Global Water Resources, Inc. (GWRS) Rating Increased to Hold at Zacks Investment Research
Global Water Resources, Inc. (NASDAQ:GWRS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.
According to Zacks, “Global Water Resources, Inc. is a water resource management company. It owns and operates regulated water, wastewater and recycled water utilities. Global Water Resources, Inc. is headquartered in Phoenix, Arizona. “
Separately, Roth Capital reaffirmed a “buy” rating on shares of Global Water Resources in a research note on Tuesday, May 31st.
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Global Water Resources (NASDAQ:GWRS) remained flat at $8.02 during trading on Wednesday. 10,148 shares of the company’s stock were exchanged. Global Water Resources has a 12-month low of $6.23 and a 12-month high of $9.18. The firm has a 50-day moving average price of $7.98 and a 200-day moving average price of $7.86. The company has a market cap of $153.76 million and a PE ratio of 8.25.
Global Water Resources (NASDAQ:GWRS) last posted its earnings results on Thursday, August 11th. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of $0.02 by $0.21.
The company also recently declared a monthly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 16th will be paid a dividend of $0.022 per share. This represents a $0.26 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date is Wednesday, September 14th.
In related news, Director William S. Levine acquired 10,000 shares of Global Water Resources stock in a transaction dated Wednesday, September 7th. The stock was acquired at an average cost of $7.93 per share, with a total value of $79,300.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.
Several large investors have recently added to or reduced their stakes in GWRS. Bard Associates Inc. bought a new stake in Global Water Resources during the second quarter valued at $1,492,000. Connors Investor Services Inc. bought a new stake in Global Water Resources during the second quarter valued at $220,000. WFG Advisors LP bought a new stake in Global Water Resources during the second quarter valued at $325,000. Spark Investment Management LLC bought a new stake in Global Water Resources during the second quarter valued at $231,000. Finally, State Street Corp bought a new stake in Global Water Resources during the second quarter valued at $456,000.
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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