Handelsbanken Fonder AB Buys 10,000 Shares of Global Water Resources, Inc. (NASDAQ:GWRS)

Handelsbanken Fonder AB grew its stake in Global Water Resources, Inc. (NASDAQ:GWRS) by 0.7% in the fourth quarter, HoldingsChannel reports. The fund owned 1,370,000 shares of the utilities provider’s stock after acquiring an additional 10,000 shares during the period. Handelsbanken Fonder AB owned 0.06% of Global Water Resources worth $15,755,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of GWRS. JPMorgan Chase & Co. raised its stake in shares of Global Water Resources by 151.9% in the third quarter. JPMorgan Chase & Co. now owns 20,954 shares of the utilities provider’s stock worth $264,000 after acquiring an additional 12,636 shares during the last quarter. Dynamic Advisor Solutions LLC raised its stake in shares of Global Water Resources by 6.4% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 27,945 shares of the utilities provider’s stock worth $321,000 after acquiring an additional 1,677 shares during the last quarter. Avanza Fonder AB acquired a new stake in shares of Global Water Resources during the 4th quarter worth approximately $327,000. Wesbanco Bank Inc. acquired a new stake in shares of Global Water Resources during the 4th quarter worth approximately $356,000. Finally, Barclays PLC grew its position in shares of Global Water Resources by 89.3% during the 3rd quarter. Barclays PLC now owns 31,663 shares of the utilities provider’s stock worth $400,000 after buying an additional 14,936 shares during the period. 27.91% of the stock is owned by institutional investors.

Global Water Resources Stock Down 0.5 %

Shares of NASDAQ:GWRS opened at $11.14 on Friday. Global Water Resources, Inc. has a one year low of $11.05 and a one year high of $13.98. The company has a 50 day moving average of $11.62 and a 200-day moving average of $12.26. The company has a debt-to-equity ratio of 2.47, a current ratio of 1.62 and a quick ratio of 1.63. The stock has a market cap of $269.81 million, a price-to-earnings ratio of 41.26, a P/E/G ratio of 2.55 and a beta of 0.99.

Global Water Resources Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a dividend of $0.0253 per share. This represents a $0.30 annualized dividend and a dividend yield of 2.73%. The ex-dividend date is Friday, February 14th. Global Water Resources’s dividend payout ratio is 111.11%.

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.