Global Water Resources Inc. (GWRS) Director Acquires $76,800.00 in Stock
Global Water Resources Inc. (NASDAQ:GWRS) Director William S. Levine acquired 10,000 shares of the business’s stock in a transaction that occurred on Friday, November 4th. The shares were purchased at an average price of $7.68 per share, with a total value of $76,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Global Water Resources Inc. (NASDAQ:GWRS) opened at 7.82 on Thursday. The firm’s 50-day moving average is $7.80 and its 200 day moving average is $7.85. The firm has a market capitalization of $149.93 million and a P/E ratio of 8.05. Global Water Resources Inc. has a 52-week low of $6.23 and a 52-week high of $9.18.
The company also recently declared a monthly dividend, which will be paid on Wednesday, November 30th. Stockholders of record on Wednesday, November 16th will be issued a $0.022 dividend. This represents a $0.26 annualized dividend and a dividend yield of 3.38%. The ex-dividend date of this dividend is Monday, November 14th.
Institutional investors have recently made changes to their positions in the stock. BlackRock Institutional Trust Company N.A. raised its position in shares of Global Water Resources by 1.9% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 42,900 shares of the company’s stock valued at $344,000 after buying an additional 781 shares during the period. Financial & Investment Management Group Ltd. purchased a new position in shares of Global Water Resources during the third quarter valued at about $2,995,000. Royal Bank of Canada purchased a new position in shares of Global Water Resources during the second quarter valued at about $244,000. Schwab Charles Investment Management Inc. purchased a new position in shares of Global Water Resources during the second quarter valued at about $132,000. Finally, Diker Management LLC purchased a new position in shares of Global Water Resources during the second quarter valued at about $416,000. 16.42% of the stock is owned by institutional investors.
GWRS has been the subject of several recent research reports. Zacks Investment Research lowered Global Water Resources from a “buy” rating to a “hold” rating in a report on Wednesday, August 10th. Roth Capital reissued a “buy” rating and set a $10.50 target price on shares of Global Water Resources in a research report on Monday, August 15th.
Global Water Resources Company Profile
Global Water Resources, Inc is a water resource management company. The Company owns, operates and manages water, wastewater and recycled water utilities in strategically located communities, principally in metropolitan Phoenix, Arizona. The Company focuses on the issues of water supply and scarcity, and applies principles of water conservation through water reclamation and reuse.
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