Key Points
- GWRS CFO Michael Liebman bought 7,000 shares on May 20 at $6.89 each, a transaction worth $48,230, increasing his direct ownership to 7,000 shares.
- The company recently reported a quarterly loss of $0.01 per share, better than analysts expected, though revenue of $13.29 million came in below consensus.
- Global Water Resources pays a monthly dividend of $0.0253 per share, implying a 4.2% annualized yield, while analysts currently have a consensus rating of Reduce on the stock.
Global Water Resources, Inc. (NASDAQ:GWRS - Get Free Report) CFO Michael Liebman purchased 7,000 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was acquired at an average cost of $6.89 per share, with a total value of $48,230.00. Following the completion of the acquisition, the chief financial officer directly owned 7,000 shares of the company's stock, valued at $48,230. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Global Water Resources Stock Performance
Shares of GWRS opened at $7.22 on Friday. The stock has a 50 day moving average price of $7.36 and a 200 day moving average price of $8.28. 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 company has a market capitalization of $207.65 million, a price-to-earnings ratio of 103.14 and a beta of 0.92. Global Water Resources, Inc. has a 52-week low of $6.55 and a 52-week high of $11.17.
Global Water Resources (NASDAQ:GWRS - Get Free Report) last announced its quarterly earnings results on Wednesday, May 13th. The utilities provider reported ($0.01) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.02) by $0.01. The firm had revenue of $13.29 million during the quarter, compared to the consensus estimate of $14.09 million. Global Water Resources had a return on equity of 3.53% and a net margin of 3.53%. Research analysts predict that Global Water Resources, Inc. will post 0.08 EPS for the current fiscal year.
Global Water Resources Dividend Announcement
The firm also recently declared a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 15th will be issued a $0.0253 dividend. This represents a c) dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend is Friday, May 15th. Global Water Resources's dividend payout ratio is 428.57%.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on GWRS shares. Freedom Capital downgraded Global Water Resources from a "strong-buy" rating to a "hold" rating in a report on Thursday, March 5th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Global Water Resources in a report on Wednesday. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Global Water Resources currently has a consensus rating of "Reduce" and an average target price of $15.00.
View Our Latest Analysis on GWRS
Institutional Investors Weigh In On Global Water Resources
Several large investors have recently modified their holdings of GWRS. TSP Capital Management Group LLC boosted its holdings in shares of Global Water Resources by 134.9% in the fourth quarter. TSP Capital Management Group LLC now owns 757,706 shares of the utilities provider's stock valued at $6,403,000 after acquiring an additional 435,129 shares during the period. Heartland Advisors Inc. boosted its holdings in shares of Global Water Resources by 52.6% in the fourth quarter. Heartland Advisors Inc. now owns 686,500 shares of the utilities provider's stock valued at $5,801,000 after acquiring an additional 236,500 shares during the period. North Star Investment Management Corp. boosted its holdings in shares of Global Water Resources by 36.5% in the first quarter. North Star Investment Management Corp. now owns 415,448 shares of the utilities provider's stock valued at $3,153,000 after acquiring an additional 111,000 shares during the period. Marshall Wace LLP acquired a new stake in shares of Global Water Resources in the fourth quarter valued at approximately $609,000. Finally, Penn Capital Management Company LLC boosted its holdings in shares of Global Water Resources by 37.7% in the third quarter. Penn Capital Management Company LLC now owns 177,978 shares of the utilities provider's stock valued at $1,833,000 after acquiring an additional 48,739 shares during the period. 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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
