Global Water Resources (NASDAQ:GWRS) CFO Buys $48,230.00 in Stock

Global Water Resources, Inc. (NASDAQ:GWRS) CFO Michael Liebman acquired 7,000 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was purchased at an average price of $6.89 per share, for a total transaction of $48,230.00. Following the transaction, the chief financial officer directly owned 7,000 shares of the company’s stock, valued at approximately $48,230. This trade represents a ? increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Global Water Resources Trading Up 3.3%

Shares of GWRS traded up $0.23 during mid-day trading on Friday, hitting $7.22. 147,215 shares of the company’s stock traded hands, compared to its average volume of 78,558. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.59. Global Water Resources, Inc. has a 1 year low of $6.55 and a 1 year high of $11.17. The firm has a market capitalization of $207.65 million, a P/E ratio of 103.14 and a beta of 0.92. The business’s 50-day moving average price is $7.37 and its 200-day moving average price is $8.28.

Global Water Resources (NASDAQ:GWRS) last posted its earnings results on Wednesday, May 13th. The utilities provider reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.01. Global Water Resources had a return on equity of 3.53% and a net margin of 3.53%.The firm had revenue of $13.29 million for the quarter, compared to analysts’ expectations of $14.09 million. As a group, sell-side analysts forecast that Global Water Resources, Inc. will post 0.08 EPS for the current fiscal year.

Global Water Resources Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be paid a dividend of $0.0253 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a c) annualized dividend and a dividend yield of 4.2%. Global Water Resources’s payout ratio is 428.57%.

Institutional Trading of Global Water Resources

A number of institutional investors and hedge funds have recently bought and sold shares of the company. TSP Capital Management Group LLC boosted its position in shares of Global Water Resources by 134.9% during the fourth quarter. TSP Capital Management Group LLC now owns 757,706 shares of the utilities provider’s stock valued at $6,403,000 after buying an additional 435,129 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Global Water Resources by 258.9% during the second quarter. Tower Research Capital LLC TRC now owns 3,898 shares of the utilities provider’s stock valued at $40,000 after buying an additional 2,812 shares during the last quarter. Russell Investments Group Ltd. boosted its position in shares of Global Water Resources by 152.6% during the third quarter. Russell Investments Group Ltd. now owns 3,461 shares of the utilities provider’s stock valued at $36,000 after buying an additional 2,091 shares during the last quarter. Heartland Advisors Inc. boosted its position in shares of Global Water Resources by 21.1% during the first quarter. Heartland Advisors Inc. now owns 831,100 shares of the utilities provider’s stock valued at $6,308,000 after buying an additional 144,600 shares during the last quarter. Finally, North Star Investment Management Corp. boosted its position in shares of Global Water Resources by 36.5% during the first quarter. North Star Investment Management Corp. now owns 415,448 shares of the utilities provider’s stock valued at $3,153,000 after buying an additional 111,000 shares during the last quarter. 27.91% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Freedom Capital cut shares of Global Water Resources from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 5th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Global Water Resources in a research report on Wednesday. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Global Water Resources currently has an average rating of “Reduce” and a consensus target price of $15.00.

Global Water Resources Company Profile

Global Water Resources, Inc (NASDAQ:GWRS) is a publicly traded holding company based in Scottsdale, Arizona, specializing in the ownership and management of water and wastewater utilities. The company provides critical potable water delivery, wastewater collection and treatment, and reclaimed water services to residential, commercial and industrial customers across select communities in Central and Southern Arizona.

The company operates multiple regulated utility systems, serving communities such as Anthem, Biltmore, Florence and San Tan Valley.