Global Water Resources, Inc. (NASDAQ:GWRS) Shares Acquired by Perritt Capital Management Inc

Perritt Capital Management Inc boosted its position in Global Water Resources, Inc. (NASDAQ:GWRS) by 105.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 35,000 shares of the utilities provider’s stock after acquiring an additional 18,000 shares during the quarter. Perritt Capital Management Inc’s holdings in Global Water Resources were worth $402,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GWRS. Wesbanco Bank Inc. purchased a new position in shares of Global Water Resources in the 4th quarter worth about $356,000. Avanza Fonder AB acquired a new stake in Global Water Resources during the 4th quarter worth approximately $327,000. JPMorgan Chase & Co. raised its holdings in Global Water Resources by 110.3% in the fourth quarter. JPMorgan Chase & Co. now owns 44,067 shares of the utilities provider’s stock valued at $507,000 after buying an additional 23,113 shares during the period. Barclays PLC lifted its position in Global Water Resources by 89.3% during the third quarter. Barclays PLC now owns 31,663 shares of the utilities provider’s stock valued at $400,000 after buying an additional 14,936 shares in the last quarter. Finally, Gitterman Wealth Management LLC acquired a new position in Global Water Resources during the fourth quarter valued at approximately $123,000. 27.91% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Andrew M. Cohn bought 252,000 shares of Global Water Resources stock in a transaction dated Thursday, March 27th. The shares were acquired at an average cost of $10.00 per share, with a total value of $2,520,000.00. Following the completion of the transaction, the director now owns 2,379,899 shares in the company, valued at approximately $23,798,990. This trade represents a 11.84 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 54.86% of the stock is owned by company insiders.

Global Water Resources Stock Performance

Shares of GWRS stock opened at $10.36 on Wednesday. The company has a current ratio of 1.62, a quick ratio of 1.63 and a debt-to-equity ratio of 2.47. The company has a market cap of $250.98 million, a PE ratio of 38.37, a P/E/G ratio of 2.53 and a beta of 1.01. The company’s fifty day simple moving average is $11.28 and its 200-day simple moving average is $12.02. Global Water Resources, Inc. has a 52 week low of $9.79 and a 52 week high of $13.98.

Global Water Resources (NASDAQ:GWRS) last released its quarterly earnings data on Wednesday, March 5th. The utilities provider reported $0.04 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.02). The company had revenue of $13.29 million during the quarter, compared to analysts’ expectations of $12.70 million. Global Water Resources had a net margin of 12.52% and a return on equity of 14.23%. As a group, equities research analysts anticipate that Global Water Resources, Inc. will post 0.28 EPS for the current year.

Global Water Resources Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be given a dividend of $0.0253 per share. This represents a $0.30 annualized dividend and a yield of 2.93%. The ex-dividend date of this dividend is Wednesday, April 16th. Global Water Resources’s dividend payout ratio (DPR) is presently 125.00%.

Global Water Resources Company Profile

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.