Artesian Resources Co. (NASDAQ:ARTNA) Shares Sold by AlphaQuest LLC

AlphaQuest LLC lessened its position in shares of Artesian Resources Co. (NASDAQ:ARTNA) by 9.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,136 shares of the utilities provider’s stock after selling 866 shares during the quarter. AlphaQuest LLC owned 0.08% of Artesian Resources worth $257,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. R Squared Ltd purchased a new stake in Artesian Resources in the fourth quarter valued at $63,000. Atria Investments Inc grew its holdings in Artesian Resources by 7.1% during the third quarter. Atria Investments Inc now owns 6,527 shares of the utilities provider’s stock worth $243,000 after acquiring an additional 431 shares during the period. Walleye Capital LLC acquired a new position in Artesian Resources in the third quarter valued at approximately $289,000. Raymond James Financial Inc. acquired a new position in Artesian Resources in the fourth quarter valued at approximately $272,000. Finally, Quest Partners LLC boosted its position in Artesian Resources by 658.4% in the 3rd quarter. Quest Partners LLC now owns 9,002 shares of the utilities provider’s stock worth $335,000 after purchasing an additional 7,815 shares in the last quarter. 57.37% of the stock is owned by institutional investors and hedge funds.

Artesian Resources Stock Performance

ARTNA opened at $31.97 on Friday. The stock has a market cap of $329.23 million, a P/E ratio of 16.39 and a beta of 0.19. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.22 and a quick ratio of 1.07. The firm has a fifty day moving average price of $31.27 and a 200 day moving average price of $33.60. Artesian Resources Co. has a 1 year low of $29.45 and a 1 year high of $41.29.

Artesian Resources Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were paid a $0.3014 dividend. This represents a $1.21 annualized dividend and a dividend yield of 3.77%. The ex-dividend date was Friday, February 7th. This is a positive change from Artesian Resources’s previous quarterly dividend of $0.30. Artesian Resources’s payout ratio is currently 61.54%.

Artesian Resources Company 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.