Claret Asset Management Corp Reduces Holdings in Global Water Resources, Inc. (NASDAQ:GWRS)

Claret Asset Management Corp lowered its position in Global Water Resources, Inc. (NASDAQ:GWRS) by 1.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 250,324 shares of the utilities provider’s stock after selling 3,493 shares during the quarter. Claret Asset Management Corp owned about 1.03% of Global Water Resources worth $2,879,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in GWRS. Gitterman Wealth Management LLC bought a new position in Global Water Resources in the 4th quarter worth about $123,000. JPMorgan Chase & Co. grew its stake in Global Water Resources by 151.9% in the third quarter. JPMorgan Chase & Co. now owns 20,954 shares of the utilities provider’s stock worth $264,000 after purchasing an additional 12,636 shares in the last quarter. Dynamic Advisor Solutions LLC increased its holdings in Global Water Resources by 6.4% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 27,945 shares of the utilities provider’s stock worth $321,000 after purchasing an additional 1,677 shares during the period. Avanza Fonder AB bought a new stake in Global Water Resources during the 4th quarter valued at $327,000. Finally, Wesbanco Bank Inc. purchased a new stake in shares of Global Water Resources in the 4th quarter worth $356,000. Institutional investors own 27.91% of the company’s stock.

Global Water Resources Stock Up 0.7 %

NASDAQ:GWRS opened at $10.17 on Friday. The company has a debt-to-equity ratio of 2.47, a current ratio of 1.62 and a quick ratio of 1.63. Global Water Resources, Inc. has a 1-year low of $9.37 and a 1-year high of $13.98. The company has a 50-day moving average of $10.82 and a 200 day moving average of $11.76. The firm has a market cap of $274.85 million, a PE ratio of 37.67, a price-to-earnings-growth ratio of 2.53 and a beta of 1.01.

Global Water Resources (NASDAQ:GWRS) last issued 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 return on equity of 14.23% and a net margin of 12.52%. The company had revenue of $13.29 million for the quarter, compared to analysts’ expectations of $12.70 million. As a group, research analysts anticipate that Global Water Resources, Inc. will post 0.28 EPS for the current fiscal year.

Global Water Resources Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be paid a $0.0253 dividend. This represents a $0.30 annualized dividend and a dividend yield of 2.99%. The ex-dividend date is Wednesday, April 16th. Global Water Resources’s payout ratio is 125.00%.

Insider Buying and Selling

In related news, Director Andrew M. Cohn bought 252,000 shares of the stock in a transaction dated Thursday, March 27th. The shares were purchased at an average price of $10.00 per share, for a total transaction of $2,520,000.00. Following the completion of the purchase, the director now directly owns 2,379,899 shares of the company’s stock, valued at $23,798,990. This represents a 11.84 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 54.30% of the company’s stock.

Global Water Resources 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.