Bank of Montreal Can reduced its position in Global Water Resources, Inc. (NASDAQ:GWRS) by 0.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 58,960 shares of the utilities provider’s stock after selling 525 shares during the period. Bank of Montreal Can owned about 0.30% of Global Water Resources worth $513,000 as of its most recent filing with the SEC.
Separately, Bard Associates Inc. increased its stake in shares of Global Water Resources by 13.0% in the fourth quarter. Bard Associates Inc. now owns 185,225 shares of the utilities provider’s stock worth $1,686,000 after buying an additional 21,325 shares during the last quarter. Institutional investors and hedge funds own 16.35% of the company’s stock.
Shares of Global Water Resources, Inc. (GWRS) traded down 0.10% during mid-day trading on Monday, reaching $9.83. 19,136 shares of the company’s stock traded hands. Global Water Resources, Inc. has a 12-month low of $7.17 and a 12-month high of $9.94. The company’s market cap is $192.48 million. The company’s 50 day moving average is $9.13 and its 200 day moving average is $8.79.
The business also recently announced a dividend, which will be paid on Friday, June 30th. Shareholders of record on Friday, June 16th will be paid a $0.023 dividend. The ex-dividend date of this dividend is Wednesday, June 14th. Global Water Resources’s dividend payout ratio is currently -215.38%.
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GWRS has been the subject of a number of recent research reports. Zacks Investment Research raised shares of Global Water Resources from a “sell” rating to a “hold” rating in a research report on Monday, April 17th. Roth Capital set a $11.00 target price on shares of Global Water Resources and gave the company a “buy” rating in a research note on Saturday, May 27th.
In other Global Water Resources news, Director William S. Levine acquired 20,000 shares of the company’s stock in a transaction dated Tuesday, May 16th. The shares were purchased at an average cost of $8.55 per share, for a total transaction of $171,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director L Rita Theil sold 25,000 shares of the firm’s stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $9.23, for a total transaction of $230,750.00. Following the completion of the transaction, the director now directly owns 2,666 shares of the company’s stock, valued at approximately $24,607.18. The disclosure for this sale can be found here.
About Global Water Resources
Global Water Resources, Inc is a water resource management company. The Company owns, operates and manages water, wastewater and recycled water utilities in strategically located communities, principally in metropolitan Phoenix, Arizona. The Company focuses on the issues of water supply and scarcity, and applies principles of water conservation through water reclamation and reuse.
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