Diamond Hill Capital Management LLC Investment Advisor Takes Position in Pure Cycle Corporation $PCYO

Diamond Hill Capital Management LLC Investment Advisor bought a new position in shares of Pure Cycle Corporation (NASDAQ:PCYO) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 81,399 shares of the utilities provider’s stock, valued at approximately $872,000. Diamond Hill Capital Management LLC Investment Advisor owned approximately 0.34% of Pure Cycle at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Curi Capital LLC grew its position in Pure Cycle by 319.5% in the 2nd quarter. Curi Capital LLC now owns 672,048 shares of the utilities provider’s stock valued at $7,204,000 after acquiring an additional 511,837 shares in the last quarter. First Wilshire Securities Management Inc. boosted its stake in shares of Pure Cycle by 130.7% in the fourth quarter. First Wilshire Securities Management Inc. now owns 370,660 shares of the utilities provider’s stock valued at $4,074,000 after purchasing an additional 209,993 shares during the period. North Star Investment Management Corp. acquired a new position in shares of Pure Cycle in the first quarter valued at approximately $825,000. Bank of New York Mellon Corp acquired a new position in shares of Pure Cycle in the second quarter valued at approximately $863,000. Finally, Potomac Capital Management Inc. purchased a new stake in Pure Cycle during the 4th quarter worth approximately $536,000. 51.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings cut shares of Pure Cycle from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, August 3rd. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Pure Cycle has a consensus rating of “Hold”.

Pure Cycle Price Performance

PCYO stock opened at $11.27 on Tuesday. The business’s 50-day moving average is $10.84 and its two-hundred day moving average is $10.79. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.53 and a quick ratio of 1.13. The firm has a market capitalization of $271.61 million, a P/E ratio of 18.48 and a beta of 1.22. Pure Cycle Corporation has a 1 year low of $9.70 and a 1 year high of $12.44.

Pure Cycle (NASDAQ:PCYO) last released its earnings results on Wednesday, July 8th. The utilities provider reported $0.12 earnings per share for the quarter. The firm had revenue of $8.22 million for the quarter. Pure Cycle had a net margin of 43.66% and a return on equity of 9.98%.

About Pure Cycle

Pure Cycle Corporation (NASDAQ:PCYO) is a Colorado-based utility and real estate development company focused on water resource management and land development along the Front Range. The company’s core operations involve the acquisition, treatment and distribution of potable water, as well as the collection and treatment of wastewater, serving suburban and rural communities in the Denver metropolitan area. Pure Cycle holds substantial water rights and operates distribution and treatment facilities under a regulated utility model, providing essential services to residential and commercial customers.

In addition to its water utility business, Pure Cycle engages in real estate development, leveraging its water assets to create fully serviced residential communities.