Insider Buying: Global Water Resources (NASDAQ:GWRS) COO Acquires $37,022.43 in Stock

Global Water Resources, Inc. (NASDAQ:GWRS) COO Christopher Krygier acquired 5,389 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The shares were bought at an average price of $6.87 per share, with a total value of $37,022.43. Following the completion of the purchase, the chief operating officer directly owned 10,485 shares in the company, valued at $72,031.95. The trade was a 105.75% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Global Water Resources Trading Up 3.3%

Shares of NASDAQ GWRS opened at $7.22 on Friday. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.68 and a quick ratio of 0.68. The stock has a market capitalization of $207.65 million, a P/E ratio of 103.14 and a beta of 0.92. Global Water Resources, Inc. has a 1-year low of $6.55 and a 1-year high of $11.17. The business has a fifty day moving average price of $7.36 and a 200 day moving average price of $8.28.

Global Water Resources (NASDAQ:GWRS) last issued its quarterly earnings data on Wednesday, May 13th. The utilities provider reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. The firm had revenue of $13.29 million during the quarter, compared to analysts’ expectations of $14.09 million. Global Water Resources had a return on equity of 3.53% and a net margin of 3.53%. Equities research analysts expect that Global Water Resources, Inc. will post 0.08 EPS for the current fiscal year.

Global Water Resources Dividend Announcement

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Allworth Financial LP increased its position in Global Water Resources by 75,025.0% during the 3rd quarter. Allworth Financial LP now owns 3,005 shares of the utilities provider’s stock valued at $31,000 after buying an additional 3,001 shares in the last quarter. Russell Investments Group Ltd. increased its position in Global Water Resources by 152.6% during the 3rd 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 in the last quarter. Tower Research Capital LLC TRC increased its position in Global Water Resources by 258.9% during the 2nd 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 in the last quarter. BNP Paribas Financial Markets increased its position in Global Water Resources by 120.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 4,753 shares of the utilities provider’s stock valued at $49,000 after buying an additional 2,601 shares in the last quarter. Finally, Bridgeway Capital Management LLC acquired a new position in Global Water Resources during the 4th quarter valued at about $84,000. 27.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

GWRS has been the subject of a number of analyst reports. Weiss Ratings restated a “sell (d+)” rating on shares of Global Water Resources in a research note on Wednesday. Freedom Capital lowered Global Water Resources from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 5th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target 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.