Insider Selling: Pure Cycle Co. (NASDAQ:PCYO) Director Sells 20,000 Shares of Stock

Pure Cycle Co. (NASDAQ:PCYO) Director Daniel R. Kozlowski sold 20,000 shares of the stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $13.10, for a total value of $262,000.00. Following the sale, the director now directly owns 2,668,778 shares in the company, valued at $34,960,991.80. This trade represents a 0.74 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Pure Cycle Stock Performance

Pure Cycle stock opened at $14.30 on Tuesday. The firm’s 50 day simple moving average is $11.32 and its 200 day simple moving average is $10.35. The company has a current ratio of 4.05, a quick ratio of 3.66 and a debt-to-equity ratio of 0.05. Pure Cycle Co. has a 1-year low of $8.94 and a 1-year high of $14.62. The firm has a market capitalization of $344.20 million, a PE ratio of 29.79 and a beta of 0.92.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Pure Cycle from a “sell” rating to a “buy” rating in a research report on Monday, November 18th.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Magnolia Group LLC boosted its stake in Pure Cycle by 7.0% during the second quarter. Magnolia Group LLC now owns 2,071,911 shares of the utilities provider’s stock valued at $19,787,000 after buying an additional 135,985 shares during the period. Vanguard Group Inc. boosted its position in shares of Pure Cycle by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 1,058,312 shares of the utilities provider’s stock valued at $10,054,000 after acquiring an additional 22,748 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Pure Cycle by 10.7% during the 3rd quarter. Geode Capital Management LLC now owns 510,549 shares of the utilities provider’s stock valued at $5,500,000 after acquiring an additional 49,272 shares during the last quarter. State Street Corp grew its holdings in shares of Pure Cycle by 2.5% during the third quarter. State Street Corp now owns 412,332 shares of the utilities provider’s stock worth $4,441,000 after purchasing an additional 10,124 shares in the last quarter. Finally, Epiq Partners LLC increased its position in shares of Pure Cycle by 0.6% in the second quarter. Epiq Partners LLC now owns 371,965 shares of the utilities provider’s stock worth $3,552,000 after purchasing an additional 2,350 shares during the last quarter. Institutional investors own 51.39% of the company’s stock.

Pure Cycle Company 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. The company engages in the wholesale water production, storage, treatment, and distribution systems; wastewater collection and treatment systems; development of 930-acre master-planned community; oil and gas leasing business; and construction and leasing of single-family homes.