15,735 Shares in Global Water Resources, Inc. $GWRS Purchased by Atria Investments Inc

Atria Investments Inc acquired a new stake in shares of Global Water Resources, Inc. (NASDAQ:GWRS) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 15,735 shares of the utilities provider’s stock, valued at approximately $160,000. Atria Investments Inc owned approximately 0.06% of Global Water Resources as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the company. Jane Street Group LLC purchased a new stake in shares of Global Water Resources during the first quarter valued at approximately $109,000. Blair William & Co. IL purchased a new position in shares of Global Water Resources during the first quarter valued at approximately $113,000. Rhumbline Advisers lifted its position in Global Water Resources by 12.0% during the first quarter. Rhumbline Advisers now owns 17,595 shares of the utilities provider’s stock valued at $181,000 after purchasing an additional 1,884 shares during the period. Strs Ohio purchased a new stake in Global Water Resources in the first quarter worth approximately $191,000. Finally, Penn Capital Management Company LLC bought a new stake in Global Water Resources in the 1st quarter worth approximately $325,000. 27.91% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Global Water Resources

In other Global Water Resources news, Director Andrew M. Cohn bought 154,026 shares of the business’s stock in a transaction that occurred on Tuesday, September 30th. The stock was purchased at an average price of $10.30 per share, for a total transaction of $1,586,467.80. Following the completion of the transaction, the director owned 2,540,908 shares of the company’s stock, valued at $26,171,352.40. This trade represents a 6.45% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 54.30% of the stock is currently owned by company insiders.

Global Water Resources Price Performance

Shares of Global Water Resources stock opened at $8.91 on Friday. The stock has a market cap of $244.78 million, a P/E ratio of 40.50 and a beta of 1.07. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.09 and a current ratio of 1.09. The stock’s fifty day moving average is $10.15 and its 200 day moving average is $10.15. Global Water Resources, Inc. has a one year low of $8.88 and a one year high of $13.68.

Global Water Resources (NASDAQ:GWRS) last issued its quarterly earnings results on Wednesday, November 12th. The utilities provider reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.02). Global Water Resources had a return on equity of 9.67% and a net margin of 10.27%.The company had revenue of $15.52 million during the quarter, compared to analysts’ expectations of $15.20 million. Sell-side analysts anticipate that Global Water Resources, Inc. will post 0.28 earnings per share for the current year.

Global Water Resources Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 12th will be given a $0.0253 dividend. This represents a c) annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Wednesday, November 12th. Global Water Resources’s payout ratio is presently 136.36%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Weiss Ratings reissued a “hold (c-)” rating on shares of Global Water Resources in a report on Wednesday, October 8th. Wall Street Zen cut Global Water Resources from a “hold” rating to a “sell” rating in a research report on Friday, October 3rd. One analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold”.

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.