New Harbor Financial Group Lowers stake in Middlesex Water Company (MSEX)

Middlesex Water Company (MSEX) : New Harbor Financial Group reduced its stake in Middlesex Water Company by 3.91% during the most recent quarter end. The investment management company now holds a total of 27,066 shares of Middlesex Water Company which is valued at $1,122,968 after selling 1,100 shares in Middlesex Water Company , the firm said in a disclosure report filed with the SEC on Jul 19, 2016.Middlesex Water Company makes up approximately 1.54% of New Harbor Financial Group’s portfolio.

Other Hedge Funds, Including , Mitchell Mcleod Pugh Williams Inc boosted its stake in MSEX in the latest quarter, The investment management firm added 650 additional shares and now holds a total of 10,650 shares of Middlesex Water Company which is valued at $440,697. Middlesex Water Company makes up approx 0.33% of Mitchell Mcleod Pugh Williams Inc’s portfolio.Creative Planning boosted its stake in MSEX in the latest quarter, The investment management firm added 741 additional shares and now holds a total of 1,143 shares of Middlesex Water Company which is valued at $47,720.Loring Wolcott Coolidge Fiduciary Advisors Llpma reduced its stake in MSEX by selling 700 shares or 41.18% in the most recent quarter. The Hedge Fund company now holds 1,000 shares of MSEX which is valued at $41,750. Bnp Paribas Arbitrage Sa added MSEX to its portfolio by purchasing 614 company shares during the most recent quarter which is valued at $25,690.

Middlesex Water Company opened for trading at $41.19 and hit $41.63 on the upside on Wednesday, eventually ending the session at $41.49, with a gain of 0.88% or 0.36 points. The heightened volatility saw the trading volume jump to 79,453 shares. Company has a market cap of $674 M.

Middlesex Water Company (Middlesex) 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.

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