Debra Coy Buys 2,600 Shares of Global Water Resources Inc (GWRS) Stock

Global Water Resources Inc (NASDAQ:GWRS) Director Debra Coy purchased 2,600 shares of the stock in a transaction on Friday, March 29th. The stock was acquired at an average cost of $9.90 per share, for a total transaction of $25,740.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Debra Coy also recently made the following trade(s):

  • On Wednesday, March 27th, Debra Coy purchased 1,000 shares of Global Water Resources stock. The stock was acquired at an average cost of $9.79 per share, for a total transaction of $9,790.00.

Shares of NASDAQ:GWRS traded down $0.04 on Friday, hitting $9.68. The company’s stock had a trading volume of 30,052 shares, compared to its average volume of 10,672. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 4.11. The stock has a market cap of $207.84 million, a P/E ratio of 60.50, a PEG ratio of 4.96 and a beta of -0.22. Global Water Resources Inc has a 1 year low of $8.63 and a 1 year high of $11.61.

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th will be given a dividend of $0.0239 per share. The ex-dividend date is Monday, April 15th. This represents a $0.29 annualized dividend and a dividend yield of 2.96%. Global Water Resources’s dividend payout ratio (DPR) is presently 193.33%.

Several institutional investors have recently made changes to their positions in the company. Handelsbanken Fonder AB increased its position in shares of Global Water Resources by 5.5% during the 4th quarter. Handelsbanken Fonder AB now owns 804,497 shares of the utilities provider’s stock valued at $8,158,000 after purchasing an additional 41,849 shares during the last quarter. BlackRock Inc. increased its position in shares of Global Water Resources by 0.4% during the 4th quarter. BlackRock Inc. now owns 492,978 shares of the utilities provider’s stock valued at $4,999,000 after purchasing an additional 1,836 shares during the last quarter. Water Asset Management LLC increased its position in shares of Global Water Resources by 3.4% during the 4th quarter. Water Asset Management LLC now owns 459,912 shares of the utilities provider’s stock valued at $4,664,000 after purchasing an additional 14,917 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Global Water Resources by 7.2% during the 3rd quarter. Vanguard Group Inc. now owns 383,462 shares of the utilities provider’s stock valued at $4,061,000 after purchasing an additional 25,649 shares during the last quarter. Finally, Vanguard Group Inc increased its position in shares of Global Water Resources by 7.2% during the 3rd quarter. Vanguard Group Inc now owns 383,462 shares of the utilities provider’s stock valued at $4,061,000 after purchasing an additional 25,649 shares during the last quarter. Hedge funds and other institutional investors own 29.23% of the company’s stock.

Separately, Zacks Investment Research cut Global Water Resources from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 12th.

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About Global Water Resources

Global Water Resources, Inc, a water resource management company, owns, operates, and manages regulated water, wastewater, and recycled water utilities primarily in metropolitan Phoenix, Arizona. As of December 31, 2018, it served approximately 55,000 people in 21,000 homes. The company was founded in 2003 and is based in Phoenix, Arizona.

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