The VP HR of Middlesex Water Company (NASDAQ: MSEX) is Buying Shares

By Carrie Williams

Today, the VP HR of Middlesex Water Company (MSEXResearch Report), Lorrie Beth Ginegaw, bought shares of MSEX for $41.33K.

Following Lorrie Beth Ginegaw’s last MSEX Buy transaction on July 13, 2020, the stock climbed by 17.1%. Following this transaction Lorrie Beth Ginegaw’s holding in the company was increased by 12.11% to a total of $383K.

See today’s analyst top recommended stocks >>

Based on Middlesex Water Company’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $34.63 million and quarterly net profit of $8.31 million. In comparison, last year the company earned revenue of $32.74 million and had a net profit of $8.07 million. The company has a one-year high of $85.92 and a one-year low of $53.70. Currently, Middlesex Water Company has an average volume of 38.68K.

In the last 30 days, insiders have sold $81.9K worth of MSEX shares and purchased $597.2K worth of MSEX shares. The insider sentiment on Middlesex Water Company has been negative according to 36 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Company insider trades’ information is brought to you by the DailyInsider, a proprietary algorithm that analyzes insider trading activity to detect the most attractive trading opportunities. To subscribe to the DailyInsider visit this page.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Middlesex Water Co. owns and operates regulated water utility and wastewater systems. The firm’s services include water production, treatment, & distribution, full service municipal contract operations, wastewater collection and treatment. It operates through two segments: Regulated and Non-Regulated. The Regulated segment serves residential, commercial, industrial and municipal customers. The Non-Regulated segment engages in business activities with developers, government entities and other customers. The company was founded in 1897 and is headquartered in Iselin, NJ.