Penn Capital Management Company LLC Buys 35,447 Shares of The York Water Company $YORW

Penn Capital Management Company LLC increased its position in shares of The York Water Company (NASDAQ:YORW) by 59.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 94,612 shares of the utilities provider’s stock after buying an additional 35,447 shares during the quarter. Penn Capital Management Company LLC owned 0.66% of York Water worth $2,878,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Advisory Services Network LLC acquired a new stake in shares of York Water during the 3rd quarter worth approximately $31,000. Mercer Global Advisors Inc. ADV acquired a new position in shares of York Water in the third quarter valued at $235,000. Citadel Advisors LLC lifted its position in York Water by 13.2% in the third quarter. Citadel Advisors LLC now owns 13,872 shares of the utilities provider’s stock worth $422,000 after purchasing an additional 1,617 shares during the period. Alliancebernstein L.P. lifted its position in York Water by 9.6% in the third quarter. Alliancebernstein L.P. now owns 12,580 shares of the utilities provider’s stock worth $383,000 after purchasing an additional 1,100 shares during the period. Finally, Raymond James Financial Inc. boosted its stake in York Water by 8.5% during the third quarter. Raymond James Financial Inc. now owns 37,761 shares of the utilities provider’s stock worth $1,149,000 after buying an additional 2,960 shares in the last quarter. Institutional investors and hedge funds own 49.86% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on YORW. Wall Street Zen upgraded shares of York Water from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. Weiss Ratings reissued a “hold (c)” rating on shares of York Water in a research note on Monday, December 29th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

York Water Stock Performance

Shares of NASDAQ:YORW opened at $31.15 on Wednesday. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.67 and a quick ratio of 0.55. The business’s fifty day moving average price is $32.79 and its two-hundred day moving average price is $32.07. The York Water Company has a fifty-two week low of $29.68 and a fifty-two week high of $36.48. The stock has a market capitalization of $450.12 million, a price-to-earnings ratio of 22.41 and a beta of 0.73.

York Water (NASDAQ:YORW) last issued its quarterly earnings data on Tuesday, March 3rd. The utilities provider reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.04. York Water had a return on equity of 8.49% and a net margin of 25.89%.The company had revenue of $19.47 million during the quarter, compared to analysts’ expectations of $20.00 million. As a group, analysts predict that The York Water Company will post 1.43 EPS for the current fiscal year.

York Water Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Friday, February 27th will be issued a dividend of $0.228 per share. This represents a $0.91 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Friday, February 27th. York Water’s dividend payout ratio (DPR) is currently 65.47%.

York Water Profile

York Water Company (NASDAQ: YORW) is an investor-owned regulated water utility headquartered in York, Pennsylvania. Founded in 1816, it is the oldest publicly traded water utility in the United States. The company’s principal operations involve the collection, treatment and distribution of potable water to residential, commercial and industrial customers under rate schedules approved by the Pennsylvania Public Utility Commission.

York Water Company’s service territory covers portions of south-central Pennsylvania, including York County and neighboring Adams and Franklin counties.