Consolidated Water (NASDAQ:CWCO) Shares Gap Up to $30.06

Consolidated Water Co. Ltd. (NASDAQ:CWCO)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $30.06, but opened at $32.00. Consolidated Water shares last traded at $32.22, with a volume of 202,025 shares traded.

Consolidated Water Stock Performance

The company’s 50-day moving average is $30.17 and its 200-day moving average is $31.73.

Consolidated Water Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 1st will be paid a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend is Thursday, March 28th.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of CWCO. BlackRock Inc. boosted its stake in Consolidated Water by 344.1% during the second quarter. BlackRock Inc. now owns 985,963 shares of the utilities provider’s stock worth $23,890,000 after buying an additional 763,948 shares during the period. Legal & General Group Plc boosted its stake in Consolidated Water by 16,054.8% during the third quarter. Legal & General Group Plc now owns 331,982 shares of the utilities provider’s stock worth $9,442,000 after buying an additional 329,927 shares during the period. Geode Capital Management LLC boosted its stake in Consolidated Water by 137.9% during the second quarter. Geode Capital Management LLC now owns 326,009 shares of the utilities provider’s stock worth $7,899,000 after buying an additional 188,963 shares during the period. Invesco Ltd. boosted its stake in Consolidated Water by 86.8% during the third quarter. Invesco Ltd. now owns 379,739 shares of the utilities provider’s stock worth $10,800,000 after buying an additional 176,412 shares during the period. Finally, Vanguard Group Inc. purchased a new position in shares of Consolidated Water in the first quarter valued at approximately $1,796,000. Hedge funds and other institutional investors own 55.16% of the company’s stock.

Consolidated Water Company Profile

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.