Tower Research Capital LLC TRC Boosts Stake in Artesian Resources Co. (NASDAQ:ARTNA)

Tower Research Capital LLC TRC grew its position in shares of Artesian Resources Co. (NASDAQ:ARTNA) by 454.9% in the 4th quarter, HoldingsChannel reports. The firm owned 1,010 shares of the utilities provider’s stock after acquiring an additional 828 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Artesian Resources were worth $42,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in ARTNA. Quantbot Technologies LP lifted its stake in Artesian Resources by 153.5% during the third quarter. Quantbot Technologies LP now owns 1,478 shares of the utilities provider’s stock worth $62,000 after purchasing an additional 895 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Artesian Resources by 64.2% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,012 shares of the utilities provider’s stock worth $84,000 after purchasing an additional 787 shares during the last quarter. Jones Financial Companies Lllp bought a new stake in Artesian Resources during the fourth quarter worth about $93,000. SG Americas Securities LLC bought a new stake in Artesian Resources during the fourth quarter worth about $129,000. Finally, Johnson Investment Counsel Inc. bought a new stake in Artesian Resources during the fourth quarter worth about $237,000. Institutional investors own 57.37% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on ARTNA. TheStreet lowered Artesian Resources from a “b-” rating to a “c+” rating in a research note on Monday, February 5th. StockNews.com raised Artesian Resources from a “sell” rating to a “hold” rating in a research note on Thursday, April 18th.

Artesian Resources Trading Up 1.8 %

Shares of NASDAQ ARTNA traded up $0.66 during midday trading on Thursday, reaching $36.70. The company had a trading volume of 31,784 shares, compared to its average volume of 36,316. Artesian Resources Co. has a one year low of $33.42 and a one year high of $55.98. The company has a quick ratio of 1.10, a current ratio of 1.37 and a debt-to-equity ratio of 0.77. The firm’s fifty day moving average price is $35.41 and its 200-day moving average price is $38.36. The stock has a market cap of $377.64 million, a PE ratio of 21.71 and a beta of 0.20.

Artesian Resources (NASDAQ:ARTNA) last released its earnings results on Wednesday, March 13th. The utilities provider reported $0.34 earnings per share for the quarter. The company had revenue of $24.55 million during the quarter. Artesian Resources had a return on equity of 7.62% and a net margin of 16.89%. On average, equities research analysts anticipate that Artesian Resources Co. will post 1.99 earnings per share for the current year.

Artesian Resources Profile

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.