Farrow Financial Inc. Has $2.46 Million Holdings in Consolidated Water Co. Ltd. (NASDAQ:CWCO)

Farrow Financial Inc. grew its holdings in shares of Consolidated Water Co. Ltd. (NASDAQ:CWCO) by 7.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 97,510 shares of the utilities provider’s stock after purchasing an additional 6,874 shares during the quarter. Consolidated Water comprises about 1.5% of Farrow Financial Inc.’s investment portfolio, making the stock its 21st biggest position. Farrow Financial Inc. owned approximately 0.62% of Consolidated Water worth $2,458,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in CWCO. Oliver Lagore Vanvalin Investment Group acquired a new position in shares of Consolidated Water in the 2nd quarter worth approximately $27,000. nVerses Capital LLC bought a new position in Consolidated Water in the third quarter valued at about $33,000. Copeland Capital Management LLC bought a new position in shares of Consolidated Water in the 3rd quarter valued at about $48,000. Stanley Laman Group Ltd. acquired a new stake in Consolidated Water during the 3rd quarter worth $53,000. Finally, Russell Investments Group Ltd. grew its stake in shares of Consolidated Water by 25.6% during the first quarter. Russell Investments Group Ltd. now owns 5,050 shares of the utilities provider’s stock worth $148,000 after purchasing an additional 1,029 shares during the period. Institutional investors and hedge funds own 55.16% of the company’s stock.

Consolidated Water Price Performance

CWCO traded down $0.04 during mid-day trading on Friday, hitting $24.44. The stock had a trading volume of 44,147 shares, compared to its average volume of 122,698. The stock’s fifty day simple moving average is $25.81 and its 200-day simple moving average is $26.27. The firm has a market capitalization of $386.86 million, a price-to-earnings ratio of 16.63, a price-to-earnings-growth ratio of 2.47 and a beta of 0.16. Consolidated Water Co. Ltd. has a 1-year low of $23.70 and a 1-year high of $38.29.

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

Consolidated Water Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 1st will be paid a dividend of $0.11 per share. This is an increase from Consolidated Water’s previous quarterly dividend of $0.10. This represents a $0.44 annualized dividend and a dividend yield of 1.80%. The ex-dividend date of this dividend is Tuesday, October 1st. Consolidated Water’s payout ratio is currently 29.93%.

Consolidated Water Company Profile

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.