Gitterman Wealth Management LLC Invests $123,000 in Global Water Resources, Inc. (NASDAQ:GWRS)

Gitterman Wealth Management LLC acquired a new position in shares of Global Water Resources, Inc. (NASDAQ:GWRS) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 10,718 shares of the utilities provider’s stock, valued at approximately $123,000.

Several other large investors have also modified their holdings of GWRS. JPMorgan Chase & Co. boosted its stake in shares of Global Water Resources by 151.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 20,954 shares of the utilities provider’s stock worth $264,000 after acquiring an additional 12,636 shares in the last quarter. Dynamic Advisor Solutions LLC boosted its position in shares of Global Water Resources by 6.4% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 27,945 shares of the utilities provider’s stock worth $321,000 after buying an additional 1,677 shares during the period. Avanza Fonder AB acquired a new stake in shares of Global Water Resources in the fourth quarter worth $327,000. Wesbanco Bank Inc. acquired a new stake in shares of Global Water Resources in the fourth quarter worth $356,000. Finally, Barclays PLC boosted its position in shares of Global Water Resources by 89.3% in the third quarter. Barclays PLC now owns 31,663 shares of the utilities provider’s stock worth $400,000 after buying an additional 14,936 shares during the period. 27.91% of the stock is owned by institutional investors.

Global Water Resources Stock Performance

Shares of Global Water Resources stock opened at $11.30 on Friday. The stock has a market cap of $273.75 million, a PE ratio of 41.85, a price-to-earnings-growth ratio of 2.53 and a beta of 1.01. The business has a fifty day simple moving average of $11.52 and a 200-day simple moving average of $12.19. The company has a quick ratio of 1.63, a current ratio of 1.62 and a debt-to-equity ratio of 2.47. Global Water Resources, Inc. has a 12 month low of $11.05 and a 12 month high of $13.98.

Global Water Resources (NASDAQ:GWRS) last issued its earnings results on Wednesday, March 5th. The utilities provider reported $0.04 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.02). Global Water Resources had a return on equity of 14.23% and a net margin of 12.52%. The business had revenue of $13.29 million during the quarter, compared to analyst estimates of $12.70 million. On average, sell-side analysts anticipate that Global Water Resources, Inc. will post 0.28 EPS for the current fiscal year.

Global Water Resources Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a dividend of $0.0253 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.30 annualized dividend and a dividend yield of 2.69%. Global Water Resources’s dividend payout ratio is 125.00%.

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.