Bard Associates Inc. Has $2.12 Million Stock Position in Global Water Resources, Inc. (NASDAQ:GWRS)

Bard Associates Inc. lessened its stake in Global Water Resources, Inc. (NASDAQ:GWRS) by 1.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 168,634 shares of the utilities provider’s stock after selling 1,618 shares during the quarter. Bard Associates Inc. owned about 0.70% of Global Water Resources worth $2,123,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in GWRS. Commonwealth Equity Services LLC acquired a new stake in Global Water Resources during the 2nd quarter worth $857,000. Vanguard Group Inc. grew its position in shares of Global Water Resources by 1.3% in 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 during the period. Panagora Asset Management Inc. raised 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 buying an additional 8,033 shares during the period. Renaissance Technologies LLC lifted its stake 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 buying an additional 6,000 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC boosted its holdings in shares of Global Water Resources by 4.2% in the third quarter. Dynamic Advisor Solutions LLC now owns 26,268 shares of the utilities provider’s stock valued at $331,000 after buying an additional 1,055 shares during the period. Institutional investors and hedge funds own 27.91% of the company’s stock.

Global Water Resources Trading Down 1.2 %

Shares of NASDAQ:GWRS opened at $12.53 on Friday. The company’s fifty day simple moving average is $12.68 and its 200 day simple moving average is $12.52. Global Water Resources, Inc. has a 12 month low of $11.12 and a 12 month high of $13.98. The firm has a market cap of $303.48 million, a price-to-earnings ratio of 46.41, a PEG ratio of 3.02 and a beta of 0.96. The company has a quick ratio of 1.63, a current ratio of 1.62 and a debt-to-equity ratio of 2.47.

Global Water Resources (NASDAQ:GWRS) last issued its quarterly earnings data on Wednesday, November 6th. The utilities provider reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. The business had revenue of $14.32 million during the quarter, compared to analyst estimates of $14.65 million. Global Water Resources had a net margin of 12.52% and a return on equity of 14.23%. During the same quarter last year, the business earned $0.11 EPS. As a group, research analysts forecast that Global Water Resources, Inc. will post 0.28 EPS for the current fiscal year.

Global Water Resources Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be issued a dividend of $0.025 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $0.30 annualized dividend and a yield of 2.39%. Global Water Resources’s payout ratio is 111.11%.

About Global Water Resources

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.