Global Water Resources Inc. (NASDAQ:GWRS) Director William S. Levine acquired 10,000 shares of Global Water Resources stock in a transaction on Friday, October 14th. The shares were bought at an average price of $7.82 per share, with a total value of $78,200.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Global Water Resources Inc. (NASDAQ:GWRS) opened at 7.80 on Tuesday. The stock has a 50 day moving average of $7.88 and a 200-day moving average of $7.86. Global Water Resources Inc. has a 12 month low of $6.23 and a 12 month high of $9.18. The firm has a market capitalization of $149.54 million and a PE ratio of 8.02.
Global Water Resources (NASDAQ:GWRS) last announced its earnings results on Thursday, August 11th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by $0.21.
The company also recently disclosed a monthly dividend, which will be paid on Monday, October 31st. Investors of record on Monday, October 17th will be given a $0.022 dividend. The ex-dividend date is Thursday, October 13th. This represents a $0.26 dividend on an annualized basis and a yield of 3.38%.
A number of institutional investors have recently bought and sold shares of GWRS. Bard Associates Inc. purchased a new position in Global Water Resources during the second quarter worth $1,492,000. Connors Investor Services Inc. purchased a new position in Global Water Resources during the second quarter worth $220,000. WFG Advisors LP purchased a new position in Global Water Resources during the second quarter worth $325,000. Spark Investment Management LLC purchased a new position in Global Water Resources during the second quarter worth $231,000. Finally, State Street Corp purchased a new position in Global Water Resources during the second quarter worth $456,000. Hedge funds and other institutional investors own 14.53% of the company’s stock.
A number of equities research analysts have recently commented on GWRS shares. Zacks Investment Research upgraded shares of Global Water Resources from a “sell” rating to a “hold” rating in a research report on Wednesday, September 21st. Roth Capital reiterated a “buy” rating and issued a $10.50 target price on shares of Global Water Resources in a research report on Monday, August 15th.
About Global Water Resources
Global Water Resources, Inc is a water resource management company that provides water, wastewater and recycled water utility services. The Company owns and operates 16 water and wastewater utilities in strategically targeted communities in metropolitan Phoenix, Arizona. It serves more than 60,000 people in approximately 23,000 homes within its 378 square miles of service areas; 206 square miles have been certificated and are serviced by seven regulated operating subsidiaries.
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