Assenagon Asset Management S.A. Sells 15,945 Shares of Artesian Resources Corporation $ARTNA

Posted by Brenda Bartman on Aug 15th, 2026

Assenagon Asset Management S.A. trimmed its stake in Artesian Resources Corporation (NASDAQ:ARTNA – Free Report) by 35.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,365 shares of the utilities provider’s stock after selling 15,945 shares during the period. Assenagon Asset Management S.A. owned about 0.28% of Artesian Resources worth $998,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Renaissance Technologies LLC grew its position in shares of Artesian Resources by 15.1% in the 1st quarter. Renaissance Technologies LLC now owns 320,456 shares of the utilities provider’s stock worth $10,207,000 after buying an additional 42,000 shares during the last quarter. Gabelli Funds LLC increased its holdings in shares of Artesian Resources by 23.4% in the first quarter. Gabelli Funds LLC now owns 29,000 shares of the utilities provider’s stock valued at $924,000 after purchasing an additional 5,500 shares during the period. FCA Corp TX raised its stake in shares of Artesian Resources by 6.8% in the first quarter. FCA Corp TX now owns 69,722 shares of the utilities provider’s stock worth $2,221,000 after purchasing an additional 4,412 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Artesian Resources by 30.5% in the first quarter. Arrowstreet Capital Limited Partnership now owns 73,656 shares of the utilities provider’s stock valued at $2,346,000 after purchasing an additional 17,213 shares during the last quarter. Finally, Sei Investments Co. purchased a new stake in shares of Artesian Resources during the first quarter worth about $213,000. 57.37% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of Artesian Resources from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, July 17th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Artesian Resources has a consensus rating of “Hold”.

Read Our Latest Stock Analysis on Artesian Resources

Artesian Resources Stock Up 0.2%

Shares of NASDAQ ARTNA opened at $35.78 on Friday. The firm has a market cap of $369.25 million, a P/E ratio of 15.62 and a beta of 0.33. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.89 and a current ratio of 1.01. Artesian Resources Corporation has a 1 year low of $30.50 and a 1 year high of $35.87. The firm’s 50 day moving average price is $33.84 and its 200 day moving average price is $33.01.

Artesian Resources (NASDAQ:ARTNA – Get Free Report) last posted its quarterly earnings data on Friday, August 7th. The utilities provider reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.05. The company had revenue of $30.66 million during the quarter, compared to the consensus estimate of $29.80 million. Artesian Resources had a net margin of 20.18% and a return on equity of 9.37%.

Artesian Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Monday, August 17th will be given a $0.3199 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend is Monday, August 17th. Artesian Resources’s dividend payout ratio is presently 55.90%.

Artesian Resources Company Profile

(Free Report)

Artesian Resources Corporation (NASDAQ: ARTNA) is a publicly traded water and wastewater utility company headquartered in Wilmington, Delaware. The company provides regulated water distribution and wastewater collection services to residential, commercial and industrial customers. Through its operating subsidiaries, Artesian is subject to oversight by public utility commissions in Delaware, Maryland and Pennsylvania, ensuring the delivery of safe, high-quality water in compliance with state and federal standards.

Traced back to its roots as the Artesian Water Company founded in 1905, the organization has expanded its footprint through a combination of organic growth and strategic acquisitions.