Insider Analysis: Artesian Resources Corporation (NASDAQ:ARTNA)’s Stock Insider Transaction – William Wyer Sold 1 Shares

November 25, 2016 - By Dolores Ford

Insider Analysis: Artesian Resources Corporation (NASDAQ:ARTNA)'s Stock Insider Transaction   William Wyer Sold 1 Shares

William Wyer Insider Sell

A calculated and judicious move was made by the director of Artesian Resources Corp, Mr. William Wyer, two days ago, when he sold number of company shares – 1, amounting to $33 U.S Dollars, based on an average weighted cost of $33.0 per each share. He also sold 4,494 shares with a total value $148,302 USD in the last month. Right now, William Wyer holds 14,500 shares or precisely 0.15% of the company’s total market capitalization.

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. The firm has “Neutral” rating by Hilliard Lyons given on Friday, November 6. The firm has “Hold” rating given on Friday, August 7 by Zacks. Hilliard Lyons downgraded the shares of ARTNA in a report on Wednesday, October 21 to “Underperform” rating. The stock of Artesian Resources Corporation (NASDAQ:ARTNA) has “Neutral” rating given on Wednesday, March 2 by Robert W. Baird.

Insitutional Activity: The institutional sentiment increased to 1.21 in 2016 Q2. Its up 0.32, from 0.89 in 2016Q1. The ratio is positive, 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.

Bank Of Ny Mellon Corporation, a New York-based fund reported 78,412 shares. California Pub Employees Retirement accumulated 0% or 16,400 shares. Metropolitan Life Insur New York has invested 0% of its portfolio in Artesian Resources Corporation (NASDAQ:ARTNA). Moreover, Strs Ohio has 0% invested in Artesian Resources Corporation (NASDAQ:ARTNA) for 6,700 shares. The Ontario – Canada-based Bank Of Montreal Can has invested 0% in Artesian Resources Corporation (NASDAQ:ARTNA). Moreover, Janney Montgomery Scott Ltd Liability Co has 0% invested in Artesian Resources Corporation (NASDAQ:ARTNA) for 11,293 shares. Northern Tru Corporation holds 0% or 103,214 shares in its portfolio. Deprince Race And Zollo holds 60,998 shares or 0.04% of its portfolio. The New York-based Teton Advsrs has invested 0.07% in Artesian Resources Corporation (NASDAQ:ARTNA). Pnc Financial Services Grp Inc has 8,262 shares for 0% of their US portfolio. California State Teachers Retirement holds 0% of its portfolio in Artesian Resources Corporation (NASDAQ:ARTNA) for 16,280 shares. Moreover, Ipswich Invest Mgmt Inc has 0.33% invested in Artesian Resources Corporation (NASDAQ:ARTNA) for 19,685 shares. Dimensional Fund Advsrs Ltd Partnership reported 170,985 shares or 0% of all its holdings. Advisors Asset Mngmt Incorporated has invested 0% of its portfolio in Artesian Resources Corporation (NASDAQ:ARTNA). Earnest Partners Limited Company holds 0% or 700 shares in its portfolio.

Insider Transactions: Since June 3, 2016, the stock had 2 insider purchases, and 4 insider sales for $422,713 net activity. WYER WILLIAM C sold 4,494 shares worth $148,302. Taylor Nicholle Renee bought $4,362 worth of stock or 151 shares. $171,100 worth of Artesian Resources Corporation (NASDAQ:ARTNA) shares were sold by EISENBREY JOHN R JR. $7,153 worth of Artesian Resources Corporation (NASDAQ:ARTNA) was sold by Anderson Pierre A.

The stock increased 2.87% or $0.91 during the last trading session, hitting $32.43. About 5,825 shares traded hands. Artesian Resources Corporation (NASDAQ:ARTNA) has risen 16.61% since April 22, 2016 and is uptrending. It has outperformed by 11.20% the S&P500.

Artesian Resources Corporation is a holding company. The company has a market cap of $279.77 million. The Company, through its subsidiaries, offers water, wastewater and other services on the Delmarva Peninsula. It has a 24.59 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 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 the news titled: “Artesian Resources Corporation Reports 2016 Third Quarter and Year-to-Date Results” on November 02, 2016. Delawareonline.com‘s news article titled: “Artesian Resources nets $2.8M 1Q profit” with publication date: May 05, 2016 was also an interesting one.

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).

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Tags: , ,

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>