In a recent transaction, Matthew E. Poff, the Chief Financial Officer of York Water Co (NASDAQ:YORW), acquired shares of the company's common stock. The transaction involved a purchase of 3.782 shares at a price of $34.3805 per share, totaling approximately $130.
This acquisition is part of the company's ongoing operations and reflects the CFO's investment in the firm. Following this transaction, Poff's direct ownership in York Water Co has increased, with the total number of shares owned now standing at 5,639.505. It is noted that these figures include shares acquired under The York Water Company (NASDAQ:YORW) dividend reinvestment plan.
Investors often monitor insider transactions such as these as they can provide insights into executives' confidence in the company's future performance. The transaction was officially filed on April 17, 2024, and pertains to activities conducted on April 16, 2024.
York Water Co, based in York, Pennsylvania, operates within the water supply sector and is known for its commitment to providing high-quality water services to its customers. The company's stock is traded on the NASDAQ stock exchange under the ticker symbol YORW.
InvestingPro Insights
Following the recent insider transaction by York Water Co's CFO, Matthew E. Poff, the company's commitment to growth and stability is further underscored by its impressive track record of dividend reliability. York Water Co has not only maintained dividend payments for a remarkable 51 consecutive years, but it has also raised its dividend for 27 consecutive years, reflecting a strong financial discipline and a shareholder-friendly approach.
InvestingPro Tips highlight the company's robust gross profit margins, which stand at an impressive 75.56% for the last twelve months as of Q4 2023. This is a testament to York Water Co's operational efficiency and its ability to maintain profitability. However, potential investors should note that the company's short-term obligations currently exceed its liquid assets, which could be a point of consideration when evaluating the company's financial health.
From a valuation perspective, York Water Co is trading near its 52-week low, with a price of $33.33 at the previous close. The company's market capitalization stands at approximately $482.35 million, and it has a Price/Earnings (P/E) ratio of 20.13, reflecting the earnings over the last twelve months as of Q4 2023. York Water Co's revenue growth over the same period was 18.26%, indicating a solid trajectory in financial performance.
For those looking to delve deeper into York Water Co's financials and future prospects, InvestingPro provides an array of additional tips, with a total of 7 insightful metrics available at InvestingPro. To access these insights and more, readers can use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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