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

Artesian Resources Co. (NASDAQ:ARTNAGet Rating) SVP Nicholle Renee Taylor bought 535 shares of the company’s stock in a transaction that occurred on Thursday, November 17th. The shares were purchased at an average price of $50.00 per share, with a total value of $26,750.00. Following the transaction, the senior vice president now directly owns 281,674 shares in the company, valued at $14,083,700. The transaction was disclosed in a document filed with the SEC, which is available through 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 stock was sold at an average price of $57.00, for a total transaction of $270,750.00.

Artesian Resources Stock Performance

Shares of NASDAQ:ARTNA opened at $55.62 on Monday. The business has a fifty day moving average of $51.07 and a 200-day moving average of $50.67. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.62 and a current ratio of 0.70. Artesian Resources Co. has a twelve month low of $41.52 and a twelve month high of $60.35. The firm has a market cap of $527.89 million, a PE ratio of 28.23 and a beta of 0.18.

Artesian Resources Increases Dividend

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

Institutional Trading of Artesian Resources

Several hedge funds have recently modified their holdings of the stock. Russell Investments Group Ltd. increased its position in Artesian Resources by 12.9% in the second quarter. Russell Investments Group Ltd. now owns 32,486 shares of the utilities provider’s stock worth $1,596,000 after purchasing an additional 3,713 shares during the period. Principal Financial Group Inc. lifted its holdings in Artesian Resources by 27.7% in the first quarter. Principal Financial Group Inc. now owns 7,320 shares of the utilities provider’s stock valued at $355,000 after buying an additional 1,590 shares during the period. Jacobi Capital Management LLC boosted its stake in Artesian Resources by 34.7% in the first quarter. Jacobi Capital Management LLC now owns 8,207 shares of the utilities provider’s stock valued at $398,000 after acquiring an additional 2,112 shares during the last quarter. Avidian Wealth Solutions LLC acquired a new stake in Artesian Resources during the 2nd quarter worth $423,000. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of Artesian Resources by 82.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 37,459 shares of the utilities provider’s stock valued at $1,841,000 after purchasing an additional 16,887 shares during the period. 49.15% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on Artesian Resources in a research report on Wednesday, October 12th. They set a “hold” rating on the stock.

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.

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

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