Global Water Resources, Inc. (NASDAQ:GWRS) Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB lowered its stake in shares of Global Water Resources, Inc. (NASDAQ:GWRS) by 4.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,350,000 shares of the utilities provider’s stock after selling 60,000 shares during the quarter. Handelsbanken Fonder AB owned 0.06% of Global Water Resources worth $17,658,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of GWRS. North Star Investment Management Corp. boosted its position in Global Water Resources by 23.5% in the fourth quarter. North Star Investment Management Corp. now owns 202,793 shares of the utilities provider’s stock valued at $2,653,000 after buying an additional 38,558 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in Global Water Resources in the fourth quarter valued at approximately $423,000. Panagora Asset Management Inc. boosted its position in Global Water Resources by 36.1% in the third quarter. Panagora Asset Management Inc. now owns 80,150 shares of the utilities provider’s stock valued at $781,000 after buying an additional 21,276 shares during the last quarter. CWM LLC boosted its position in Global Water Resources by 107,860.0% in the third quarter. CWM LLC now owns 10,796 shares of the utilities provider’s stock valued at $105,000 after buying an additional 10,786 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC boosted its position in Global Water Resources by 5.8% in the third quarter. Dynamic Advisor Solutions LLC now owns 25,548 shares of the utilities provider’s stock valued at $249,000 after buying an additional 1,395 shares during the last quarter. Institutional investors and hedge funds own 27.91% of the company’s stock.

Global Water Resources Price Performance

Shares of NASDAQ GWRS opened at $12.20 on Tuesday. The business’s 50 day moving average price is $12.57 and its 200 day moving average price is $12.03. The firm has a market cap of $294.87 million, a P/E ratio of 36.97, a P/E/G ratio of 2.68 and a beta of 0.97. Global Water Resources, Inc. has a 52 week low of $9.34 and a 52 week high of $13.43. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 2.16.

Global Water Resources (NASDAQ:GWRS) last released its quarterly earnings data on Wednesday, March 6th. The utilities provider reported $0.07 EPS for the quarter, topping the consensus estimate of $0.05 by $0.02. Global Water Resources had a return on equity of 13.64% and a net margin of 15.05%. The business had revenue of $12.37 million for the quarter, compared to analyst estimates of $12.00 million. During the same quarter in the prior year, the firm posted $0.04 EPS. On average, sell-side analysts expect that Global Water Resources, Inc. will post 0.31 earnings per share for the current year.

Global Water Resources Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 16th will be given a $0.025 dividend. The ex-dividend date of this dividend is Monday, April 15th. This represents a $0.30 annualized dividend and a yield of 2.46%. Global Water Resources’s dividend payout ratio is presently 90.91%.

Global Water Resources Company Profile

Global Water Resources, Inc, a water resource management company, owns, operates, and manages regulated water, wastewater, and recycled water systems primarily in metropolitan Phoenix and Tucson, Arizona. It serves approximately 82,000 people in approximately 32,000 homes. The company was founded in 2003 and is based in Phoenix, Arizona.