Global Water Resources (NASDAQ:GWRS) COO Christopher Krygier Acquires 5,389 Shares

Global Water Resources, Inc. (NASDAQ:GWRS) COO Christopher Krygier acquired 5,389 shares of Global Water Resources stock in a transaction on Wednesday, May 20th. The stock was purchased at an average cost of $6.87 per share, for a total transaction of $37,022.43. Following the purchase, the chief operating officer owned 10,485 shares in the company, valued at approximately $72,031.95. The trade was a 105.75% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Global Water Resources Stock Performance

NASDAQ:GWRS opened at $6.97 on Thursday. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.68 and a quick ratio of 0.68. Global Water Resources, Inc. has a 1 year low of $6.55 and a 1 year high of $11.17. The stock’s 50 day simple moving average is $7.38 and its two-hundred day simple moving average is $8.31. The company has a market cap of $200.46 million, a price-to-earnings ratio of 99.57 and a beta of 0.92.

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

Global Water Resources Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be paid a $0.0253 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a c) dividend on an annualized basis and a yield of 4.4%. Global Water Resources’s payout ratio is presently 428.57%.

Hedge Funds Weigh In On Global Water Resources

Large investors have recently bought and sold shares of the business. Allworth Financial LP boosted its holdings 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 acquiring an additional 3,001 shares during the period. Russell Investments Group Ltd. boosted its holdings 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 acquiring an additional 2,091 shares during the period. Tower Research Capital LLC TRC boosted its holdings 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 acquiring an additional 2,812 shares during the period. BNP Paribas Financial Markets boosted its holdings 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 acquiring an additional 2,601 shares during the period. Finally, Bridgeway Capital Management LLC purchased a new position in Global Water Resources during the 4th quarter valued at $84,000. Hedge funds and other institutional investors own 27.91% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on GWRS shares. Weiss Ratings cut Global Water Resources from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, February 20th. Freedom Capital cut Global Water Resources from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 5th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Global Water Resources presently 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.