News stories about Artesian Resources Corporation (NASDAQ:ARTNA) have trended somewhat positive recently, Accern Sentiment reports. The research group rates the sentiment of news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Artesian Resources Corporation earned a coverage optimism score of 0.04 on Accern’s scale. Accern also gave news articles about the utilities provider an impact score of 46.4730524509636 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Shares of Artesian Resources Corporation (NASDAQ:ARTNA) opened at $40.67 on Friday. Artesian Resources Corporation has a twelve month low of $29.36 and a twelve month high of $43.22. The stock has a market capitalization of $373.84, a PE ratio of 28.84 and a beta of 0.09. The company has a current ratio of 0.71, a quick ratio of 0.64 and a debt-to-equity ratio of 0.73.

Artesian Resources Corporation (NASDAQ:ARTNA) last released its earnings results on Thursday, November 2nd. The utilities provider reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.03). Artesian Resources Corporation had a return on equity of 9.18% and a net margin of 15.96%. The company had revenue of $22.36 million for the quarter. analysts expect that Artesian Resources Corporation will post 1.42 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 22nd. Investors of record on Monday, November 13th were issued a dividend of $0.2352 per share. This represents a $0.94 annualized dividend and a yield of 2.31%. The ex-dividend date of this dividend was Friday, November 10th. This is a positive change from Artesian Resources Corporation’s previous quarterly dividend of $0.23. Artesian Resources Corporation’s dividend payout ratio is presently 66.67%.

Several research firms have recently weighed in on ARTNA. Zacks Investment Research cut Artesian Resources Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, November 16th. BidaskClub cut Artesian Resources Corporation from a “hold” rating to a “sell” rating in a research report on Friday, August 11th.

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In related news, Director Kenneth R. Biederman sold 2,000 shares of the company’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $39.05, for a total transaction of $78,100.00. Following the sale, the director now owns 21,875 shares in the company, valued at $854,218.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 20.59% of the company’s stock.

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.

Insider Buying and Selling by Quarter for Artesian Resources Corporation (NASDAQ:ARTNA)

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