Delta Investment Management LLC Has $292,000 Position in Global Water Resources, Inc. (NASDAQ:GWRS)

Delta Investment Management LLC reduced its holdings in Global Water Resources, Inc. (NASDAQ:GWRS) by 8.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 24,155 shares of the utilities provider’s stock after selling 2,240 shares during the period. Delta Investment Management LLC owned 0.10% of Global Water Resources worth $292,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC acquired a new position in shares of Global Water Resources during the 2nd quarter worth about $857,000. Panagora Asset Management Inc. increased its stake in shares of Global Water Resources by 9.1% during the 2nd quarter. Panagora Asset Management Inc. now owns 96,088 shares of the utilities provider’s stock worth $1,163,000 after purchasing an additional 8,033 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of Global Water Resources by 2.6% during the 2nd quarter. Renaissance Technologies LLC now owns 240,447 shares of the utilities provider’s stock worth $2,909,000 after purchasing an additional 6,000 shares during the last quarter. North Star Investment Management Corp. increased its stake in shares of Global Water Resources by 15.8% during the 1st quarter. North Star Investment Management Corp. now owns 234,893 shares of the utilities provider’s stock worth $3,016,000 after purchasing an additional 32,100 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Global Water Resources by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 678,279 shares of the utilities provider’s stock worth $8,709,000 after purchasing an additional 8,960 shares during the last quarter. 27.91% of the stock is currently owned by institutional investors and hedge funds.

Global Water Resources Stock Down 1.7 %

Global Water Resources stock opened at $12.42 on Friday. The firm has a market capitalization of $300.81 million, a PE ratio of 47.77, a P/E/G ratio of 3.18 and a beta of 0.97. The company’s 50-day moving average is $12.54 and its 200-day moving average is $12.48. Global Water Resources, Inc. has a fifty-two week low of $9.34 and a fifty-two week high of $13.42. The company has a debt-to-equity ratio of 2.53, a current ratio of 1.86 and a quick ratio of 1.86.

Global Water Resources (NASDAQ:GWRS) last released its quarterly earnings data on Wednesday, August 7th. The utilities provider reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.01). The firm had revenue of $13.51 million for the quarter, compared to analyst estimates of $13.60 million. Global Water Resources had a return on equity of 13.45% and a net margin of 11.91%. During the same quarter in the prior year, the firm earned $0.07 earnings per share. Sell-side analysts anticipate that Global Water Resources, Inc. will post 0.27 earnings per share for the current year.

Global Water Resources Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be issued a dividend of $0.025 per share. This represents a $0.30 annualized dividend and a dividend yield of 2.42%. The ex-dividend date of this dividend is Monday, September 16th. Global Water Resources’s payout ratio is 115.39%.

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.