Global Water Resources Inc (NASDAQ:GWRS) has earned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.
Analysts have set a 12 month consensus target price of $11.00 for the company and are forecasting that the company will post $0.01 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Global Water Resources an industry rank of 136 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research downgraded shares of Global Water Resources from a “buy” rating to a “hold” rating in a research note on Thursday, December 28th.
Global Water Resources stock traded down $0.11 on Friday, reaching $9.01. 7,176 shares of the company’s stock traded hands, compared to its average volume of 22,201. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 7.70. Global Water Resources has a 12 month low of $8.40 and a 12 month high of $10.00. The stock has a market capitalization of $179.82, a P/E ratio of 40.96, a P/E/G ratio of 4.36 and a beta of 0.14.
The company also recently announced a monthly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 15th will be paid a $0.0236 dividend. The ex-dividend date is Wednesday, March 14th. This represents a $0.28 annualized dividend and a dividend yield of 3.15%. Global Water Resources’s dividend payout ratio (DPR) is presently 127.28%.
In other news, Director Trevor T. Hill sold 5,300 shares of the company’s stock in a transaction on Tuesday, March 20th. The shares were sold at an average price of $9.07, for a total value of $48,071.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Trevor T. Hill sold 3,200 shares of the company’s stock in a transaction on Friday, March 16th. The shares were sold at an average price of $9.16, for a total transaction of $29,312.00. The disclosure for this sale can be found here. Insiders sold 15,500 shares of company stock valued at $141,503 over the last 90 days. Insiders own 49.20% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. Northern Trust Corp boosted 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 purchasing an additional 22,960 shares during the period. Vanguard Group Inc. boosted 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 purchasing an additional 89,201 shares during the period. Manchester Capital Management LLC boosted 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 purchasing an additional 17,400 shares during the period. TIAA CREF Investment Management LLC boosted its stake in shares of Global Water Resources by 10.2% in the second quarter. TIAA CREF Investment Management LLC now owns 27,350 shares of the utilities provider’s stock valued at $271,000 after purchasing an additional 2,522 shares during the period. Finally, New York State Common Retirement Fund boosted its stake in shares of Global Water Resources by 857.5% in the second quarter. New York State Common Retirement Fund now owns 11,500 shares of the utilities provider’s stock valued at $114,000 after purchasing an additional 10,299 shares during the period. Institutional investors and hedge funds own 16.85% of the company’s stock.
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About Global Water Resources
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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