Teton Advisors Inc. Has $1.32 Million Position in Artesian Resources Co. (NASDAQ:ARTNA)

Teton Advisors Inc. lowered its stake in shares of Artesian Resources Co. (NASDAQ:ARTNA) by 1.5% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 31,820 shares of the utilities provider’s stock after selling 500 shares during the period. Teton Advisors Inc. owned approximately 0.31% of Artesian Resources worth $1,319,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. increased its stake in Artesian Resources by 11.9% in the third quarter. Vanguard Group Inc. now owns 546,852 shares of the utilities provider’s stock valued at $22,962,000 after acquiring an additional 58,055 shares during the period. Kestra Advisory Services LLC increased its stake in Artesian Resources by 170.0% in the third quarter. Kestra Advisory Services LLC now owns 257,466 shares of the utilities provider’s stock valued at $10,811,000 after acquiring an additional 162,092 shares during the period. Foundry Partners LLC increased its stake in Artesian Resources by 6.7% in the fourth quarter. Foundry Partners LLC now owns 116,761 shares of the utilities provider’s stock valued at $4,840,000 after acquiring an additional 7,305 shares during the period. Bank of New York Mellon Corp increased its stake in Artesian Resources by 1.2% in the third quarter. Bank of New York Mellon Corp now owns 96,697 shares of the utilities provider’s stock valued at $4,060,000 after acquiring an additional 1,185 shares during the period. Finally, Russell Investments Group Ltd. increased its stake in Artesian Resources by 55.9% in the fourth quarter. Russell Investments Group Ltd. now owns 83,970 shares of the utilities provider’s stock valued at $3,481,000 after acquiring an additional 30,101 shares during the period. Institutional investors and hedge funds own 57.37% of the company’s stock.

Artesian Resources Price Performance

Artesian Resources stock traded down $0.12 during trading hours on Tuesday, hitting $34.98. 25,608 shares of the stock were exchanged, compared to its average volume of 36,470. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.10 and a current ratio of 1.37. The stock has a market capitalization of $359.94 million, a P/E ratio of 21.07 and a beta of 0.18. Artesian Resources Co. has a 12 month low of $33.42 and a 12 month high of $55.98. The business’s 50-day moving average is $35.42 and its two-hundred day moving average is $38.42.

Artesian Resources (NASDAQ:ARTNA) last issued its quarterly earnings data on Wednesday, March 13th. The utilities provider reported $0.34 earnings per share for the quarter. Artesian Resources had a net margin of 16.89% and a return on equity of 7.62%. The firm had revenue of $24.55 million for the quarter. Equities research analysts expect that Artesian Resources Co. will post 1.99 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have weighed in on ARTNA. StockNews.com raised shares of Artesian Resources from a “sell” rating to a “hold” rating in a research note on Thursday, April 18th. TheStreet cut shares of Artesian Resources from a “b-” rating to a “c+” rating in a research note on Monday, February 5th.

Artesian Resources Profile

Artesian Resources Corporation, through its subsidiaries, provides water, wastewater, and other services in Delaware, Maryland, and Pennsylvania. The company distributes and sells water to residential, commercial, industrial, governmental, municipal, and utility customers, as well as for public and private fire protection in the states of Delaware, Maryland, and Pennsylvania; and offers wastewater collection, treatment infrastructure, and wastewater services to customers in Delaware.