An Insider Bruce Oconnor Sold 1100 shares of Middlesex Water Company (NASDAQ:MSEX)

Bruce Oconnor Insider Sell

In a legal report filed with the Washington-based SEC, it was revealed that the Vice President & CFO of Middlesex Water Co Bruce Oconnor, an insider in spotlight, made a trade for 1,100 shares of the New Jersey-based Middlesex Water Co, worth near $34,277 U.S Dollars using an average market price per share of $31.2 U.S Dollars. Bruce is trying to decrease his company’s share, same as he did in the last 30 days. He unloaded another 1,633 shares worth $50,890 USD. Bruce Oconnor presently holds shares or 0.0000% of Middlesex Water Co’s market cap.

The institutional sentiment decreased to 1.1 in Q3 2015. Its down 0.19, from 1.29 in 2015Q2. The ratio dropped, as 7 funds sold all Middlesex Water Company shares owned while 33 reduced positions. 15 funds bought stakes while 29 increased positions. They now own 5.95 million shares or 6.69% less from 6.37 million shares in 2015Q2.

Tsp Capital Management Group Llc holds 3.8% of its portfolio in Middlesex Water Company for 284,064 shares. Water Asset Management Llc owns 268,267 shares or 3.66% of their US portfolio. Moreover, Cutter & Co Brokerage Inc. has 1.56% invested in the company for 126,576 shares. The Massachusetts-based New Harbor Financial Group Llc has invested 1.02% in the stock. Wfg Advisors Lp, a Texas-based fund reported 118,005 shares.

About 57,643 shares traded hands. Middlesex Water Company (NASDAQ:MSEX) has risen 37.61% since August 31, 2015 and is uptrending. It has outperformed by 32.82% the S&P500.

Middlesex Water Company is a water utility company. The company has a market cap of $518.46 million. The Firm owns and operates regulated water utility and wastewater systems in New Jersey, Delaware and Pennsylvania. It has 26.02 P/E ratio. Middlesex also operates water and wastewater systems under contract on behalf of municipal and private clients in New Jersey and Delaware.

According to Zacks Investment Research, “Middlesex Water Company treats, stores and distributes water for residential, commercial, industrial and fire prevention purposes.”

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