Global Water Resources, Inc. (NASDAQ:GWRS – Get Free Report) saw a significant growth in short interest in December. As of December 15th, there was short interest totalling 101,400 shares, a growth of 7.2% from the November 30th total of 94,600 shares. Based on an average trading volume of 25,100 shares, the short-interest ratio is presently 4.0 days. Currently, 0.9% of the company’s stock are sold short.
Institutional Trading of Global Water Resources
Institutional investors have recently made changes to their positions in the business. Dynamic Advisor Solutions LLC grew its position in Global Water Resources by 4.2% in the third quarter. Dynamic Advisor Solutions LLC now owns 26,268 shares of the utilities provider’s stock valued at $331,000 after purchasing an additional 1,055 shares in the last quarter. State Street Corp boosted its stake in shares of Global Water Resources by 0.7% during the 3rd quarter. State Street Corp now owns 220,872 shares of the utilities provider’s stock worth $2,781,000 after buying an additional 1,496 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of Global Water Resources by 2.6% in the 2nd quarter. Renaissance Technologies LLC now owns 240,447 shares of the utilities provider’s stock valued at $2,909,000 after acquiring an additional 6,000 shares in the last quarter. Panagora Asset Management Inc. increased its position in shares of Global Water Resources by 9.1% in the second quarter. Panagora Asset Management Inc. now owns 96,088 shares of the utilities provider’s stock valued at $1,163,000 after acquiring an additional 8,033 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in Global Water Resources by 3.3% during the third quarter. Geode Capital Management LLC now owns 272,509 shares of the utilities provider’s stock worth $3,431,000 after acquiring an additional 8,593 shares in the last quarter. Institutional investors own 27.91% of the company’s stock.
Global Water Resources Stock Up 0.5 %
GWRS stock traded up $0.06 during trading hours on Wednesday, reaching $11.50. 25,649 shares of the stock were exchanged, compared to its average volume of 24,828. The firm’s 50-day moving average is $12.54 and its 200-day moving average is $12.47. Global Water Resources has a 12 month low of $11.24 and a 12 month high of $13.98. The company has a market cap of $278.55 million, a price-to-earnings ratio of 42.59, a PEG ratio of 2.95 and a beta of 0.96. The company has a debt-to-equity ratio of 2.47, a current ratio of 1.62 and a quick ratio of 1.63.
Global Water Resources Dividend Announcement
The firm also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be issued a $0.0253 dividend. The ex-dividend date is Friday, January 17th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.64%. Global Water Resources’s dividend payout ratio (DPR) is presently 111.11%.
Global Water Resources Company Profile
Global Water Resources, Inc, a water resource management company, owns, operates, and manages regulated water, wastewater, and recycled water systems primarily in metropolitan Phoenix and Tucson, Arizona. It serves approximately 82,000 people in approximately 32,000 homes. The company was founded in 2003 and is based in Phoenix, Arizona.
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