quarter. Dalton Greiner Hartman Maher & Co. lifted its stake in Artesian Resources by 42.8% during the second quarter. Dalton Greiner Hartman Maher & Co. now owns 92,854 shares of the utilities provider’s stock worth $3,600,000 after purchasing an additional 27,841 shares during the last quarter. Finally, Water Asset Management LLC lifted its stake in Artesian Resources by 1.8% during the first quarter. Water Asset Management LLC now owns 208,471 shares of the utilities provider’s stock worth $7,605,000 after purchasing an additional 3,670 shares during the last quarter. 38.02% of the stock is owned by institutional investors.
Shares of ARTNA stock opened at $35.88 on Tuesday. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.41 and a quick ratio of 0.37. Artesian Resources Co. has a 12-month low of $32.00 and a 12-month high of $43.22. The stock has a market cap of $337.30 million, a price-to-earnings ratio of 21.34 and a beta of -0.04.
ARTNA has been the subject of several research analyst reports. Zacks Investment Research raised Artesian Resources from a “sell” rating to a “hold” rating in a research note on Tuesday, June 5th. BidaskClub lowered Artesian Resources from a “sell” rating to a “strong sell” rating in a research note on Friday, August 3rd.
Artesian Resources Company Profile
Artesian Resources Corporation, through its subsidiaries, provides water, wastewater, and other services on the Delmarva Peninsula. 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 services to customers in Delaware.
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