Christopher Krygier Buys 5,389 Shares of Global Water Resources (NASDAQ:GWRS) Stock

Global Water Resources, Inc. (NASDAQ:GWRS) COO Christopher Krygier purchased 5,389 shares of the business’s stock in a transaction on Wednesday, May 20th. The shares were acquired at an average cost of $6.87 per share, for a total transaction of $37,022.43. Following the completion of the transaction, the chief operating officer directly owned 10,485 shares in the company, valued at approximately $72,031.95. This represents a 105.75% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Global Water Resources Trading Up 0.3%

Shares of NASDAQ:GWRS opened at $6.99 on Friday. The company’s 50-day moving average price is $7.37 and its two-hundred day moving average price is $8.28. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.68 and a quick ratio of 0.68. Global Water Resources, Inc. has a one year low of $6.55 and a one year high of $11.17. The stock has a market capitalization of $201.03 million, a PE ratio of 99.86 and a beta of 0.92.

Global Water Resources (NASDAQ:GWRS) last issued its quarterly earnings results on Wednesday, May 13th. The utilities provider reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.02) by $0.01. The firm had revenue of $13.29 million for the quarter, compared to analysts’ expectations of $14.09 million. Global Water Resources had a net margin of 3.53% and a return on equity of 3.53%. On average, equities analysts forecast that Global Water Resources, Inc. will post 0.08 EPS for the current fiscal year.

Global Water Resources Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be paid a $0.0253 dividend. The ex-dividend date is Friday, May 15th. This represents a c) dividend on an annualized basis and a yield of 4.3%. Global Water Resources’s dividend payout ratio (DPR) is currently 428.57%.

Institutional Trading of Global Water Resources

A number of institutional investors and hedge funds have recently made changes to their positions in GWRS. Goldman Sachs Group Inc. lifted its holdings in shares of Global Water Resources by 20.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 103,024 shares of the utilities provider’s stock worth $1,062,000 after acquiring an additional 17,257 shares during the period. Jane Street Group LLC bought a new stake in shares of Global Water Resources during the 1st quarter worth approximately $109,000. Rhumbline Advisers lifted its holdings in shares of Global Water Resources by 12.0% during the 1st quarter. Rhumbline Advisers now owns 17,595 shares of the utilities provider’s stock worth $181,000 after acquiring an additional 1,884 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Global Water Resources by 10.3% during the 2nd quarter. Geode Capital Management LLC now owns 299,330 shares of the utilities provider’s stock worth $3,050,000 after acquiring an additional 27,850 shares during the period. Finally, Bank of America Corp DE lifted its holdings in shares of Global Water Resources by 30.7% during the 2nd quarter. Bank of America Corp DE now owns 40,661 shares of the utilities provider’s stock worth $414,000 after acquiring an additional 9,539 shares during the period. Institutional investors own 27.91% of the company’s stock.

Wall Street Analysts Forecast Growth

GWRS has been the topic of several recent analyst reports. Freedom Capital lowered shares of Global Water Resources from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 5th. Weiss Ratings restated a “sell (d+)” rating on shares of Global Water Resources in a research note on Wednesday. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $15.00.

Global Water Resources Company Profile

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.