Cullen Capital Management LLC Sells 16,492 Shares of Global Water Resources, Inc. (NASDAQ:GWRS)

Cullen Capital Management LLC trimmed its holdings in shares of Global Water Resources, Inc. (NASDAQ:GWRS) by 49.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 16,583 shares of the utilities provider’s stock after selling 16,492 shares during the quarter. Cullen Capital Management LLC owned 0.07% of Global Water Resources worth $191,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of GWRS. Gitterman Wealth Management LLC bought a new stake in shares of Global Water Resources during the fourth quarter worth $123,000. JPMorgan Chase & Co. increased its holdings in Global Water Resources by 151.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 20,954 shares of the utilities provider’s stock worth $264,000 after purchasing an additional 12,636 shares in the last quarter. Dynamic Advisor Solutions LLC raised its stake in shares of Global Water Resources by 6.4% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 27,945 shares of the utilities provider’s stock valued at $321,000 after purchasing an additional 1,677 shares during the period. Avanza Fonder AB bought a new stake in shares of Global Water Resources in the fourth quarter valued at about $327,000. Finally, Wesbanco Bank Inc. acquired a new position in shares of Global Water Resources during the fourth quarter worth about $356,000. 27.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Andrew M. Cohn acquired 252,000 shares of the company’s stock in a transaction dated Thursday, March 27th. The shares were bought at an average price of $10.00 per share, for a total transaction of $2,520,000.00. Following the purchase, the director now directly owns 2,379,899 shares in the company, valued at approximately $23,798,990. This trade represents a 11.84 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 54.86% of the stock is currently owned by corporate insiders.

Global Water Resources Stock Down 1.6 %

Shares of Global Water Resources stock opened at $9.77 on Friday. The firm has a market cap of $264.04 million, a PE ratio of 36.19, a P/E/G ratio of 2.53 and a beta of 1.01. The business’s 50 day simple moving average is $11.16 and its 200 day simple moving average is $11.96. The company has a debt-to-equity ratio of 2.47, a quick ratio of 1.63 and a current ratio of 1.62. Global Water Resources, Inc. has a 52-week low of $9.64 and a 52-week high of $13.98.

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

Global Water Resources Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be given a $0.0253 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date of this dividend is Wednesday, April 16th. Global Water Resources’s dividend payout ratio is currently 125.00%.

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.