Dimensional Fund Advisors LP raised its stake in Artesian Resources Corporation (NASDAQ:ARTNA) by 4.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 200,290 shares of the utilities provider’s stock after buying an additional 8,120 shares during the period. Dimensional Fund Advisors LP’s holdings in Artesian Resources Corporation were worth $6,521,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Geode Capital Management LLC boosted its stake in Artesian Resources Corporation by 2.6% in the first quarter. Geode Capital Management LLC now owns 110,162 shares of the utilities provider’s stock worth $3,586,000 after buying an additional 2,784 shares during the period. Vanguard Group Inc. boosted its stake in Artesian Resources Corporation by 0.7% in the first quarter. Vanguard Group Inc. now owns 365,893 shares of the utilities provider’s stock worth $11,914,000 after buying an additional 2,417 shares during the period. TIAA CREF Investment Management LLC boosted its stake in Artesian Resources Corporation by 6.4% in the first quarter. TIAA CREF Investment Management LLC now owns 25,289 shares of the utilities provider’s stock worth $823,000 after buying an additional 1,511 shares during the period. ClariVest Asset Management LLC purchased a new stake in Artesian Resources Corporation during the first quarter worth approximately $269,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Artesian Resources Corporation during the first quarter worth approximately $242,000. Hedge funds and other institutional investors own 39.87% of the company’s stock.

Artesian Resources Corporation (NASDAQ ARTNA) traded down 0.1486% during mid-day trading on Friday, reaching $36.8252. The company had a trading volume of 23,556 shares. The stock’s 50-day moving average price is $37.74 and its 200 day moving average price is $36.09. The firm has a market capitalization of $338.35 million, a PE ratio of 25.2227 and a beta of 0.10. Artesian Resources Corporation has a 52 week low of $26.28 and a 52 week high of $41.90.

The business also recently announced a quarterly dividend, which will be paid on Friday, August 25th. Shareholders of record on Monday, August 14th will be issued a $0.2317 dividend. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $0.93 dividend on an annualized basis and a yield of 2.51%. Artesian Resources Corporation’s dividend payout ratio (DPR) is presently 63.27%.

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ARTNA has been the subject of a number of research reports. BidaskClub upgraded Artesian Resources Corporation from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Zacks Investment Research cut Artesian Resources Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, May 9th. Finally, Hilliard Lyons cut Artesian Resources Corporation from a “buy” rating to a “neutral” rating and set a $41.00 price objective for the company. in a research report on Thursday, May 4th.

In other Artesian Resources Corporation news, Director Nicholle Renee Taylor sold 2,678 shares of the stock in a transaction dated Friday, June 23rd. The shares were sold at an average price of $40.10, for a total value of $107,387.80. Following the completion of the transaction, the director now directly owns 7,003 shares of the company’s stock, valued at $280,820.30. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Dian C. Taylor sold 4,702 shares of the stock in a transaction dated Friday, June 23rd. The shares were sold at an average price of $40.08, for a total transaction of $188,456.16. Following the completion of the transaction, the insider now directly owns 97,152 shares of the company’s stock, valued at $3,893,852.16. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,650 shares of company stock valued at $954,969. 20.59% of the stock is currently owned by corporate insiders.

Artesian Resources Corporation Company Profile

Artesian Resources Corporation is a holding company. The Company’s subsidiaries offer water, wastewater and other services on the Delmarva Peninsula. The Company distributes and sells water, including water for public and private fire protection, to residential, commercial, industrial, municipal and utility customers in the states of Delaware, Maryland and Pennsylvania.

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Institutional Ownership by Quarter for Artesian Resources Corporation (NASDAQ:ARTNA)

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