Global Water Resources, Inc. (NASDAQ:GWRS) Short Interest Down 13.3% in February

Global Water Resources, Inc. (NASDAQ:GWRS) was the recipient of a large drop in short interest in February. As of February 27th, there was short interest totaling 211,080 shares, a drop of 13.3% from the February 12th total of 243,558 shares. Based on an average trading volume of 48,408 shares, the short-interest ratio is presently 4.4 days. Approximately 1.6% of the shares of the stock are short sold. Approximately 1.6% of the shares of the stock are short sold. Based on an average trading volume of 48,408 shares, the short-interest ratio is presently 4.4 days.

Global Water Resources Stock Down 0.5%

Shares of Global Water Resources stock traded down $0.04 during trading on Tuesday, hitting $7.51. 149,163 shares of the stock traded hands, compared to its average volume of 72,603. The stock has a market cap of $215.84 million, a P/E ratio of 75.57 and a beta of 0.96. The company has a fifty day moving average price of $8.64 and a two-hundred day moving average price of $9.18. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.76 and a current ratio of 0.76. Global Water Resources has a twelve month low of $7.12 and a twelve month high of $11.26.

Global Water Resources (NASDAQ:GWRS) last released its earnings results on Wednesday, March 4th. The utilities provider reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.05). The firm had revenue of $13.54 million for the quarter, compared to analyst estimates of $13.73 million. Global Water Resources had a return on equity of 4.73% and a net margin of 5.30%. Equities research analysts predict that Global Water Resources will post 0.28 EPS for the current fiscal year.

Global Water Resources Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be paid a dividend of $0.0253 per share. The ex-dividend date is Tuesday, March 17th. This represents a c) dividend on an annualized basis and a yield of 4.1%. Global Water Resources’s dividend payout ratio (DPR) is currently 300.00%.

Insider Activity

In other news, Director Andrew M. Cohn acquired 18,305 shares of the firm’s stock in a transaction on Friday, March 13th. The stock was acquired at an average price of $7.20 per share, for a total transaction of $131,796.00. Following the completion of the acquisition, the director owned 2,560,984 shares in the company, valued at $18,439,084.80. This trade represents a 0.72% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 54.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Global Water Resources

A number of institutional investors and hedge funds have recently made changes to their positions in GWRS. Police & Firemen s Retirement System of New Jersey acquired a new position in Global Water Resources during the second quarter valued at approximately $27,000. Allworth Financial LP raised its holdings in shares of Global Water Resources by 75,025.0% in the 3rd quarter. Allworth Financial LP now owns 3,005 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 3,001 shares during the period. Russell Investments Group Ltd. grew its holdings in Global Water Resources by 152.6% during the third quarter. Russell Investments Group Ltd. now owns 3,461 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 2,091 shares during the period. Tower Research Capital LLC TRC raised its stake in Global Water Resources by 258.9% in the second quarter. Tower Research Capital LLC TRC now owns 3,898 shares of the utilities provider’s stock valued at $40,000 after buying an additional 2,812 shares during the period. Finally, BNP Paribas Financial Markets lifted its position in shares of Global Water Resources by 120.9% in the third quarter. BNP Paribas Financial Markets now owns 4,753 shares of the utilities provider’s stock valued at $49,000 after buying an additional 2,601 shares during the last quarter. Institutional investors own 27.91% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Weiss Ratings lowered shares of Global Water Resources from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, February 20th. Roth Mkm set a $15.00 target price on Global Water Resources in a report on Monday, November 17th. Finally, Freedom Capital downgraded Global Water Resources from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 5th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Global Water Resources presently has an average rating of “Reduce” and an average price target of $15.00.

About Global Water Resources

Global Water Resources, Inc (NASDAQ:GWRS) is a publicly traded holding company based in Scottsdale, Arizona, specializing in the ownership and management of water and wastewater utilities. The company provides critical potable water delivery, wastewater collection and treatment, and reclaimed water services to residential, commercial and industrial customers across select communities in Central and Southern Arizona.

The company operates multiple regulated utility systems, serving communities such as Anthem, Biltmore, Florence and San Tan Valley.