DekaBank Deutsche Girozentrale Makes New $423,000 Investment in Global Water Resources, Inc. (NASDAQ:GWRS)

DekaBank Deutsche Girozentrale acquired a new position in shares of Global Water Resources, Inc. (NASDAQ:GWRS) in the 4th quarter, Holdings Channel.com reports. The firm acquired 32,500 shares of the utilities provider’s stock, valued at approximately $423,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. North Star Investment Management Corp. grew its position in shares of Global Water Resources by 23.5% during the 4th quarter. North Star Investment Management Corp. now owns 202,793 shares of the utilities provider’s stock worth $2,653,000 after buying an additional 38,558 shares during the period. Vanguard Group Inc. grew its position in shares of Global Water Resources by 2.1% during the 3rd quarter. Vanguard Group Inc. now owns 656,744 shares of the utilities provider’s stock worth $6,403,000 after buying an additional 13,311 shares during the period. Ameriprise Financial Inc. grew its position in shares of Global Water Resources by 52.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 20,754 shares of the utilities provider’s stock worth $202,000 after buying an additional 7,115 shares during the period. Invesco Ltd. grew its position in shares of Global Water Resources by 64.0% during the 3rd quarter. Invesco Ltd. now owns 54,138 shares of the utilities provider’s stock worth $528,000 after buying an additional 21,132 shares during the period. Finally, Panagora Asset Management Inc. grew its position in shares of Global Water Resources by 36.1% during the 3rd quarter. Panagora Asset Management Inc. now owns 80,150 shares of the utilities provider’s stock worth $781,000 after buying an additional 21,276 shares during the period. 27.91% of the stock is owned by institutional investors.

Global Water Resources Trading Down 1.6 %

Shares of NASDAQ:GWRS opened at $12.01 on Tuesday. The firm has a market cap of $290.34 million, a price-to-earnings ratio of 36.39, a PEG ratio of 2.62 and a beta of 0.97. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 2.16. Global Water Resources, Inc. has a 12 month low of $9.34 and a 12 month high of $13.43. The company’s fifty day simple moving average is $12.61 and its 200 day simple moving average is $11.94.

Global Water Resources (NASDAQ:GWRS) last issued its quarterly earnings results on Wednesday, March 6th. The utilities provider reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.02. The company had revenue of $12.37 million during the quarter, compared to analysts’ expectations of $12.00 million. Global Water Resources had a net margin of 15.05% and a return on equity of 13.64%. During the same period last year, the business earned $0.04 EPS. As a group, research analysts forecast that Global Water Resources, Inc. will post 0.31 EPS for the current fiscal year.

Global Water Resources Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 16th will be given a $0.025 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date is Monday, April 15th. Global Water Resources’s dividend payout ratio (DPR) is currently 90.91%.

Global Water Resources Company Profile

Global Water Resources, Inc, a water resource management company, owns, operates, and manages regulated water, wastewater, and recycled water systems primarily in metropolitan Phoenix and Tucson, Arizona. It serves approximately 82,000 people in approximately 32,000 homes. The company was founded in 2003 and is based in Phoenix, Arizona.