In a recent transaction, Vernon L. Bracey, the Vice President of Customer Service at York Water Co (NASDAQ:YORW), purchased additional shares of the company. The transaction, which took place on July 16, 2024, involved Bracey acquiring 25.749 shares at a price of $35.3424 per share, amounting to a total investment of $910.
This purchase increases Bracey's direct holdings in the company to 2,194.122 shares. It is worth noting that these shares include those acquired under The York Water Company (NASDAQ:YORW)'s dividend reinvestment plan, as indicated in a footnote to the filing.
York Water Co, based in York, Pennsylvania, is a utility company specializing in water supply. The business is known for its commitment to providing high-quality water and wastewater services to its customers.
Vernon L. Bracey's recent acquisition of shares is a transaction that existing and potential investors may consider as they evaluate their positions with York Water Co. The company's stock is publicly traded on the NASDAQ exchange under the ticker symbol YORW, where shareholders can follow the performance of their investments.
As of the date of the transaction, the company has not provided any additional comments regarding the purchase. Shareholders and potential investors can access detailed information about York Water Co's financials and stock performance through the company's regular disclosures and public filings.
InvestingPro Insights
The recent share purchase by Vernon L. Bracey, Vice President of Customer Service at York Water Co (NASDAQ:YORW), underscores the confidence insiders have in the company's prospects. To add context to this development, let's delve into some key metrics and tips from InvestingPro that may interest shareholders and potential investors considering York Water Co.
One notable InvestingPro Tip is that York Water Co has maintained its dividend payments for an impressive 51 consecutive years, reflecting a strong commitment to shareholder returns. Additionally, the company boasts a solid gross profit margin, which, according to the last twelve months as of Q1 2024, stands at a robust 75.34%. This margin points to the company's ability to manage its cost of goods sold effectively, thereby retaining a significant portion of its revenue as gross profit.
From the data side, York Water Co's market capitalization is currently at $587.27M, which provides a sense of the company's size and market value. The P/E ratio, a measure of the company's current share price relative to its per-share earnings, is 23.99, and the adjusted P/E ratio for the last twelve months as of Q1 2024 is slightly higher at 24.04. Furthermore, the company has experienced a revenue growth of 19.66% over the last twelve months, a signal of its expanding business activities.
Investors interested in a deeper analysis can find additional InvestingPro Tips at https://www.investing.com/pro/YORW. There are currently six more tips available, which can provide further insights into York Water Co's performance and valuation. For those considering a subscription to InvestingPro, use the coupon code PRONEWS24 to get up to 10% off a yearly Pro and a yearly or biyearly Pro+ subscription, offering even more valuable investment information.
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