Global Water Resources Inc. (GWRS) Director Purchases $78,200.00 in Stock
Global Water Resources Inc. (NASDAQ:GWRS) Director William S. Levine purchased 10,000 shares of the business’s stock in a transaction dated Friday, October 14th. The shares were purchased at an average cost of $7.82 per share, with a total value of $78,200.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Shares of Global Water Resources Inc. (NASDAQ:GWRS) traded down 0.51% during mid-day trading on Monday, hitting $7.80. 44,203 shares of the stock were exchanged. The stock has a market capitalization of $149.54 million and a price-to-earnings ratio of 8.02. Global Water Resources Inc. has a 52 week low of $6.23 and a 52 week high of $9.18. The stock’s 50-day moving average is $7.88 and its 200-day moving average is $7.86.
Global Water Resources (NASDAQ:GWRS) last released its quarterly earnings results on Thursday, August 11th. The company reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by $0.21.
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The business also recently disclosed a monthly dividend, which will be paid on Monday, October 31st. Investors of record on Monday, October 17th will be issued a dividend of $0.022 per share. The ex-dividend date is Thursday, October 13th. This represents a $0.26 dividend on an annualized basis and a yield of 3.37%.
A number of hedge funds have recently bought and sold shares of GWRS. Financial & Investment Management Group Ltd. bought a new stake in Global Water Resources during the third quarter worth about $2,995,000. Bard Associates Inc. bought a new stake in Global Water Resources during the second quarter worth about $1,492,000. State Street Corp bought a new stake in Global Water Resources during the second quarter worth about $456,000. Diker Management LLC bought a new stake in Global Water Resources during the second quarter worth about $416,000. Finally, WFG Advisors LP bought a new stake in Global Water Resources during the second quarter worth about $325,000. Institutional investors and hedge funds own 14.53% of the company’s stock.
A number of analysts have recently weighed in on GWRS shares. Roth Capital reaffirmed a “buy” rating on shares of Global Water Resources in a report on Saturday, July 9th. Zacks Investment Research raised shares of Global Water Resources from a “hold” rating to a “buy” rating and set a $9.25 price target for the company in a report on Tuesday, August 2nd.
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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