Global Water Resources, Inc. (NASDAQ:GWRS) Shares Bought by Perritt Capital Management Inc

Perritt Capital Management Inc grew its holdings in Global Water Resources, Inc. (NASDAQ:GWRS) by 105.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,000 shares of the utilities provider’s stock after purchasing an additional 18,000 shares during the quarter. Perritt Capital Management Inc owned approximately 0.14% of Global Water Resources worth $402,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Gitterman Wealth Management LLC purchased a new stake in Global Water Resources in the 4th quarter valued at approximately $123,000. JPMorgan Chase & Co. lifted its position in shares of Global Water Resources by 151.9% in the third quarter. JPMorgan Chase & Co. now owns 20,954 shares of the utilities provider’s stock valued at $264,000 after acquiring an additional 12,636 shares in the last quarter. Dynamic Advisor Solutions LLC lifted 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 valued at $321,000 after acquiring an additional 1,677 shares in the last quarter. Avanza Fonder AB acquired a new stake in shares of Global Water Resources during the fourth quarter valued at $327,000. Finally, Wesbanco Bank Inc. purchased a new stake in Global Water Resources during the 4th quarter worth about $356,000. 27.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Global Water Resources news, Director Andrew M. Cohn purchased 252,000 shares of the firm’s stock in a transaction on Thursday, March 27th. The shares were purchased at an average cost of $10.00 per share, with a total value of $2,520,000.00. Following the purchase, the director now owns 2,379,899 shares in the company, valued at approximately $23,798,990. This represents a 11.84 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 54.86% of the company’s stock.

Global Water Resources Price Performance

NASDAQ:GWRS opened at $10.36 on Wednesday. Global Water Resources, Inc. has a 12-month low of $9.79 and a 12-month high of $13.98. The firm has a market cap of $250.98 million, a price-to-earnings ratio of 38.37, a price-to-earnings-growth ratio of 2.53 and a beta of 1.01. The company’s 50-day moving average is $11.28 and its two-hundred day moving average is $12.02. The company has a current ratio of 1.62, a quick ratio of 1.63 and a debt-to-equity ratio of 2.47.

Global Water Resources (NASDAQ:GWRS) last posted its quarterly earnings data on Wednesday, March 5th. The utilities provider reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02). Global Water Resources had a net margin of 12.52% and a return on equity of 14.23%. The firm had revenue of $13.29 million during the quarter, compared to analyst estimates of $12.70 million. Research analysts expect that Global Water Resources, Inc. will post 0.28 EPS for the current year.

Global Water Resources Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be issued a dividend of $0.0253 per share. This represents a $0.30 annualized dividend and a dividend yield of 2.93%. The ex-dividend date of this dividend is Wednesday, April 16th. Global Water Resources’s dividend payout ratio (DPR) is 125.00%.

About Global Water Resources

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.