Avanza Fonder AB Has $225,000 Stock Position in Global Water Resources, Inc. $GWRS

Avanza Fonder AB trimmed its holdings in shares of Global Water Resources, Inc. (NASDAQ:GWRS) by 18.4% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 22,102 shares of the utilities provider’s stock after selling 5,000 shares during the period. Avanza Fonder AB’s holdings in Global Water Resources were worth $225,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Jane Street Group LLC acquired a new position in Global Water Resources during the first quarter valued at $109,000. Blair William & Co. IL acquired a new position in Global Water Resources in the 1st quarter worth about $113,000. Deutsche Bank AG increased its position in Global Water Resources by 4,273.8% in the 4th quarter. Deutsche Bank AG now owns 15,002 shares of the utilities provider’s stock worth $173,000 after purchasing an additional 14,659 shares during the last quarter. Rhumbline Advisers increased its position in Global Water Resources by 12.0% in the 1st quarter. Rhumbline Advisers now owns 17,595 shares of the utilities provider’s stock worth $181,000 after purchasing an additional 1,884 shares during the last quarter. Finally, Strs Ohio acquired a new position in Global Water Resources in the 1st quarter worth about $191,000. 27.91% of the stock is owned by institutional investors and hedge funds.

Global Water Resources Stock Performance

Shares of NASDAQ GWRS opened at $10.16 on Tuesday. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.09 and a current ratio of 1.09. The firm has a market cap of $279.10 million, a price-to-earnings ratio of 46.18 and a beta of 1.04. The business’s 50-day simple moving average is $9.87 and its 200-day simple moving average is $10.22. Global Water Resources, Inc. has a 52 week low of $9.27 and a 52 week high of $13.98.

Global Water Resources (NASDAQ:GWRS) last issued its quarterly earnings data on Wednesday, August 13th. The utilities provider reported $0.06 EPS for the quarter, meeting analysts’ consensus estimates of $0.06. The business had revenue of $14.24 million for the quarter, compared to analyst estimates of $14.20 million. Global Water Resources had a return on equity of 9.67% and a net margin of 10.27%. As a group, equities research analysts expect that Global Water Resources, Inc. will post 0.28 earnings per share for the current fiscal year.

Global Water Resources Announces Dividend

The business also recently disclosed a sep 25 dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be issued a dividend of $0.0253 per share. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a dividend yield of 312.0%. Global Water Resources’s dividend payout ratio is currently 136.36%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised Global Water Resources from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th.

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.