Global Water Resources Inc. (NASDAQ:GWRS) Director William S. Levine acquired 10,000 shares of the company’s stock in a transaction on Tuesday, October 11th. The shares were bought at an average price of $7.81 per share, for a total transaction of $78,100.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Shares of Global Water Resources Inc. (NASDAQ:GWRS) opened at 7.78 on Thursday. The company has a 50-day moving average price of $7.89 and a 200-day moving average price of $7.86. Global Water Resources Inc. has a 52-week low of $6.23 and a 52-week high of $9.18. The company has a market cap of $149.16 million and a P/E ratio of 8.00.

Global Water Resources (NASDAQ:GWRS) last posted its earnings results on Thursday, August 11th. The company reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by $0.21.

The company also recently announced a monthly dividend, which will be paid on Monday, October 31st. Shareholders 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 yield of 3.39%. The ex-dividend date is Thursday, October 13th.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Bard Associates Inc. purchased a new position in Global Water Resources during the second quarter worth $1,492,000. State Street Corp bought a new position in Global Water Resources during the second quarter valued at approximately $456,000. Diker Management LLC bought a new position in Global Water Resources during the second quarter valued at approximately $416,000. WFG Advisors LP bought a new position in Global Water Resources during the second quarter valued at approximately $325,000. Finally, Royal Bank of Canada bought a new position in Global Water Resources during the second quarter valued at approximately $244,000. 14.52% of the stock is currently owned by institutional investors.

A number of research firms have recently commented on GWRS. Zacks Investment Research upgraded Global Water Resources from a “sell” rating to a “hold” rating in a research note on Wednesday. Roth Capital reaffirmed a “buy” rating and set a $10.50 target price on shares of Global Water Resources in a report on Monday, August 15th.

About Global Water Resources

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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