William S. Levine Acquires 10,000 Shares of Global Water Resources Inc. (GWRS) Stock
Global Water Resources Inc. (NASDAQ:GWRS) Director William S. Levine purchased 10,000 shares of the stock in a transaction that occurred on Tuesday, October 11th. The stock was purchased at an average price of $7.81 per share, with a total value of $78,100.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Global Water Resources Inc. (NASDAQ:GWRS) opened at 7.72 on Friday. The company has a 50-day moving average of $7.88 and a 200-day moving average of $7.86. The company has a market cap of $148.01 million and a P/E ratio of 7.94. Global Water Resources Inc. has a 52 week low of $6.23 and a 52 week high of $9.18.
Global Water Resources (NASDAQ:GWRS) last released its quarterly earnings data on Thursday, August 11th. The company reported ($0.19) EPS for the quarter, missing the Zacks’ consensus estimate of $0.02 by $0.21.
The company also recently declared a monthly dividend, which will be paid on Monday, October 31st. Stockholders of record on Monday, October 17th will be issued a dividend of $0.022 per share. The ex-dividend date of this dividend is Thursday, October 13th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 3.42%.
A number of brokerages recently issued reports on GWRS. Roth Capital reiterated a “buy” rating on shares of Global Water Resources in a report on Saturday, July 9th. Zacks Investment Research raised shares of Global Water Resources from a “sell” rating to a “hold” rating in a research note on Thursday, August 25th.
Hedge funds have recently made changes to their positions in the company. Royal Bank of Canada purchased a new stake in shares of Global Water Resources during the second quarter worth about $244,000. Schwab Charles Investment Management Inc. purchased a new stake in shares of Global Water Resources during the second quarter worth about $132,000. Diker Management LLC purchased a new stake in shares of Global Water Resources during the second quarter worth about $416,000. State Street Corp purchased a new stake in shares of Global Water Resources during the second quarter worth about $456,000. Finally, Spark Investment Management LLC purchased a new stake in shares of Global Water Resources during the second quarter worth about $231,000. Institutional investors and hedge funds own 14.52% of the company’s stock.
Global Water Resources Company Profile
Global Water Resources, Inc is a water resource management company that provides water, wastewater and recycled water utility services. The Company owns and operates 16 water and wastewater utilities in strategically targeted communities in metropolitan Phoenix, Arizona. It serves more than 60,000 people in approximately 23,000 homes within its 378 square miles of service areas; 206 square miles have been certificated and are serviced by seven regulated operating subsidiaries.
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