Blair William & Co. IL Acquires New Position in Global Water Resources, Inc. (NASDAQ:GWRS)

Blair William & Co. IL acquired a new stake in Global Water Resources, Inc. (NASDAQ:GWRS) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 11,000 shares of the utilities provider’s stock, valued at approximately $113,000.

Several other large investors have also bought and sold shares of the business. Heartland Advisors Inc. acquired a new position in Global Water Resources in the first quarter valued at approximately $4,640,000. North Star Investment Management Corp. raised its holdings in Global Water Resources by 46.3% in the first quarter. North Star Investment Management Corp. now owns 342,593 shares of the utilities provider’s stock worth $3,532,000 after purchasing an additional 108,500 shares during the period. Handelsbanken Fonder AB raised its holdings in Global Water Resources by 11.3% in the first quarter. Handelsbanken Fonder AB now owns 1,525,000 shares of the utilities provider’s stock worth $15,723,000 after purchasing an additional 155,000 shares during the period. Wesbanco Bank Inc. raised its holdings in Global Water Resources by 98.4% in the first quarter. Wesbanco Bank Inc. now owns 61,500 shares of the utilities provider’s stock worth $634,000 after purchasing an additional 30,500 shares during the period. Finally, Rhumbline Advisers raised its holdings in Global Water Resources by 12.0% in the first quarter. Rhumbline Advisers now owns 17,595 shares of the utilities provider’s stock worth $181,000 after purchasing an additional 1,884 shares during the period. 27.91% of the stock is currently owned by institutional investors and hedge funds.

Global Water Resources Trading Up 1.9%

GWRS opened at $10.28 on Thursday. The firm’s fifty day moving average is $10.23 and its two-hundred day moving average is $10.56. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.55 and a current ratio of 1.55. The firm has a market cap of $282.19 million, a PE ratio of 44.70, a price-to-earnings-growth ratio of 3.13 and a beta of 1.05. Global Water Resources, Inc. has a twelve month low of $9.37 and a twelve month high of $13.98.

Global Water Resources (NASDAQ:GWRS) last issued its quarterly earnings data on Wednesday, May 14th. The utilities provider reported $0.02 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.02. Global Water Resources had a net margin of 10.63% and a return on equity of 11.27%. The company had revenue of $12.46 million during the quarter, compared to the consensus estimate of $12.00 million. 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 aug 25 dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be given a dividend of $0.0253 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a dividend yield of 310.0%. Global Water Resources’s dividend payout ratio is currently 130.43%.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of Global Water Resources from a “sell” rating to a “hold” rating in a report on Thursday, May 22nd.

About Global Water Resources

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.