Geode Capital Management LLC Purchases 8,593 Shares of Global Water Resources, Inc. (NASDAQ:GWRS)

Geode Capital Management LLC lifted its position in shares of Global Water Resources, Inc. (NASDAQ:GWRS) by 3.3% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 272,509 shares of the utilities provider’s stock after buying an additional 8,593 shares during the quarter. Geode Capital Management LLC owned approximately 1.13% of Global Water Resources worth $3,431,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of GWRS. Dynamic Advisor Solutions LLC lifted its position in shares of Global Water Resources by 4.2% in the third quarter. Dynamic Advisor Solutions LLC now owns 26,268 shares of the utilities provider’s stock valued at $331,000 after acquiring an additional 1,055 shares in the last quarter. Barclays PLC raised its stake in Global Water Resources by 89.3% during the 3rd quarter. Barclays PLC now owns 31,663 shares of the utilities provider’s stock valued at $400,000 after purchasing an additional 14,936 shares during the period. Commonwealth Equity Services LLC purchased a new position in Global Water Resources in the 2nd quarter worth approximately $857,000. State Street Corp boosted its stake in Global Water Resources by 0.7% in the 3rd 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 during the period. Finally, Renaissance Technologies LLC grew its holdings in Global Water Resources by 2.6% during the 2nd quarter. Renaissance Technologies LLC now owns 240,447 shares of the utilities provider’s stock valued at $2,909,000 after buying an additional 6,000 shares in the last quarter. Institutional investors own 27.91% of the company’s stock.

Global Water Resources Price Performance

GWRS stock opened at $11.64 on Tuesday. The company has a debt-to-equity ratio of 2.47, a quick ratio of 1.63 and a current ratio of 1.62. The company’s fifty day moving average price is $12.49 and its 200-day moving average price is $12.46. Global Water Resources, Inc. has a one year low of $11.24 and a one year high of $13.98. The company has a market capitalization of $281.94 million, a PE ratio of 43.11, a price-to-earnings-growth ratio of 2.97 and a beta of 0.99.

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

Global Water Resources Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be paid a dividend of $0.0253 per share. This represents a $0.30 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date of this dividend is Friday, January 17th. Global Water Resources’s payout ratio is presently 111.11%.

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.