Diamond Hill Capital Management Inc. Buys 6,417 Shares of Pure Cycle Co. (NASDAQ:PCYO)

Diamond Hill Capital Management Inc. increased its stake in shares of Pure Cycle Co. (NASDAQ:PCYO) by 14.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 52,000 shares of the utilities provider’s stock after purchasing an additional 6,417 shares during the quarter. Diamond Hill Capital Management Inc. owned 0.22% of Pure Cycle worth $497,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Lazard Asset Management LLC bought a new position in Pure Cycle in the 1st quarter valued at $30,000. EntryPoint Capital LLC bought a new position in Pure Cycle in the 1st quarter valued at $103,000. State Board of Administration of Florida Retirement System bought a new position in Pure Cycle in the 1st quarter valued at $173,000. Los Angeles Capital Management LLC grew its position in Pure Cycle by 7.0% in the 2nd quarter. Los Angeles Capital Management LLC now owns 28,830 shares of the utilities provider’s stock valued at $275,000 after acquiring an additional 1,890 shares during the last quarter. Finally, Rhumbline Advisers grew its position in Pure Cycle by 24.0% in the 2nd quarter. Rhumbline Advisers now owns 33,088 shares of the utilities provider’s stock valued at $316,000 after acquiring an additional 6,398 shares during the last quarter. Institutional investors own 51.39% of the company’s stock.

Pure Cycle Stock Performance

Shares of Pure Cycle stock opened at $10.23 on Monday. The stock’s fifty day moving average is $10.23 and its two-hundred day moving average is $9.74. The company has a market capitalization of $246.34 million, a PE ratio of 40.92 and a beta of 0.92. The company has a quick ratio of 3.56, a current ratio of 4.10 and a debt-to-equity ratio of 0.06. Pure Cycle Co. has a 52 week low of $8.94 and a 52 week high of $11.18.

Pure Cycle (NASDAQ:PCYO) last posted its quarterly earnings results on Wednesday, July 10th. The utilities provider reported $0.12 earnings per share (EPS) for the quarter. Pure Cycle had a return on equity of 5.07% and a net margin of 31.00%. The business had revenue of $7.60 million for the quarter.

Pure Cycle Profile

Pure Cycle Corporation designs, constructs, operates, and maintains water and wastewater systems in the Denver metropolitan area and Colorado Front Range in the United States. It operates in two segments, Wholesale Water and Wastewater Services, and Land Development. The company engages in the wholesale water production, storage, treatment, and distribution systems; wastewater collection and treatment systems; development of 930-acre master-planned community; oil and gas leasing business; and construction and leasing of single-family homes.