Assetmark reduced its stake in shares of Middlesex Water Company (NASDAQ:MSEX) by 67.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The hedge fund owned 11,491 shares of the company’s stock after selling 24,062 shares during the period. Assetmark owned approximately 0.07% of Middlesex Water Company worth $274,000 at the end of the most recent reporting period.

Separately, EQIS Capital Management acquired a new position in Middlesex Water Company during the fourth quarter worth approximately $338,000.

Middlesex Water Company (NASDAQ:MSEX) traded up 3.78% during trading on Thursday, reaching $27.48. 22,765 shares of the company were exchanged. The firm’s 50 day moving average price is $26.23 and its 200-day moving average price is $24.54. The stock has a market capitalization of $445.48 million and a price-to-earnings ratio of 23.33. Middlesex Water Company has a one year low of $21.24 and a one year high of $28.02.

Middlesex Water Company (NASDAQ:MSEX) is a water utility company. The Company owns and operates regulated water utility and wastewater systems in New Jersey, Delaware and Pennsylvania. Middlesex also operates water and wastewater systems under contract on behalf of municipal and private clients in New Jersey and Delaware. The Company operates in two segments: Regulated and Non-Regulated. The Regulated segment consists of collecting, treating and distributing water on a retail and wholesale basis to residential, commercial, industrial and fire protection customers in parts of New Jersey, Delaware and Pennsylvania. This segment also includes regulated wastewater systems in New Jersey and Delaware. The Non-Regulated segment consists of non-regulated contract services for the operation and maintenance of municipal and private water and wastewater systems in New Jersey and Delaware.

12 Month Chart for NASDAQ:MSEX

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