William S. Levine Buys 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 dated Friday, October 14th. The stock was purchased at an average price of $7.82 per share, with a total value of $78,200.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Global Water Resources Inc. (NASDAQ:GWRS) opened at 7.79 on Wednesday. Global Water Resources Inc. has a 52 week low of $6.23 and a 52 week high of $9.18. The company’s 50-day moving average price is $7.87 and its 200-day moving average price is $7.86. The company has a market capitalization of $149.35 million and a P/E ratio of 8.01.
Global Water Resources (NASDAQ:GWRS) last posted its earnings results on Thursday, August 11th. The company reported ($0.19) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by $0.21.
The firm also recently announced a monthly dividend, which will be paid on Monday, October 31st. Shareholders of record on Monday, October 17th will be issued a dividend of $0.022 per share. The ex-dividend date is Thursday, October 13th. This represents a $0.26 annualized dividend and a yield of 3.39%.
A number of equities research analysts have recently weighed in on the company. Zacks Investment Research upgraded Global Water Resources from a “sell” rating to a “hold” rating in a report on Wednesday, October 12th. Roth Capital reiterated a “buy” rating and issued a $10.50 price target on shares of Global Water Resources in a report on Monday, August 15th.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Schwab Charles Investment Management Inc. acquired a new position in Global Water Resources during the second quarter valued at $132,000. Connors Investor Services Inc. acquired a new position in Global Water Resources during the second quarter valued at $220,000. Spark Investment Management LLC acquired a new position in Global Water Resources during the second quarter valued at $231,000. Royal Bank of Canada acquired a new position in Global Water Resources during the second quarter valued at $244,000. Finally, WFG Advisors LP acquired a new position in Global Water Resources during the second quarter valued at $325,000. Hedge funds and other institutional investors own 14.53% of the company’s stock.
About Global Water Resources
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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