Michael Liebman Purchases 7,000 Shares of Global Water Resources (NASDAQ:GWRS) Stock

Global Water Resources, Inc. (NASDAQ:GWRS) CFO Michael Liebman acquired 7,000 shares of the stock in a transaction dated Wednesday, May 20th. The stock was bought at an average cost of $6.89 per share, with a total value of $48,230.00. Following the completion of the purchase, the chief financial officer directly owned 7,000 shares in the company, valued at approximately $48,230. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Global Water Resources Price Performance

NASDAQ:GWRS opened at $7.22 on Friday. The firm has a market capitalization of $207.65 million, a price-to-earnings ratio of 103.14 and a beta of 0.92. Global Water Resources, Inc. has a 1 year low of $6.55 and a 1 year high of $11.17. The business has a 50 day simple moving average of $7.36 and a 200-day simple moving average of $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 (NASDAQ:GWRS) last posted its quarterly earnings data on Wednesday, May 13th. The utilities provider reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.01. The business had revenue of $13.29 million during the quarter, compared to analyst estimates of $14.09 million. Global Water Resources had a return on equity of 3.53% and a net margin of 3.53%. Equities analysts forecast that Global Water Resources, Inc. will post 0.08 EPS for the current year.

Global Water Resources Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be paid a $0.0253 dividend. This represents a c) annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend is Friday, May 15th. Global Water Resources’s dividend payout ratio (DPR) is presently 428.57%.

Institutional Investors Weigh In On Global Water Resources

A number of institutional investors and hedge funds have recently modified their holdings of the business. Heartland Advisors Inc. lifted its stake in shares of Global Water Resources by 21.1% during the 1st quarter. Heartland Advisors Inc. now owns 831,100 shares of the utilities provider’s stock worth $6,308,000 after acquiring an additional 144,600 shares during the last quarter. TSP Capital Management Group LLC lifted its stake in shares of Global Water Resources by 56.0% during the 1st quarter. TSP Capital Management Group LLC now owns 1,182,144 shares of the utilities provider’s stock worth $8,972,000 after acquiring an additional 424,438 shares during the last quarter. North Star Investment Management Corp. lifted its stake in shares of Global Water Resources by 36.5% during the 1st quarter. North Star Investment Management Corp. now owns 415,448 shares of the utilities provider’s stock worth $3,153,000 after acquiring an additional 111,000 shares during the last quarter. Occudo Quantitative Strategies LP bought a new stake in shares of Global Water Resources during the 4th quarter worth approximately $107,000. Finally, Millennium Management LLC bought a new stake in shares of Global Water Resources during the 4th quarter worth approximately $153,000. 27.91% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

GWRS has been the subject of several analyst reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Global Water Resources in a research note on Wednesday. Freedom Capital lowered 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently 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.