Barclays PLC Boosts Stock Holdings in Global Water Resources, Inc. (NASDAQ:GWRS)

Barclays PLC increased its stake in Global Water Resources, Inc. (NASDAQ:GWRS) by 89.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,663 shares of the utilities provider’s stock after acquiring an additional 14,936 shares during the period. Barclays PLC owned approximately 0.13% of Global Water Resources worth $400,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GWRS. Dynamic Advisor Solutions LLC raised its position 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. State Street Corp raised its holdings in Global Water Resources by 0.7% in the third quarter. State Street Corp now owns 220,872 shares of the utilities provider’s stock valued at $2,781,000 after acquiring an additional 1,496 shares in the last quarter. Renaissance Technologies LLC lifted its stake in Global Water Resources by 2.6% in the second 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 last quarter. Finally, Geode Capital Management LLC lifted its stake in Global Water Resources by 3.3% in the third quarter. Geode Capital Management LLC now owns 272,509 shares of the utilities provider’s stock worth $3,431,000 after acquiring an additional 8,593 shares during the last quarter. 27.91% of the stock is currently owned by hedge funds and other institutional investors.

Global Water Resources Trading Up 0.6 %

Shares of NASDAQ:GWRS opened at $11.96 on Friday. Global Water Resources, Inc. has a 52 week low of $11.05 and a 52 week high of $13.98. The company’s 50 day moving average is $12.26 and its two-hundred day moving average is $12.43. The company has a market cap of $289.67 million, a PE ratio of 44.30, a P/E/G ratio of 2.51 and a beta of 0.99. The company has a current ratio of 1.62, a quick ratio of 1.63 and a debt-to-equity ratio of 2.47.

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

Global Water Resources Dividend Announcement

The firm also recently announced 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 annualized dividend and a yield of 2.54%. The ex-dividend date is Friday, January 17th. Global Water Resources’s payout ratio is 111.11%.

Global Water Resources 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.