The most recent statement that Strs Ohio has filed with the Securities and Exchange Commission reveals that during the third quarter, the company decreased the number of shares of Artesian Resources Co. (NASDAQ: ARTNA) that it owned by 13.3%. The corporation ended the period with 11,700 shares of the utility provider’s stock, having sold 1,800 of those shares earlier. The most recent disclosure that Strs Ohio made to the SEC indicated that the company held shares in Artesian Resources with a value of approximately $563,000, equivalent to approximately 0.12% of the company.
In addition, several institutional investors have recently adjusted the percentage of the company’s stock in their respective portfolios. Amalgamated Bank put approximately $48,000 into increasing its shareholdings in Artesian Resources over the year’s first three months. A financial investment of $54,000 was made in Artesian Resources by SeaCrest Wealth Management LLC during the second quarter of 2018. DZ Bank AG, also known as Deutsche Zentral Genossenschaftsbank Frankfurt am Main, established a new position in artesian resources with a value of $84,000 during the second quarter. FMR LLC successfully increased its ownership of Artesian Resources by 24.4% over the second quarter. FMR LLC now has 3,416 shares of the utility provider’s stock, valued at $168,000. This was accomplished by acquiring an additional 670 shares during the period in question. Lastly, but certainly not least, during the second quarter, BNP Paribas Arbitrage SA increased the percentage of Artesian Resources shares it owned by 26.4 percent. The total value of BNP Paribas Arbitrage SA’s holdings has increased to $171,000 due to their recent acquisition of 726 additional shares of the utility’s stock, bringing their total number of shares held to 3,473. Hedge funds and institutional investors hold 49.19% of the total shares outstanding in the company.
On October 12th, the day that StockNews.com first began reporting on the company, a research report about Artesian Resources was published on the website. They advised their clients to purchase the stock.
On November 17th, Artesian Resources director Kenneth R. Biederman sold 3,396 shares of the company’s stock. Another recent piece of news is as follows: The price of $53.08 per share was determined to be the average selling price for the stock, which was sold for a total of $180,259.68 worth of shares. The director is now the owner of 22,875 company shares, which together have an estimated value of $1,214,205 as a result of the completion of the transaction. If you follow this link, you will be taken to a document submitted to the Securities and Exchange Commission (SEC). The document contains an in-depth explanation of the reported transaction to the SEC. According to reports from other news outlets, on December 9th, business insider Dian C. Taylor sold 4,768 shares of company stock. This transaction