Insider Selling: The York Water Co. (YORW) Director Sells $10,008.92 in Stock

The York Water Co. (NASDAQ:YORW) Director George Hay Esq Kain III sold 359 shares of the business’s stock in a transaction that occurred on Friday, September 16th. The shares were sold at an average price of $27.88, for a total transaction of $10,008.92. Following the completion of the sale, the director now directly owns 9,266 shares in the company, valued at $258,336.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Shares of The York Water Co. (NASDAQ:YORW) opened at 30.90 on Friday. The York Water Co. has a 1-year low of $20.93 and a 1-year high of $33.40. The stock has a market capitalization of $397.65 million, a P/E ratio of 32.05 and a beta of 0.57. The stock has a 50 day moving average of $29.02 and a 200-day moving average of $29.70.

The York Water (NASDAQ:YORW) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.23 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.23. The business earned $11.80 million during the quarter, compared to the consensus estimate of $12.08 million. The York Water had a net margin of 26.27% and a return on equity of 11.29%. The business’s revenue was down .8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.22 EPS. Equities research analysts predict that The York Water Co. will post $0.95 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be issued a dividend of $0.1555 per share. The ex-dividend date is Wednesday, September 28th. This represents a $0.62 annualized dividend and a yield of 2.01%. The York Water’s dividend payout ratio (DPR) is currently 63.92%.

Institutional investors have recently bought and sold shares of the stock. BlackRock Group LTD acquired a new position in The York Water during the second quarter valued at $108,000. BlackRock Advisors LLC increased its position in The York Water by 55.1% in the second quarter. BlackRock Advisors LLC now owns 6,161 shares of the company’s stock valued at $197,000 after buying an additional 2,189 shares during the period. Baird Financial Group Inc. acquired a new position in The York Water during the second quarter valued at $210,000. Goldman Sachs Group Inc. acquired a new position in The York Water during the first quarter valued at $211,000. Finally, Janney Montgomery Scott LLC acquired a new position in The York Water during the second quarter valued at $211,000. Hedge funds and other institutional investors own 30.96% of the company’s stock.

Separately, Zacks Investment Research downgraded shares of The York Water from a “hold” rating to a “sell” rating in a research note on Tuesday, August 16th.

About The York Water

The York Water Company is an investor-owned water utility. The Company impounds, purifies and distributes water. The Company owns and operates approximately two wastewater collection and treatment systems. It operates within its franchised territory, which covers over 40 municipalities within York County, Pennsylvania and over nine municipalities within Adams County, Pennsylvania.

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