Geode Capital Management LLC Acquires 4,999 Shares of Global Water Resources Inc (GWRS)

Geode Capital Management LLC boosted its holdings in Global Water Resources Inc (NASDAQ:GWRS) by 11.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 47,907 shares of the utilities provider’s stock after buying an additional 4,999 shares during the quarter. Geode Capital Management LLC’s holdings in Global Water Resources were worth $485,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of GWRS. Handelsinvest Investeringsforvaltning acquired a new position in Global Water Resources in the fourth quarter worth approximately $446,000. Handelsbanken Fonder AB boosted its stake in Global Water Resources by 5.5% in the 4th quarter. Handelsbanken Fonder AB now owns 804,497 shares of the utilities provider’s stock worth $8,158,000 after purchasing an additional 41,849 shares during the period. Granite Investment Partners LLC acquired a new position in Global Water Resources in the 4th quarter worth approximately $417,000. Vanguard Group Inc boosted its stake in Global Water Resources by 7.2% in the 3rd quarter. Vanguard Group Inc now owns 383,462 shares of the utilities provider’s stock worth $4,061,000 after purchasing an additional 25,649 shares during the period. Finally, Vanguard Group Inc. boosted its stake in Global Water Resources by 7.2% in the 3rd quarter. Vanguard Group Inc. now owns 383,462 shares of the utilities provider’s stock worth $4,061,000 after purchasing an additional 25,649 shares during the period. Hedge funds and other institutional investors own 29.57% of the company’s stock.

Global Water Resources stock opened at $9.61 on Monday. Global Water Resources Inc has a 52 week low of $8.75 and a 52 week high of $11.61. The company has a debt-to-equity ratio of 4.11, a current ratio of 1.81 and a quick ratio of 1.81. The company has a market capitalization of $203.76 million, a P/E ratio of 64.03, a PEG ratio of 4.87 and a beta of -0.23.

Global Water Resources (NASDAQ:GWRS) last posted its quarterly earnings data on Wednesday, May 8th. The utilities provider reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.02. Global Water Resources had a net margin of 9.58% and a return on equity of 14.13%. The firm had revenue of $7.72 million during the quarter, compared to analyst estimates of $8.30 million. Equities analysts forecast that Global Water Resources Inc will post 0.13 EPS for the current year.

The company also recently disclosed a monthly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be paid a $0.024 dividend. This is a positive change from Global Water Resources’s previous monthly dividend of $0.02. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $0.29 dividend on an annualized basis and a yield of 3.00%. Global Water Resources’s dividend payout ratio (DPR) is currently 193.33%.

In related news, Director Debra Coy bought 2,600 shares of the firm’s stock in a transaction on Friday, March 29th. The stock was bought at an average price of $9.90 per share, with a total value of $25,740.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Cindy M. Bowers sold 9,426 shares of Global Water Resources stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $9.50, for a total transaction of $89,547.00. The disclosure for this sale can be found here. Company insiders own 45.70% of the company’s stock.

Separately, Zacks Investment Research raised shares of Global Water Resources from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 8th.

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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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Institutional Ownership by Quarter for Global Water Resources (NASDAQ:GWRS)

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