Insider Analysis: William Wyer, director of Artesian Resources Corporation (NASDAQ:ARTNA) Just Unloaded Shares

November 23, 2016 - By Dolores Ford

Insider Analysis: William Wyer, director of Artesian Resources Corporation (NASDAQ:ARTNA) Just Unloaded Shares

William Wyer Insider Sell

William Wyer is the director of Artesian Resources Corp. He lately sold 4,494 shares in the Pinksheet-listed Artesian Resources Corp with the deal value amounting to close to $148,302 USD. That is according to the filed price of $33.0 per every share. William Wyer today owns 14,500 shares which are precisely 0.17% of the Delaware-Company’s market capitalization. The public filing was unveiled on November 23, 2016 with the U.S. Security and Exchange Commission and is now at your disposal here.

Artesian Resources Corporation (NASDAQ:ARTNA) Ratings Coverage

Out of 2 analysts covering Artesian Resources (NASDAQ:ARTNA), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. Artesian Resources has been the topic of 4 analyst reports since August 7, 2015 according to StockzIntelligence Inc. Robert W. Baird downgraded Artesian Resources Corporation (NASDAQ:ARTNA) on Wednesday, March 2 to “Neutral” rating. The rating was upgraded by Hilliard Lyons on Friday, November 6 to “Neutral”. The rating was downgraded by Hilliard Lyons on Wednesday, October 21 to “Underperform”. The stock of Artesian Resources Corporation (NASDAQ:ARTNA) earned “Hold” rating by Zacks on Friday, August 7.

Insitutional Activity: The institutional sentiment increased to 1.21 in Q2 2016. Its up 0.32, from 0.89 in 2016Q1. The ratio increased, as 3 funds sold all Artesian Resources Corporation shares owned while 33 reduced positions. 8 funds bought stakes while 24 increased positions. They now own 3.35 million shares or 0.42% more from 3.33 million shares in 2016Q1.

Sei Investments Company holds 0% of its portfolio in Artesian Resources Corporation (NASDAQ:ARTNA) for 511 shares. Creative Planning has 0% invested in the company for 12,068 shares. Axa holds 6,788 shares or 0% of its portfolio. Moreover, Martingale Asset Mngmt Limited Partnership has 0.01% invested in Artesian Resources Corporation (NASDAQ:ARTNA) for 16,209 shares. Goldman Sachs accumulated 6,409 shares or 0% of the stock. The Ohio-based Strs Ohio has invested 0% in Artesian Resources Corporation (NASDAQ:ARTNA). Teachers Advsrs Incorporated reported 12,334 shares or 0% of all its holdings. Thrivent Fincl For Lutherans last reported 74,690 shares in the company. Tower Limited Company (Trc) holds 0% or 178 shares in its portfolio. North Star Inv Management accumulated 26,700 shares or 0.17% of the stock. Moreover, Ironsides Asset Advisors Ltd Liability Co has 0.13% invested in Artesian Resources Corporation (NASDAQ:ARTNA) for 13,050 shares. Cutter & Brokerage, a Missouri-based fund reported 132,892 shares. Moreover, Cornerstone Management Ltd Co has 0% invested in Artesian Resources Corporation (NASDAQ:ARTNA) for 11,980 shares. Schwab Charles Investment Mgmt Incorporated has 0% invested in the company for 14,500 shares. Roffman Miller Associates Pa has invested 0.44% of its portfolio in Artesian Resources Corporation (NASDAQ:ARTNA).

Insider Transactions: Since May 25, 2016, the stock had 2 insider purchases, and 3 selling transactions for $274,411 net activity. WYER WILLIAM C had sold 3,375 shares worth $101,318 on Wednesday, June 8. Anderson Pierre A had sold 250 shares worth $7,153 on Tuesday, September 20. EISENBREY JOHN R JR also sold $220,775 worth of Artesian Resources Corporation (NASDAQ:ARTNA) on Wednesday, May 25. 28 Artesian Resources Corporation (NASDAQ:ARTNA) shares with value of $798 were bought by Taylor Nicholle Renee.

About 14,834 shares traded hands. Artesian Resources Corporation (NASDAQ:ARTNA) has risen 24.34% since April 21, 2016 and is uptrending. It has outperformed by 19.01% the S&P500.

Artesian Resources Corporation is a holding company. The company has a market cap of $287.78 million. The Company, through its subsidiaries, offers water, wastewater and other services on the Delmarva Peninsula. It has a 23.74 P/E ratio. It distributes and sells water, including water for public and private fire protection, to residential, commercial, industrial, municipal and utility clients in Delaware, Maryland and Pennsylvania.

According to Zacks Investment Research, “Artesian Resources Corporation operates as the parent holding company of Artesian Water Company, Inc a regulated public water utility. Artesian Water provides water utility service to customers with in its established service territory in portions of New Castle County, Delaware.”

Analysts await Artesian Resources Corporation (NASDAQ:ARTNA) to report earnings on March, 8.

More important recent Artesian Resources Corporation (NASDAQ:ARTNA) news were published by: Nasdaq.com which released: “Artesian Resources Corporation (ARTNA) Ex-Dividend Date Scheduled for November ..” on November 04, 2016, also Globenewswire.com published article titled: “Artesian Resources Corporation Reports 2016 Third Quarter and Year-to-Date Results”, Delawareonline.com published: “Artesian Resources nets $2.8M 1Q profit” on May 05, 2016. More interesting news about Artesian Resources Corporation (NASDAQ:ARTNA) was released by: Seekingalpha.com and their article: “Artesian Resources: Small Company, Big Dividends (ARTNA)” with publication date: December 15, 2014.

ARTNA Company Profile

Artesian Resources Corporation, incorporated on February 10, 1927, is a holding company. The Company, through its subsidiaries, offers water, wastewater and other services on the Delmarva Peninsula. The Firm distributes and sells water, including water for public and private fire protection, to residential, commercial, industrial, municipal and utility clients in Delaware, Maryland and Pennsylvania. It provides wastewater services to clients in Delaware. It also provides contract water and wastewater operations, and water and sewer Service Line Protection Plans. The Company’s subsidiaries include Artesian Water Company, Inc. (Artesian Water), Artesian Water Pennsylvania, Inc. (Artesian Water Pennsylvania), Artesian Water Maryland, Inc. (Artesian Water Maryland), Artesian Wastewater Management, Inc. (Artesian Wastewater), Artesian Wastewater Maryland, Inc. (Artesian Wastewater Maryland), Artesian Utility Development, Inc. (Artesian Utility), Artesian Development Corporation (Artesian Development) and Artesian Consulting Engineers, Inc. (Artesian Consulting Engineers).

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