Global Water Resources (NASDAQ:GWRS) COO Acquires $37,022.43 in Stock

Global Water Resources, Inc. (NASDAQ:GWRS) COO Christopher Krygier purchased 5,389 shares of the company’s stock in a transaction on Wednesday, May 20th. The stock was acquired at an average price of $6.87 per share, for a total transaction of $37,022.43. Following the completion of the transaction, the chief operating officer owned 10,485 shares of the company’s stock, valued at $72,031.95. This represents a 105.75% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Global Water Resources Trading Up 2.1%

NASDAQ GWRS traded up $0.15 on Wednesday, hitting $6.95. 81,201 shares of the company were exchanged, compared to its average volume of 76,050. The company’s 50 day moving average price is $7.40 and its 200-day moving average price is $8.33. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.68 and a quick ratio of 0.68. The firm has a market capitalization of $199.77 million, a P/E ratio of 99.21 and a beta of 0.92. Global Water Resources, Inc. has a twelve month low of $6.55 and a twelve month high of $11.17.

Global Water Resources (NASDAQ:GWRS) last issued its earnings results on Wednesday, May 13th. The utilities provider reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01. The company had revenue of $13.29 million for the quarter, compared to the consensus estimate of $14.09 million. Global Water Resources had a return on equity of 3.53% and a net margin of 3.53%. Analysts predict that Global Water Resources, Inc. will post 0.06 earnings per share for the current fiscal year.

Global Water Resources Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 15th will be issued a $0.0253 dividend. The ex-dividend date is Friday, May 15th. This represents a c) dividend on an annualized basis and a yield of 4.4%. Global Water Resources’s dividend payout ratio is currently 428.57%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Allworth Financial LP raised its stake in Global Water Resources by 75,025.0% during the third quarter. Allworth Financial LP now owns 3,005 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 3,001 shares in the last quarter. Russell Investments Group Ltd. raised its stake in Global Water Resources by 152.6% during the third quarter. Russell Investments Group Ltd. now owns 3,461 shares of the utilities provider’s stock worth $36,000 after acquiring an additional 2,091 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in Global Water Resources by 258.9% during the second quarter. Tower Research Capital LLC TRC now owns 3,898 shares of the utilities provider’s stock worth $40,000 after acquiring an additional 2,812 shares in the last quarter. BNP Paribas Financial Markets raised its stake in Global Water Resources by 120.9% during the third quarter. BNP Paribas Financial Markets now owns 4,753 shares of the utilities provider’s stock worth $49,000 after acquiring an additional 2,601 shares in the last quarter. Finally, Bridgeway Capital Management LLC acquired a new position in Global Water Resources during the fourth quarter worth $84,000. 27.91% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Freedom Capital cut Global Water Resources from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 5th. Weiss Ratings cut Global Water Resources from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, February 20th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $15.00.

Global Water Resources Company Profile

Global Water Resources, Inc (NASDAQ:GWRS) is a publicly traded holding company based in Scottsdale, Arizona, specializing in the ownership and management of water and wastewater utilities. The company provides critical potable water delivery, wastewater collection and treatment, and reclaimed water services to residential, commercial and industrial customers across select communities in Central and Southern Arizona.

The company operates multiple regulated utility systems, serving communities such as Anthem, Biltmore, Florence and San Tan Valley.