10 Small–Cap Stocks Insiders Are Buying Recently

4. The York Water Company (NASDAQ:YORW)

Number of Insiders Buying: 7

Market Capitalization: $444.407 million

Over the past three months, seven insiders, including the President and CEO, and CFO purchased around $15,300 worth of the York Water Company shares at an average price of $32.35 per share. The York Water Company’s shares are now trading at $31.72 having lost 3.07% year-to-date. Over the last 12 months, the shares declined 10.54% hitting the lowest price of $30.03 in January.

Five insiders used this January drop to acquire shares at a price of $31.25, while the two that bought the shares in November and December had to pay $35.66 and $34.60, respectively. This could suggest that the management is confident in the company’s future results, and that it just used the drop in the price to acquire more shares.

York Water Company, which provides high-quality water and wastewater services to customers in Pennsylvania, has a history spanning over 200 years. It was founded in 1816 by a group of local businessmen wanting to do something about fire protection. Over the last 15 years, York Water Company shares gained 139.83%.

In December, The York Water Company closed on the acquisition of two water systems, one in York and the other in Adams County, and it also bought the water distribution system at the Brookhaven Mobile Home Community in Hallam Township, York County.

In January, the company’s management declared a quarterly dividend of $0.2192 per share. This was the company’s 617th consecutive dividend to be paid. The company touted it has never missed a dividend in over 209 years, and that this is believed to be the longest record of consecutive dividends in America.