Barclays PLC Has $384,000 Stock Holdings in Global Water Resources, Inc. (NASDAQ:GWRS)

Barclays PLC raised its stake in Global Water Resources, Inc. (NASDAQ:GWRS) by 5.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,347 shares of the utilities provider’s stock after acquiring an additional 1,684 shares during the period. Barclays PLC owned approximately 0.14% of Global Water Resources worth $384,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Handelsbanken Fonder AB lifted its stake in shares of Global Water Resources by 0.7% in the 4th quarter. Handelsbanken Fonder AB now owns 1,370,000 shares of the utilities provider’s stock valued at $15,755,000 after acquiring an additional 10,000 shares during the last quarter. Renaissance Technologies LLC raised its stake in Global Water Resources by 2.9% during the 4th quarter. Renaissance Technologies LLC now owns 256,552 shares of the utilities provider’s stock worth $2,950,000 after buying an additional 7,186 shares during the period. Wells Fargo & Company MN lifted its stake in shares of Global Water Resources by 0.5% in the fourth quarter. Wells Fargo & Company MN now owns 211,216 shares of the utilities provider’s stock valued at $2,429,000 after buying an additional 1,130 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Global Water Resources by 110.3% during the fourth quarter. JPMorgan Chase & Co. now owns 44,067 shares of the utilities provider’s stock valued at $507,000 after buying an additional 23,113 shares during the last quarter. Finally, Perritt Capital Management Inc grew its position in Global Water Resources by 105.9% in the 4th quarter. Perritt Capital Management Inc now owns 35,000 shares of the utilities provider’s stock worth $402,000 after purchasing an additional 18,000 shares in the last quarter. 27.91% of the stock is owned by institutional investors.

Global Water Resources Stock Performance

Shares of Global Water Resources stock opened at $10.43 on Friday. The stock has a fifty day moving average price of $10.53 and a 200-day moving average price of $11.53. The company has a debt-to-equity ratio of 2.47, a current ratio of 1.62 and a quick ratio of 1.63. Global Water Resources, Inc. has a 1 year low of $9.37 and a 1 year high of $13.98. The firm has a market cap of $281.88 million, a PE ratio of 38.63, a P/E/G ratio of 2.53 and a beta of 1.06.

Global Water Resources (NASDAQ:GWRS) last posted its quarterly earnings results on Wednesday, March 5th. The utilities provider reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02). The company had revenue of $13.29 million during the quarter, compared to the consensus estimate of $12.70 million. Global Water Resources had a return on equity of 14.23% and a net margin of 12.52%. Equities research analysts anticipate that Global Water Resources, Inc. will post 0.28 EPS for the current year.

Global Water Resources Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be given a dividend of $0.0253 per share. This represents a $0.30 annualized dividend and a dividend yield of 2.91%. The ex-dividend date of this dividend is Friday, May 16th. Global Water Resources’s dividend payout ratio (DPR) is currently 125.00%.

Insider Activity

In related news, Director Andrew M. Cohn acquired 252,000 shares of the firm’s stock in a transaction dated Thursday, March 27th. The shares were purchased at an average price of $10.00 per share, for a total transaction of $2,520,000.00. Following the completion of the acquisition, the director now owns 2,379,899 shares in the company, valued at approximately $23,798,990. This represents a 11.84 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 54.30% of the company’s stock.

Global Water Resources 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.