Global Water Resources Inc (NASDAQ:GWRS) Director Trevor T. Hill sold 3,206 shares of the company’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $9.76, for a total transaction of $31,290.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Global Water Resources Inc (NASDAQ:GWRS) traded up $0.05 on Friday, reaching $9.73. The company had a trading volume of 9,848 shares, compared to its average volume of 19,306. The company has a market capitalization of $190.82, a PE ratio of 121.50, a PEG ratio of 7.20 and a beta of 0.18. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 8.55. Global Water Resources Inc has a 1-year low of $7.90 and a 1-year high of $10.00.

The company also recently announced a monthly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be paid a $0.0236 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date is Thursday, December 14th. This is a boost from Global Water Resources’s previous monthly dividend of $0.02. Global Water Resources’s dividend payout ratio is currently 350.04%.

Several research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Global Water Resources from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a report on Tuesday, November 14th. Roth Capital set a $11.00 price target on shares of Global Water Resources and gave the stock a “buy” rating in a report on Wednesday, August 9th.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GWRS. Bank of America Corp DE increased its stake in Global Water Resources by 7.5% in the first quarter. Bank of America Corp DE now owns 16,708 shares of the utilities provider’s stock valued at $145,000 after acquiring an additional 1,172 shares during the last quarter. Rhumbline Advisers bought a new position in Global Water Resources in the second quarter valued at $101,000. Bank of New York Mellon Corp increased its stake in Global Water Resources by 6.3% in the second quarter. Bank of New York Mellon Corp now owns 155,622 shares of the utilities provider’s stock valued at $1,541,000 after acquiring an additional 9,281 shares during the last quarter. Bard Associates Inc. increased its stake in Global Water Resources by 1.0% in the second quarter. Bard Associates Inc. now owns 203,325 shares of the utilities provider’s stock valued at $2,013,000 after acquiring an additional 2,000 shares during the last quarter. Finally, Teachers Advisors LLC increased its stake in Global Water Resources by 108.4% in the second quarter. Teachers Advisors LLC now owns 18,268 shares of the utilities provider’s stock valued at $181,000 after acquiring an additional 9,504 shares during the last quarter. 16.97% of the stock is currently owned by institutional investors and hedge funds.

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About Global Water Resources

Global Water Resources, Inc is a water resource management company. The Company owns, operates and manages water, wastewater and recycled water utilities in strategically located communities, principally in metropolitan Phoenix, Arizona. The Company focuses on the issues of water supply and scarcity, and applies principles of water conservation through water reclamation and reuse.

Insider Buying and Selling by Quarter for Global Water Resources (NASDAQ:GWRS)

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