Global Water Resources (NASDAQ:GWRS) Director Trevor T. Hill sold 7,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 14th. The stock was sold at an average price of $9.16, for a total transaction of $64,120.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Shares of NASDAQ:GWRS opened at $8.96 on Friday. Global Water Resources has a 52 week low of $8.40 and a 52 week high of $10.00. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 7.70. The company has a market capitalization of $179.04, a price-to-earnings ratio of 74.67, a PEG ratio of 4.34 and a beta of -0.01.
Global Water Resources (NASDAQ:GWRS) last issued its quarterly earnings data on Friday, March 9th. The utilities provider reported $0.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.01. Global Water Resources had a net margin of 14.14% and a return on equity of 14.91%. The company had revenue of $7.80 million during the quarter, compared to the consensus estimate of $7.50 million. research analysts anticipate that Global Water Resources will post 0.14 EPS for the current year.
The business also recently disclosed a monthly dividend, which will be paid on Monday, April 30th. Stockholders of record on Monday, April 16th will be given a dividend of $0.0236 per share. This represents a $0.28 annualized dividend and a dividend yield of 3.16%. The ex-dividend date of this dividend is Friday, April 13th. Global Water Resources’s dividend payout ratio is 233.33%.
Separately, Zacks Investment Research lowered shares of Global Water Resources from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd.
Hedge funds have recently modified their holdings of the company. Handelsbanken Fonder AB grew its position in Global Water Resources by 15.9% in the fourth quarter. Handelsbanken Fonder AB now owns 275,149 shares of the utilities provider’s stock valued at $2,570,000 after purchasing an additional 37,757 shares in the last quarter. Deutsche Bank AG grew its position in Global Water Resources by 27.5% in the fourth quarter. Deutsche Bank AG now owns 63,356 shares of the utilities provider’s stock valued at $590,000 after purchasing an additional 13,649 shares in the last quarter. Renaissance Technologies LLC grew its position in Global Water Resources by 30.9% in the fourth quarter. Renaissance Technologies LLC now owns 132,100 shares of the utilities provider’s stock valued at $1,234,000 after purchasing an additional 31,200 shares in the last quarter. Manchester Capital Management LLC grew its position in Global Water Resources by 35.1% in the third quarter. Manchester Capital Management LLC now owns 66,999 shares of the utilities provider’s stock valued at $631,000 after purchasing an additional 17,400 shares in the last quarter. Finally, D.A. Davidson & CO. bought a new position in Global Water Resources in the third quarter valued at $197,000. 16.85% of the stock is owned by institutional investors.
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Global Water Resources Company Profile
Global Water Resources, Inc, a water resource management company, owns, operates, and manages regulated water, wastewater, and recycled water utilities primarily in metropolitan Phoenix, Arizona. As of December 31, 2017, it served approximately 51,000 people in approximately 20,000 homes. The company was founded in 2003 and is based in Phoenix, Arizona.
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