Global Water Resources Inc. (NASDAQ:GWRS) announced a monthly dividend on Friday, September 30th. Shareholders of record on Monday, October 17th will be paid a dividend of 0.022 per share on Monday, October 31st. This represents a $0.26 annualized dividend and a yield of 3.39%. The ex-dividend date is Thursday, October 13th.
Shares of Global Water Resources (NASDAQ:GWRS) opened at 7.79 on Wednesday. Global Water Resources has a 52 week low of $6.23 and a 52 week high of $9.18. The firm has a market cap of $149.35 million and a PE ratio of 8.01. The firm’s 50-day moving average is $7.91 and its 200 day moving average is $7.86.
Global Water Resources (NASDAQ:GWRS) last issued its quarterly earnings data on Thursday, August 11th. The company reported ($0.19) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.02 by $0.21.
In other news, Director William S. Levine acquired 10,917 shares of Global Water Resources stock in a transaction on Friday, September 30th. The stock was bought at an average price of $7.82 per share, for a total transaction of $85,370.94. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William S. Levine acquired 10,000 shares of Global Water Resources stock in a transaction on Wednesday, September 7th. The stock was purchased at an average price of $7.93 per share, with a total value of $79,300.00. The disclosure for this purchase can be found here.
A number of large investors have recently modified their holdings of GWRS. Spark Investment Management LLC purchased a new stake in shares of Global Water Resources during the second quarter worth $231,000. WFG Advisors LP purchased a new stake in shares of Global Water Resources during the second quarter worth $325,000. Finally, State Street Corp purchased a new stake in shares of Global Water Resources during the second quarter worth $456,000. Institutional investors own 14.52% of the company’s stock.
A number of brokerages have weighed in on GWRS. Roth Capital reiterated a “buy” rating and issued a $10.50 price objective on shares of Global Water Resources in a research note on Monday, August 15th. Zacks Investment Research upgraded Global Water Resources from a “sell” rating to a “hold” rating in a research note on Monday, September 12th.
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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