Global Water Resources, Inc. (NASDAQ:GWRS) Short Interest Up 23.9% in June

Global Water Resources, Inc. (NASDAQ:GWRS) was the recipient of a significant increase in short interest during the month of June. As of June 15th, there was short interest totalling 86,600 shares, an increase of 23.9% from the May 31st total of 69,900 shares. Currently, 0.8% of the shares of the company are short sold. Based on an average trading volume of 21,100 shares, the days-to-cover ratio is currently 4.1 days.

Hedge Funds Weigh In On Global Water Resources

A number of large investors have recently made changes to their positions in the stock. DekaBank Deutsche Girozentrale bought a new position in Global Water Resources in the 4th quarter worth about $423,000. Manchester Capital Management LLC increased its holdings in Global Water Resources by 70.7% during the 4th quarter. Manchester Capital Management LLC now owns 49,093 shares of the utilities provider’s stock worth $642,000 after acquiring an additional 20,325 shares during the period. North Star Investment Management Corp. lifted its stake in Global Water Resources by 23.5% in the 4th quarter. North Star Investment Management Corp. now owns 202,793 shares of the utilities provider’s stock worth $2,653,000 after purchasing an additional 38,558 shares in the last quarter. CWM LLC boosted its holdings in Global Water Resources by 18.2% in the 4th quarter. CWM LLC now owns 12,766 shares of the utilities provider’s stock valued at $167,000 after purchasing an additional 1,970 shares during the period. Finally, Vanguard Group Inc. grew its position in shares of Global Water Resources by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 678,279 shares of the utilities provider’s stock valued at $8,709,000 after purchasing an additional 8,960 shares in the last quarter. 27.91% of the stock is owned by institutional investors.

Global Water Resources Stock Performance

Shares of NASDAQ:GWRS traded down $0.06 during mid-day trading on Tuesday, reaching $12.08. The company had a trading volume of 29,098 shares, compared to its average volume of 23,810. The company’s 50-day moving average price is $12.48 and its 200-day moving average price is $12.54. Global Water Resources has a one year low of $9.34 and a one year high of $13.43. The firm has a market cap of $292.09 million, a price-to-earnings ratio of 46.69, a PEG ratio of 2.83 and a beta of 0.98. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 2.56.

Global Water Resources (NASDAQ:GWRS) last announced its quarterly earnings data on Wednesday, May 8th. The utilities provider reported $0.03 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.03. Global Water Resources had a return on equity of 13.32% and a net margin of 12.05%. The business had revenue of $11.61 million for the quarter, compared to analysts’ expectations of $11.50 million. As a group, equities research analysts anticipate that Global Water Resources will post 0.28 EPS for the current fiscal year.

Global Water Resources Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 17th will be given a dividend of $0.025 per share. The ex-dividend date of this dividend is Wednesday, July 17th. This represents a $0.30 annualized dividend and a dividend yield of 2.48%. Global Water Resources’s dividend payout ratio is currently 115.39%.

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.