Global Water Resources, Inc. (NASDAQ:GWRS) Director Andrew M. Cohn Acquires 252,000 Shares

Global Water Resources, Inc. (NASDAQ:GWRS) Director Andrew M. Cohn purchased 252,000 shares of the firm’s stock in a transaction on Thursday, March 27th. The stock was acquired at an average cost of $10.00 per share, with a total value of $2,520,000.00. Following the transaction, the director now directly owns 2,379,899 shares in the company, valued at $23,798,990. This trade represents a 11.84 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

Global Water Resources Stock Up 0.3 %

Shares of NASDAQ GWRS traded up $0.03 during mid-day trading on Monday, hitting $10.31. The company had a trading volume of 73,923 shares, compared to its average volume of 26,686. The company has a market capitalization of $249.77 million, a PE ratio of 38.19, a price-to-earnings-growth ratio of 2.53 and a beta of 1.01. The business’s 50-day simple moving average is $11.34 and its 200 day simple moving average is $12.06. Global Water Resources, Inc. has a 1-year low of $9.79 and a 1-year high of $13.98. The company has a debt-to-equity ratio of 2.47, a current ratio of 1.62 and a quick ratio of 1.63.

Global Water Resources (NASDAQ:GWRS) last posted its quarterly earnings results on Wednesday, March 5th. The utilities provider reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02). Global Water Resources had a net margin of 12.52% and a return on equity of 14.23%. The company had revenue of $13.29 million during the quarter, compared to analyst estimates of $12.70 million. On average, analysts predict that Global Water Resources, Inc. will post 0.28 earnings per share for the current year.

Global Water Resources Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a $0.0253 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.30 dividend on an annualized basis and a yield of 2.95%. Global Water Resources’s dividend payout ratio is currently 125.00%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in GWRS. Wesbanco Bank Inc. purchased a new stake in shares of Global Water Resources during the 4th quarter worth $356,000. Barclays PLC raised its stake in Global Water Resources by 89.3% in the third quarter. Barclays PLC now owns 31,663 shares of the utilities provider’s stock valued at $400,000 after buying an additional 14,936 shares in the last quarter. State Street Corp lifted its holdings in Global Water Resources by 0.7% during the 3rd quarter. State Street Corp now owns 220,872 shares of the utilities provider’s stock worth $2,781,000 after buying an additional 1,496 shares during the last quarter. Avanza Fonder AB acquired a new position in shares of Global Water Resources during the 4th quarter worth about $327,000. Finally, Geode Capital Management LLC increased its holdings in shares of Global Water Resources by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 272,509 shares of the utilities provider’s stock valued at $3,431,000 after acquiring an additional 8,593 shares during the last quarter. Institutional investors and hedge funds own 27.91% of the company’s stock.

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.