John G Ullman & Associates Inc. Invests $1.18 Million in The York Water Company $YORW

John G Ullman & Associates Inc. purchased a new position in The York Water Company (NASDAQ:YORW) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 37,050 shares of the utilities provider’s stock, valued at approximately $1,180,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Versant Capital Management Inc raised its holdings in shares of York Water by 290.7% in the third quarter. Versant Capital Management Inc now owns 922 shares of the utilities provider’s stock worth $28,000 after buying an additional 686 shares during the period. Advisory Services Network LLC bought a new position in York Water in the third quarter worth approximately $31,000. Parallel Advisors LLC grew its stake in York Water by 589.5% in the third quarter. Parallel Advisors LLC now owns 1,179 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 1,008 shares in the last quarter. Farther Finance Advisors LLC grew its stake in York Water by 62.4% in the fourth quarter. Farther Finance Advisors LLC now owns 1,148 shares of the utilities provider’s stock worth $37,000 after purchasing an additional 441 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in York Water by 211.4% in the fourth quarter. GAMMA Investing LLC now owns 1,367 shares of the utilities provider’s stock worth $44,000 after purchasing an additional 928 shares in the last quarter. 49.86% of the stock is currently owned by hedge funds and other institutional investors.

York Water Stock Down 0.8%

Shares of NASDAQ YORW opened at $29.08 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.60 and a debt-to-equity ratio of 0.94. The stock has a market capitalization of $471.39 million, a PE ratio of 19.78 and a beta of 0.60. The stock’s fifty day simple moving average is $30.53 and its two-hundred day simple moving average is $31.90. The York Water Company has a 12-month low of $28.26 and a 12-month high of $34.30.

York Water (NASDAQ:YORW) last announced its earnings results on Tuesday, May 5th. The utilities provider reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.02. The business had revenue of $20.07 million for the quarter, compared to analysts’ expectations of $20.29 million. York Water had a return on equity of 8.89% and a net margin of 26.84%.

York Water Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a $0.228 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.91 dividend on an annualized basis and a dividend yield of 3.1%. York Water’s dividend payout ratio (DPR) is presently 61.90%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised York Water from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold”.

Insider Buying and Selling at York Water

In other York Water news, CEO Joseph Thomas Hand acquired 1,052 shares of the stock in a transaction dated Thursday, April 16th. The stock was purchased at an average price of $28.50 per share, with a total value of $29,982.00. Following the transaction, the chief executive officer directly owned 41,332 shares of the company’s stock, valued at $1,177,962. This trade represents a 2.61% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders acquired 1,556 shares of company stock valued at $44,590. 0.50% of the stock is owned by company insiders.

About York Water

York Water Company (NASDAQ: YORW) is an investor-owned regulated water utility headquartered in York, Pennsylvania. Founded in 1816, it is the oldest publicly traded water utility in the United States. The company’s principal operations involve the collection, treatment and distribution of potable water to residential, commercial and industrial customers under rate schedules approved by the Pennsylvania Public Utility Commission.

York Water Company’s service territory covers portions of south-central Pennsylvania, including York County and neighboring Adams and Franklin counties.