Gitterman Wealth Management LLC Buys Shares of 10,718 Global Water Resources, Inc. (NASDAQ:GWRS)

Gitterman Wealth Management LLC bought a new stake in shares of Global Water Resources, Inc. (NASDAQ:GWRS) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 10,718 shares of the utilities provider’s stock, valued at approximately $123,000.

Several other institutional investors also recently bought and sold shares of the stock. Handelsbanken Fonder AB raised its holdings in Global Water Resources by 0.7% during the fourth quarter. Handelsbanken Fonder AB now owns 1,370,000 shares of the utilities provider’s stock valued at $15,755,000 after buying an additional 10,000 shares in the last quarter. Dynamic Advisor Solutions LLC raised its holdings in Global Water Resources by 6.4% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 27,945 shares of the utilities provider’s stock valued at $321,000 after buying an additional 1,677 shares in the last quarter. Wesbanco Bank Inc. bought a new position in Global Water Resources during the fourth quarter valued at about $356,000. Avanza Fonder AB bought a new position in Global Water Resources during the fourth quarter valued at about $327,000. Finally, JPMorgan Chase & Co. raised its holdings in Global Water Resources by 151.9% during the third quarter. JPMorgan Chase & Co. now owns 20,954 shares of the utilities provider’s stock valued at $264,000 after buying an additional 12,636 shares in the last quarter. 27.91% of the stock is currently owned by institutional investors.

Global Water Resources Price Performance

NASDAQ GWRS opened at $11.30 on Friday. The company has a debt-to-equity ratio of 2.47, a current ratio of 1.62 and a quick ratio of 1.63. The stock’s 50-day moving average is $11.52 and its two-hundred day moving average is $12.19. The firm has a market cap of $273.75 million, a P/E ratio of 41.85, a price-to-earnings-growth ratio of 2.53 and a beta of 1.01. Global Water Resources, Inc. has a fifty-two week low of $11.05 and a fifty-two week high of $13.98.

Global Water Resources (NASDAQ:GWRS) last posted 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). The business had revenue of $13.29 million during the quarter, compared to the consensus estimate of $12.70 million. Global Water Resources had a return on equity of 14.23% and a net margin of 12.52%. On average, analysts anticipate that Global Water Resources, Inc. will post 0.28 earnings per share for the current fiscal year.

Global Water Resources Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a $0.0253 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.69%. Global Water Resources’s payout ratio is presently 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.