York Water Co (YORW) Files Form 4 Insider Buying : Joseph Thomas Hand Buys 174 Shares

York Water Co (YORW): Joseph Thomas Hand , Chief Operating Officer of York Water Co purchased 174 shares on Apr 15, 2016. The Insider buying transaction was reported by the company on Apr 18, 2016 to the Securities and Exchange Commission. The shares were purchased at $28.23 per share for a total value of $4,982.93 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 18, 2016, Vernon L Bracey (Vice President – Customer Svc.) purchased 14 shares at $28.50 per share price.On Apr 18, 2016, Joseph Thomas Hand (Chief Operating Officer) purchased 174 shares at $28.23 per share price.Also, On Apr 15, 2016, Ernest J Waters (director) purchased 3 shares at $28.09 per share price.On Apr 15, 2016, Steven R Rasmussen (director) purchased 25 shares at $29.11 per share price.

York Water Co: On Friday, Apr 15, 2016 heightened volatility was witnessed in York Water Co which led to swings in the share price. The shares opened for trading at $31.07 and hit $32.359 on the upside , eventually ending the session at $32.1, with a gain of 3.35% or 1.04 points. The heightened volatility saw the trading volume jump to 83,101 shares. The 52-week high of the share price is $32.359 and the company has a market cap of $412 M . The 52-week low of the share price is at $19.69.

York Water Co Money Flow Index Chart

Currently the company Insiders own 1.13% of York Water Co shares according to the proxy statements.In the past twelve weeks, the net percent change held by company insiders has changed by 1.53%.Institutional Investors own 29.8% of York Water Co shares.During last six month period, the net percent change held by insiders has seen a change of -0.93%.

The York Water Company is an investor-owned water utility in the United States. The Company impounds purifies and distributes water. The Company owns and operates two wastewater collection and treatment systems. The Company operates within its franchised territory which covers 39 municipalities within York County Pennsylvania and eight municipalities within Adams County Pennsylvania. The Company’s wastewater operations include portions of three municipalities in York County Pennsylvania. It obtains its water supply from both the South Branch and East Branch of the Codorus Creek which together have an average flow of 73 million gallons per day. The Company has two reservoirs Lake Williams and Lake Redman which together hold up to approximately 2.2 billion gallons of water. The Company’s water filtration plant is located in Spring Garden Township about one-half mile south of the City of York.

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