Global Water Resources Inc (NASDAQ:GWRS) Director Trevor T. Hill sold 2,814 shares of the company’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $9.80, for a total transaction of $27,577.20. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Global Water Resources Inc (NASDAQ:GWRS) opened at $9.58 on Thursday. The company has a debt-to-equity ratio of 8.55, a quick ratio of 1.21 and a current ratio of 1.21. The company has a market capitalization of $189.05, a PE ratio of 120.38, a price-to-earnings-growth ratio of 7.13 and a beta of 0.19. Global Water Resources Inc has a 52 week low of $7.90 and a 52 week high of $10.00.
The firm also recently announced a monthly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be paid a dividend of $0.0236 per share. This is an increase from Global Water Resources’s previous monthly dividend of $0.02. The ex-dividend date is Thursday, December 14th. This represents a $0.28 annualized dividend and a yield of 2.96%. Global Water Resources’s payout ratio is presently 350.04%.
A number of hedge funds and other institutional investors have recently modified their holdings of GWRS. Vanguard Group Inc. increased its stake in shares of Global Water Resources by 35.4% in the second quarter. Vanguard Group Inc. now owns 340,929 shares of the utilities provider’s stock valued at $3,376,000 after buying an additional 89,201 shares during the period. Northern Trust Corp increased its stake in shares of Global Water Resources by 30.8% in the second quarter. Northern Trust Corp now owns 97,578 shares of the utilities provider’s stock valued at $966,000 after buying an additional 22,960 shares during the period. D.A. Davidson & CO. acquired a new position in shares of Global Water Resources in the third quarter valued at approximately $197,000. HighTower Advisors LLC acquired a new position in shares of Global Water Resources in the first quarter valued at approximately $171,000. Finally, Manchester Capital Management LLC increased its stake in shares of 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 buying an additional 17,400 shares during the period. 16.97% of the stock is owned by hedge funds and other institutional investors.
Several research firms recently weighed in on GWRS. Roth Capital set a $11.00 price objective on shares of Global Water Resources and gave the stock a “buy” rating in a research report on Wednesday, August 9th. Zacks Investment Research cut shares of Global Water Resources from a “hold” rating to a “sell” rating in a research report on Friday, August 11th.
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Global Water Resources Company Profile
Global Water Resources, Inc is a water resource management company. The Company owns, operates and manages water, wastewater and recycled water utilities in strategically located communities, principally in metropolitan Phoenix, Arizona. The Company focuses on the issues of water supply and scarcity, and applies principles of water conservation through water reclamation and reuse.
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