Key Points
- Global Water Resources COO Christopher Krygier bought 5,389 shares at $6.87 each, spending $37,022.43 and boosting his ownership by 105.75% to 10,485 shares.
- The company recently reported quarterly earnings of -$0.01 per share, beating estimates, though revenue of $13.29 million came in below expectations.
- Global Water Resources announced a monthly dividend of $0.0253 per share, implying an annualized yield of 4.4%, while analysts currently rate the stock Reduce on average.
Global Water Resources, Inc. (NASDAQ:GWRS - Get Free Report) COO Christopher Krygier bought 5,389 shares of the firm's stock in a transaction on Wednesday, May 20th. The shares were purchased at an average cost of $6.87 per share, with a total value of $37,022.43. Following the completion of the transaction, the chief operating officer owned 10,485 shares in the company, valued at $72,031.95. This represents a 105.75% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Global Water Resources Trading Up 2.5%
Shares of NASDAQ GWRS opened at $6.97 on Thursday. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.59. The business has a fifty day simple moving average of $7.38 and a two-hundred day simple moving average of $8.31. The firm has a market cap of $200.46 million, a PE ratio of 99.57 and a beta of 0.92. Global Water Resources, Inc. has a twelve month low of $6.55 and a twelve month high of $11.17.
Global Water Resources (NASDAQ:GWRS - Get Free Report) last issued its earnings results on Wednesday, May 13th. The utilities provider reported ($0.01) earnings per share for the quarter, beating analysts' consensus estimates of ($0.02) by $0.01. The business had revenue of $13.29 million during the quarter, compared to analyst estimates of $14.09 million. Global Water Resources had a return on equity of 3.53% and a net margin of 3.53%. Analysts expect 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 announced a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be given a dividend of $0.0253 per share. 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 428.57%.
Wall Street Analyst Weigh In
Several research analysts have recently commented on GWRS shares. Weiss Ratings lowered Global Water Resources from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Friday, February 20th. Freedom Capital lowered Global Water Resources from a "strong-buy" rating to a "hold" rating in a research report on Thursday, March 5th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Reduce" and an average target price of $15.00.
Get Our Latest Stock Analysis on Global Water Resources
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the business. TSP Capital Management Group LLC grew its stake in Global Water Resources by 134.9% during the 4th quarter. TSP Capital Management Group LLC now owns 757,706 shares of the utilities provider's stock valued at $6,403,000 after purchasing an additional 435,129 shares during the last quarter. North Star Investment Management Corp. grew its stake in Global Water Resources by 36.5% during the 1st quarter. North Star Investment Management Corp. now owns 415,448 shares of the utilities provider's stock valued at $3,153,000 after purchasing an additional 111,000 shares during the last quarter. Perigon Wealth Management LLC purchased a new stake in Global Water Resources during the 4th quarter valued at about $162,000. JPMorgan Chase & Co. grew its stake in Global Water Resources by 28.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 25,879 shares of the utilities provider's stock valued at $267,000 after purchasing an additional 5,698 shares during the last quarter. Finally, Allworth Financial LP grew its stake 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 purchasing an additional 3,001 shares during the last quarter. 27.91% of the stock is owned by institutional investors and hedge funds.
About Global Water Resources
(
Get Free Report)
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.
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