March 5 was a big day for California Water Service Group (
) with 19 upper management and directors buying a total of over
690,000 shares. The total value of this insider cluster amounts
The day started off with CEO and Chairman Peter Nelson buying
12,504 shares of CWT for a total transaction amount of $257,832.
Following suit, President and COO Martin Kropelnicki bought 7,753
shares. The day progressed with 17 other directors and vice
presidents buying shares of California Water.
With a market cap of $877.5 million, California Water is based
out of San Jose, Calif., and currently maintains six subsidiaries
that provide water and wastewater utility services to over 2
million people throughout California, Washington, New Mexico and
Hawaii. The company is currently 1 of 11 investor-owned water
utilities corporations in the U.S., and is also the third
Every March for the past three years has been marked by an
insider cluster buy for California Water corporate governance.
This trade is the fourth buy for Nelson. As of March 5, he holds
219,672 shares. Nelson has served in various roles within
California Water. He also serves as a director of the California
Chamber of Commerce and chair of the Water Resources Committee.
This also marks Kropelnicki's fourth buy in to California Water.
He now owns 47,988 shares of CWT.
California Water Service Group reported the total revenue for
2012 increased $58.2 million from 2011. The company also reported
that its net income for 2012 was $48.8 million which demonstrated
a 29.5% increase from the previous year.
currently owns 117,092 shares of CWT.
For more information on the insider trades in California Water
Service Group look at the
Insider Trade History
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