Global Water Resources, Inc. (NASDAQ:GWRS) Shares Acquired by Barclays PLC

Barclays PLC increased its stake in shares of Global Water Resources, Inc. (NASDAQ:GWRS) by 89.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 31,663 shares of the utilities provider’s stock after purchasing an additional 14,936 shares during the quarter. Barclays PLC owned 0.13% of Global Water Resources worth $400,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Renaissance Technologies LLC lifted its stake in shares of Global Water Resources by 2.6% in the 2nd quarter. Renaissance Technologies LLC now owns 240,447 shares of the utilities provider’s stock worth $2,909,000 after acquiring an additional 6,000 shares during the period. State Street Corp raised its holdings in Global Water Resources by 0.7% during the third quarter. State Street Corp now owns 220,872 shares of the utilities provider’s stock worth $2,781,000 after purchasing an additional 1,496 shares in the last quarter. Commonwealth Equity Services LLC acquired a new stake in Global Water Resources in the second quarter valued at about $857,000. Finally, Dynamic Advisor Solutions LLC boosted its holdings in Global Water Resources by 4.2% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 26,268 shares of the utilities provider’s stock valued at $331,000 after purchasing an additional 1,055 shares in the last quarter. 27.91% of the stock is currently owned by hedge funds and other institutional investors.

Global Water Resources Stock Performance

Shares of GWRS stock opened at $11.55 on Friday. 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 stock has a 50 day simple moving average of $12.51 and a 200-day simple moving average of $12.46. The company has a market cap of $279.74 million, a price-to-earnings ratio of 42.78, a price-to-earnings-growth ratio of 2.97 and a beta of 0.96. Global Water Resources, Inc. has a 12-month low of $11.24 and a 12-month high of $13.98.

Global Water Resources (NASDAQ:GWRS) last released its earnings results on Wednesday, November 6th. The utilities provider reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. Global Water Resources had a return on equity of 14.23% and a net margin of 12.52%. The company had revenue of $14.32 million during the quarter, compared to the consensus estimate of $14.65 million. During the same quarter last year, the company earned $0.11 earnings per share. On average, equities analysts forecast that Global Water Resources, Inc. will post 0.28 EPS for the current year.

Global Water Resources Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be issued a $0.0253 dividend. The ex-dividend date of this dividend is Friday, January 17th. This represents a $0.30 dividend on an annualized basis and a yield of 2.63%. Global Water Resources’s dividend payout ratio (DPR) is presently 111.11%.

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.