New York State Common Retirement Fund grew its holdings in shares of Global Water Resources Inc (NASDAQ:GWRS) by 93.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 5,799 shares of the utilities provider’s stock after buying an additional 2,800 shares during the quarter. New York State Common Retirement Fund’s holdings in Global Water Resources were worth $59,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Rhumbline Advisers acquired a new position in Global Water Resources during the fourth quarter worth about $135,000. Handelsinvest Investeringsforvaltning acquired a new position in Global Water Resources during the fourth quarter worth about $446,000. Penn Capital Management Co. Inc. acquired a new position in Global Water Resources during the third quarter worth about $652,000. Renaissance Technologies LLC grew its holdings in Global Water Resources by 15.5% during the third quarter. Renaissance Technologies LLC now owns 174,147 shares of the utilities provider’s stock worth $1,844,000 after acquiring an additional 23,347 shares during the period. Finally, Cumberland Partners Ltd grew its holdings in Global Water Resources by 20.0% during the third quarter. Cumberland Partners Ltd now owns 270,000 shares of the utilities provider’s stock worth $2,853,000 after acquiring an additional 45,000 shares during the period. 29.23% of the stock is currently owned by institutional investors.

NASDAQ:GWRS opened at $9.64 on Wednesday. The stock has a market cap of $207.40 million, a P/E ratio of 64.27, a PEG ratio of 5.05 and a beta of -0.22. Global Water Resources Inc has a 52-week low of $8.63 and a 52-week high of $11.61. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 4.11.

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 16th will be issued a dividend of $0.0239 per share. This represents a $0.29 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date is Monday, April 15th. Global Water Resources’s payout ratio is currently 193.33%.

In related news, Director Debra Coy purchased 2,600 shares of the firm’s stock in a transaction that occurred on Friday, March 29th. The stock was acquired at an average price of $9.90 per share, for a total transaction of $25,740.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Cindy M. Bowers sold 9,426 shares of the stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $9.50, for a total value of $89,547.00. The disclosure for this sale can be found here. Company insiders own 45.70% of the company’s stock.

Separately, Zacks Investment Research raised Global Water Resources from a “sell” rating to a “hold” rating in a report on Wednesday, December 12th.

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Global Water Resources Company Profile

Global Water Resources, Inc, a water resource management company, owns, operates, and manages regulated water, wastewater, and recycled water utilities primarily in metropolitan Phoenix, Arizona. As of December 31, 2018, it served approximately 55,000 people in 21,000 homes. The company was founded in 2003 and is based in Phoenix, Arizona.

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Institutional Ownership by Quarter for Global Water Resources (NASDAQ:GWRS)

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