Global Water Resources Inc. (GWRS) Director William S. Levine Buys 10,000 Shares
Global Water Resources Inc. (NASDAQ:GWRS) Director William S. Levine purchased 10,000 shares of the firm’s stock in a transaction on Friday, October 14th. The stock was acquired at an average price of $7.82 per share, for a total transaction of $78,200.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Global Water Resources Inc. (NASDAQ:GWRS) opened at 7.80 on Tuesday. The company has a market capitalization of $149.54 million and a P/E ratio of 8.02. Global Water Resources Inc. has a 12 month low of $6.23 and a 12 month high of $9.18. The stock’s 50 day moving average is $7.88 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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by $0.21.
The business also recently announced a monthly dividend, which will be paid on Monday, October 31st. Shareholders of record on Monday, October 17th will be given a dividend of $0.022 per share. This represents a $0.26 annualized dividend and a yield of 3.38%. The ex-dividend date of this dividend is Thursday, October 13th.
GWRS has been the topic of several recent research reports. Zacks Investment Research upgraded shares of Global Water Resources from a “sell” rating to a “hold” rating in a research report on Wednesday, September 21st. Roth Capital restated a “buy” rating and set a $10.50 price objective on shares of Global Water Resources in a research report on Monday, August 15th.
A number of hedge funds have recently added to or reduced their stakes in GWRS. Schwab Charles Investment Management Inc. bought a new stake in Global Water Resources during the second quarter valued at $132,000. Connors Investor Services Inc. bought a new stake in Global Water Resources during the second quarter valued at $220,000. Spark Investment Management LLC bought a new stake in Global Water Resources during the second quarter valued at $231,000. Royal Bank of Canada bought a new stake in Global Water Resources during the second quarter valued at $244,000. Finally, WFG Advisors LP bought a new stake in Global Water Resources during the second quarter valued at $325,000. 14.53% 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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