Artesian Resources Co. (NASDAQ:ARTNA) has earned a consensus broker rating score of 0.00 () from the one analysts that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a buy recommendation.
Analysts have set a 12-month consensus price target of $37.00 for the company, according to Zacks. Zacks has also given Artesian Resources an industry rank of 174 out of 265 based on the ratings given to its competitors.
Several research analysts have commented on ARTNA shares. Zacks Investment Research downgraded shares of Artesian Resources from a “hold” rating to a “sell” rating in a report on Wednesday, January 4th. Hilliard Lyons raised shares of Artesian Resources from a “neutral” rating to a “buy” rating in a report on Tuesday, January 17th.
In other Artesian Resources news, Director Kenneth R. Biederman sold 3,000 shares of the firm’s stock in a transaction on Monday, March 13th. The shares were sold at an average price of $31.61, for a total value of $94,830.00. Following the completion of the transaction, the director now directly owns 22,875 shares of the company’s stock, valued at approximately $723,078.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Dian C. Taylor sold 6,750 shares of the firm’s stock in a transaction on Tuesday, March 21st. The shares were sold at an average price of $33.10, for a total transaction of $223,425.00. Following the completion of the transaction, the insider now directly owns 98,200 shares of the company’s stock, valued at $3,250,420. The disclosure for this sale can be found here. Over the last three months, insiders sold 11,500 shares of company stock valued at $376,845. Insiders own 20.59% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Renaissance Technologies LLC increased its position in shares of Artesian Resources by 9.0% in the fourth quarter. Renaissance Technologies LLC now owns 265,300 shares of the company’s stock valued at $8,474,000 after buying an additional 21,900 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Artesian Resources by 4.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 192,170 shares of the company’s stock valued at $6,138,000 after buying an additional 7,779 shares during the period. State Street Corp boosted its stake in Artesian Resources by 2.1% in the fourth quarter. State Street Corp now owns 174,038 shares of the company’s stock valued at $5,558,000 after buying an additional 3,529 shares during the period. Cutter & CO Brokerage Inc. bought a new stake in Artesian Resources during the fourth quarter valued at $3,151,000. Finally, FCA Corp TX boosted its stake in Artesian Resources by 4.9% in the third quarter. FCA Corp TX now owns 77,524 shares of the company’s stock valued at $2,213,000 after buying an additional 3,650 shares during the period. 37.21% of the stock is owned by hedge funds and other institutional investors.
Artesian Resources (NASDAQ:ARTNA) opened at 32.56 on Monday. Artesian Resources has a 12 month low of $25.72 and a 12 month high of $35.00. The firm has a market capitalization of $297.34 million, a P/E ratio of 23.09 and a beta of 0.17. The firm’s 50-day moving average is $32.48 and its 200 day moving average is $30.69.
About Artesian Resources
Artesian Resources Corporation is a holding company. The Company, through its subsidiaries, offers water, wastewater and other services on the Delmarva Peninsula. It distributes and sells water, including water for public and private fire protection, to residential, commercial, industrial, municipal and utility customers in Delaware, Maryland and Pennsylvania.
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