Dalton Greiner Hartman Maher & Co. Makes New $640,000 Investment in Pure Cycle Co. (NASDAQ:PCYO)

Dalton Greiner Hartman Maher & Co. bought a new position in shares of Pure Cycle Co. (NASDAQ:PCYO) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 62,238 shares of the utilities provider’s stock, valued at approximately $640,000. Dalton Greiner Hartman Maher & Co. owned approximately 0.26% of Pure Cycle at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of PCYO. Perritt Capital Management Inc. acquired a new position in Pure Cycle during the second quarter worth about $127,000. Bremer Bank National Association grew its holdings in shares of Pure Cycle by 28.0% during the third quarter. Bremer Bank National Association now owns 14,180 shares of the utilities provider’s stock worth $146,000 after purchasing an additional 3,105 shares during the last quarter. Beddow Capital Management Inc. bought a new stake in shares of Pure Cycle during the second quarter worth about $159,000. Wall Street Access Asset Management LLC bought a new stake in shares of Pure Cycle during the second quarter worth about $167,000. Finally, Redhawk Wealth Advisors Inc. grew its holdings in shares of Pure Cycle by 94.2% during the third quarter. Redhawk Wealth Advisors Inc. now owns 29,869 shares of the utilities provider’s stock worth $307,000 after purchasing an additional 14,489 shares during the last quarter. 65.67% of the stock is owned by hedge funds and other institutional investors.

In other news, major shareholder Par Investment Partners Lp sold 2,950,000 shares of the business’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $9.75, for a total transaction of $28,762,500.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 5.03% of the company’s stock.

Several research firms have recently weighed in on PCYO. ValuEngine cut Pure Cycle from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 2nd. BidaskClub upgraded Pure Cycle from a “sell” rating to a “hold” rating in a report on Wednesday.

NASDAQ:PCYO opened at $10.90 on Friday. The stock has a market cap of $262.51 million, a P/E ratio of 116.56 and a beta of 0.55. The stock’s 50-day moving average is $10.63 and its 200-day moving average is $10.35. Pure Cycle Co. has a 1-year low of $8.35 and a 1-year high of $11.45.

Pure Cycle Profile

Pure Cycle Corporation designs, constructs, operates, and maintains water and wastewater systems in the Denver metropolitan area and Colorado Front Range in the United States. It operates in two segments, Wholesale Water and Wastewater Services, and Land Development Activities. The company offers utility services, including water production, storage, treatment, wastewater collection and treatment, irrigation water treatment and transmission, construction management, billing and collection, and emergency response services, as well as bulk transmission services to retail distribution systems.

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Institutional Ownership by Quarter for Pure Cycle (NASDAQ:PCYO)

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