Global Water Resources Inc. (NASDAQ:GWRS) Director William S. Levine acquired 10,000 shares of Global Water Resources stock in a transaction on Tuesday, October 11th. The shares were purchased at an average price of $7.81 per share, for a total transaction of $78,100.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Shares of Global Water Resources Inc. (NASDAQ:GWRS) opened at 7.79 on Wednesday. Global Water Resources Inc. has a 1-year low of $6.23 and a 1-year high of $9.18. The firm has a market capitalization of $149.35 million and a P/E ratio of 8.01. The stock has a 50 day moving average of $7.91 and a 200-day moving average of $7.86.
Global Water Resources (NASDAQ:GWRS) last issued its quarterly earnings results 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.
The business also recently declared a monthly dividend, which will be paid on Monday, October 31st. Investors of record on Monday, October 17th will be issued a $0.022 dividend. This represents a $0.26 dividend on an annualized basis and a dividend yield of 3.39%. The ex-dividend date of this dividend is Thursday, October 13th.
GWRS has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Global Water Resources from a “sell” rating to a “hold” rating in a research note on Wednesday, September 21st. Roth Capital reiterated a “buy” rating and set a $10.50 price objective on shares of Global Water Resources in a research note on Monday, August 15th.
Several institutional investors have recently modified their holdings of GWRS. Royal Bank of Canada bought a new position in shares of Global Water Resources during the second quarter worth $244,000. Schwab Charles Investment Management Inc. bought a new position in shares of Global Water Resources during the second quarter worth $132,000. Diker Management LLC bought a new position in shares of Global Water Resources during the second quarter worth $416,000. State Street Corp bought a new position in shares of Global Water Resources during the second quarter worth $456,000. Finally, Spark Investment Management LLC bought a new position in shares of Global Water Resources during the second quarter worth $231,000. 14.52% of the stock is currently owned by institutional investors.
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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