Christopher D. Krygier Purchases 1,258 Shares of Global Water Resources, Inc. (NASDAQ:GWRS) Stock

Global Water Resources, Inc. (NASDAQ:GWRS) COO Christopher D. Krygier purchased 1,258 shares of Global Water Resources stock in a transaction that occurred on Monday, August 19th. The shares were bought at an average cost of $11.92 per share, for a total transaction of $14,995.36. Following the completion of the transaction, the chief operating officer now directly owns 5,096 shares in the company, valued at approximately $60,744.32. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Global Water Resources Stock Down 2.1 %

Shares of GWRS traded down $0.25 during mid-day trading on Tuesday, reaching $11.93. 6,886 shares of the stock traded hands, compared to its average volume of 23,971. The stock has a fifty day simple moving average of $12.30 and a 200 day simple moving average of $12.48. Global Water Resources, Inc. has a 12-month low of $9.34 and a 12-month high of $13.42. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 2.56. The firm has a market cap of $288.42 million, a price-to-earnings ratio of 46.85, a P/E/G ratio of 3.00 and a beta of 0.98.

Global Water Resources (NASDAQ:GWRS) last released its quarterly earnings results on Wednesday, August 7th. The utilities provider reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.01). Global Water Resources had a return on equity of 13.32% and a net margin of 12.05%. The firm had revenue of $13.51 million for the quarter, compared to analysts’ expectations of $13.60 million. During the same period last year, the firm earned $0.07 EPS. Sell-side analysts expect that Global Water Resources, Inc. will post 0.28 EPS for the current fiscal year.

Global Water Resources Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, August 16th will be paid a $0.025 dividend. This represents a $0.30 annualized dividend and a dividend yield of 2.51%. The ex-dividend date of this dividend is Friday, August 16th. Global Water Resources’s dividend payout ratio (DPR) is 115.38%.

Institutional Investors Weigh In On Global Water Resources

A number of hedge funds have recently bought and sold shares of GWRS. Vanguard Group Inc. boosted its stake 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 buying an additional 8,960 shares during the last quarter. Renaissance Technologies LLC raised its holdings in Global Water Resources by 2.6% in the second quarter. Renaissance Technologies LLC now owns 240,447 shares of the utilities provider’s stock valued at $2,909,000 after acquiring an additional 6,000 shares in the last quarter. North Star Investment Management Corp. boosted its stake in Global Water Resources by 15.8% during the 1st quarter. North Star Investment Management Corp. now owns 234,893 shares of the utilities provider’s stock valued at $3,016,000 after acquiring an additional 32,100 shares during the last quarter. Panagora Asset Management Inc. grew its holdings in Global Water Resources by 9.1% during the 2nd quarter. Panagora Asset Management Inc. now owns 96,088 shares of the utilities provider’s stock worth $1,163,000 after acquiring an additional 8,033 shares in the last quarter. Finally, Commonwealth Equity Services LLC bought a new stake in shares of Global Water Resources in the 2nd quarter worth about $857,000. Institutional investors and hedge funds own 27.91% of the company’s stock.

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.