Insider Selling: John M. Thaeder Sells 2,575 Shares of Artesian Resources Corp. Stock (ARTNA)
Artesian Resources Corp. (NASDAQ:ARTNA) SVP John M. Thaeder sold 2,575 shares of the stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $21.21, for a total transaction of $54,615.75. Following the sale, the senior vice president now directly owns 23,645 shares of the company’s stock, valued at approximately $501,510. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Artesian Resources Corp. (NASDAQ:ARTNA) traded down 0.37% on Tuesday, hitting $21.55. 21,392 shares of the company’s stock traded hands. Artesian Resources Corp. has a 52 week low of $21.04 and a 52 week high of $24.27. The stock has a 50-day moving average of $22.02 and a 200-day moving average of $22.34. The company has a market cap of $191.1 million and a price-to-earnings ratio of 22.07.
Artesian Resources Corp. (NASDAQ:ARTNA) last released its earnings data on Tuesday, May 6th. The company reported $0.23 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.21 by $0.02. Analysts expect that Artesian Resources Corp. will post $1.15 EPS for the current fiscal year.
ARTNA has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Artesian Resources Corp. from an “underperform” rating to a “neutral” rating in a research note on Tuesday. They now have a $22.20 price target on the stock.
Artesian Resources Corporation (NASDAQ:ARTNA) operates as a parent holding company of Artesian Water Company, Inc (Artesian Water), Artesian Water Pennsylvania, Inc (Artesian Water Pennsylvania), Artesian Water Maryland, Inc (Artesian Water Maryland), Artesian Wastewater Management, Inc (Artesian Wastewater), Artesian Wastewater Maryland, Inc These Companies are regulated public utilities, while the Company’s three non-regulated subsidiaries include Artesian Utility Development, Inc (Artesian Utility), Artesian Development Corporation (Artesian Development) and Artesian Consulting Engineers, Inc The Company distributes and sells water, including water for public and private fire protection, to residential, commercial, industrial, municipal and utility customers throughout the states of Delaware, Maryland and Pennsylvania.
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