SJW Corp. (NYSE:SJW), saw a top tier insider execute a transaction that resulted in the rise of their positioning within the company. Director Walter J. Bishop acquired 900 shares of common stock at an average price of $26.66 per share; following this move, Bishop holds 3,941 shares directly, while having 1,286 shares invested indirectly. As well, a $544.87 million market cap company, SJW Corp. (NYSE:SJW)  is a holding company that, through its subsidiaries, operates as a public utility in the business of providing water service to approximately 227,000 connections that serve a population of approximately one million people in an area comprising approximately 138 square miles in the metropolitan San Jose, California area.
The two biggest hedge funds involved with the company are Royce & Associates and Gamco Investors. The former, is run by billionaire Chuck Royce, and holds 400,400 shares worth about $10.9 million; while the latter is the hedge fund run by billionaire Mario Gabelli, and holds 421,695 shares worth approximately $11.5 million.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.
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