Consolidated Water Co. Ltd. (NASDAQ:CWCO) Short Interest Down 8.0% in October

Consolidated Water Co. Ltd. (NASDAQ:CWCO) was the target of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totalling 676,100 shares, a decrease of 8.0% from the September 30th total of 735,000 shares. Based on an average daily volume of 95,400 shares, the days-to-cover ratio is currently 7.1 days. Approximately 4.5% of the company’s stock are short sold.

Hedge Funds Weigh In On Consolidated Water

A number of institutional investors have recently added to or reduced their stakes in CWCO. Vanguard Group Inc. raised its stake in Consolidated Water by 3.1% in the first quarter. Vanguard Group Inc. now owns 323,906 shares of the utilities provider’s stock valued at $9,494,000 after buying an additional 9,837 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Consolidated Water by 36.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 76,702 shares of the utilities provider’s stock worth $2,036,000 after acquiring an additional 20,315 shares during the last quarter. Cornercap Investment Counsel Inc. bought a new stake in Consolidated Water in the 2nd quarter valued at $524,000. AltraVue Capital LLC lifted its holdings in Consolidated Water by 15.1% during the 2nd quarter. AltraVue Capital LLC now owns 744,610 shares of the utilities provider’s stock valued at $19,762,000 after purchasing an additional 97,740 shares during the last quarter. Finally, Hussman Strategic Advisors Inc. boosted its position in Consolidated Water by 33.3% during the second quarter. Hussman Strategic Advisors Inc. now owns 84,000 shares of the utilities provider’s stock worth $2,229,000 after purchasing an additional 21,000 shares during the period. 55.16% of the stock is currently owned by institutional investors and hedge funds.

Consolidated Water Trading Down 1.0 %

Shares of Consolidated Water stock traded down $0.25 during trading hours on Thursday, reaching $23.76. 73,582 shares of the company’s stock were exchanged, compared to its average volume of 121,827. The stock has a market cap of $376.22 million, a P/E ratio of 16.16, a P/E/G ratio of 2.47 and a beta of 0.16. The company has a 50 day moving average of $25.64 and a two-hundred day moving average of $26.27. Consolidated Water has a fifty-two week low of $23.70 and a fifty-two week high of $38.29.

Consolidated Water (NASDAQ:CWCO) last released its earnings results on Wednesday, August 14th. The utilities provider reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.08). The company had revenue of $32.48 million for the quarter, compared to the consensus estimate of $37.12 million. Consolidated Water had a return on equity of 15.49% and a net margin of 23.26%. As a group, analysts expect that Consolidated Water will post 1.25 earnings per share for the current fiscal year.

Consolidated Water Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 1st will be paid a $0.11 dividend. The ex-dividend date is Tuesday, October 1st. This is a boost from Consolidated Water’s previous quarterly dividend of $0.10. This represents a $0.44 annualized dividend and a dividend yield of 1.85%. Consolidated Water’s dividend payout ratio (DPR) is currently 29.93%.

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.