Consolidated Water Co. Ltd. (NASDAQ:CWCO) Shares Bought by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV raised its position in shares of Consolidated Water Co. Ltd. (NASDAQ:CWCO) by 7.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,117 shares of the utilities provider’s stock after acquiring an additional 1,210 shares during the quarter. Mercer Global Advisors Inc. ADV owned approximately 0.11% of Consolidated Water worth $454,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in CWCO. Precision Wealth Strategies LLC acquired a new position in shares of Consolidated Water during the fourth quarter valued at approximately $227,000. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Consolidated Water in the fourth quarter valued at approximately $629,000. Creekmur Asset Management LLC purchased a new stake in shares of Consolidated Water in the fourth quarter valued at approximately $45,000. GoalVest Advisory LLC purchased a new stake in shares of Consolidated Water in the first quarter valued at approximately $29,000. Finally, Allspring Global Investments Holdings LLC grew its position in shares of Consolidated Water by 35.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 68,058 shares of the utilities provider’s stock valued at $1,995,000 after purchasing an additional 17,926 shares in the last quarter. Institutional investors and hedge funds own 55.16% of the company’s stock.

Consolidated Water Trading Up 2.1 %

Shares of Consolidated Water stock opened at $25.17 on Friday. Consolidated Water Co. Ltd. has a fifty-two week low of $23.70 and a fifty-two week high of $38.29. The stock has a 50 day moving average of $26.81 and a 200 day moving average of $26.67.

Consolidated Water (NASDAQ:CWCO) last released its quarterly earnings results on Wednesday, August 14th. The utilities provider reported $0.26 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.08). Consolidated Water had a return on equity of 15.49% and a net margin of 23.26%. The firm had revenue of $32.48 million for the quarter, compared to analysts’ expectations of $37.12 million. Research analysts predict that Consolidated Water Co. Ltd. will post 1.25 earnings per share for the current year.

Consolidated Water Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 1st will be paid a $0.11 dividend. This is a boost from Consolidated Water’s previous quarterly dividend of $0.10. This represents a $0.44 annualized dividend and a dividend yield of 1.75%. The ex-dividend date is Tuesday, October 1st.

About Consolidated Water

Consolidated Water Co Ltd., together with its subsidiaries, designs, constructs, manages, and operates water production and water treatment plants primarily in the Cayman Islands, the Bahamas, and the United States. The company operates through four segments: Retail, Bulk, Services, and Manufacturing.