What Did This CEO Just Do with Personal Shares of Middlesex Water Company (MSEX)?

Today, the President & CEO of Middlesex Water Company (MSEX), Dennis Doll, sold shares of MSEX for $198.8K.

Following Dennis Doll’s last MSEX Sell transaction on September 23, 2014, the stock climbed by 31.8%. This is Doll’s first Sell trade following 3 Buy transactions.

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Based on Middlesex Water Company’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $38.71 million and quarterly net profit of $12.29 million. In comparison, last year the company earned revenue of $36.17 million and had a net profit of $7.64 million. MSEX’s market cap is $815.3M and the company has a P/E ratio of 26.88. Currently, Middlesex Water Company has an average volume of 19.1K.

The insider sentiment on Middlesex Water Company has been negative according to 35 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Dennis Doll’s trades have generated a 13.6% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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Middlesex Water Co. owns and operates regulated water utility and wastewater systems. It operates through two segments: Regulated and Non-Regulated. The Regulated segment serves residential, commercial, industrial and municipal customers. The Non-Regulated segment engages in business activities with developers, government entities and other customers.