Commonwealth Equity Services LLC Makes New $857,000 Investment in Global Water Resources, Inc. (NASDAQ:GWRS)

Commonwealth Equity Services LLC acquired a new stake in shares of Global Water Resources, Inc. (NASDAQ:GWRS) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 70,835 shares of the utilities provider’s stock, valued at approximately $857,000. Commonwealth Equity Services LLC owned 0.29% of Global Water Resources as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Global Water Resources by 1.3% in the first quarter. Vanguard Group Inc. now owns 678,279 shares of the utilities provider’s stock valued at $8,709,000 after acquiring an additional 8,960 shares during the last quarter. North Star Investment Management Corp. lifted its stake in shares of Global Water Resources by 15.8% in the 1st quarter. North Star Investment Management Corp. now owns 234,893 shares of the utilities provider’s stock valued at $3,016,000 after purchasing an additional 32,100 shares in the last quarter. Finally, Panagora Asset Management Inc. grew its holdings 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 period. 27.91% of the stock is currently owned by institutional investors and hedge funds.

Global Water Resources Stock Down 0.5 %

GWRS opened at $13.05 on Wednesday. Global Water Resources, Inc. has a 1 year low of $9.34 and a 1 year high of $13.42. The firm has a 50 day moving average price of $12.50 and a 200 day moving average price of $12.48. The company has a debt-to-equity ratio of 2.53, a quick ratio of 1.86 and a current ratio of 1.86. The company has a market cap of $315.50 million, a PE ratio of 50.19, a price-to-earnings-growth ratio of 3.17 and a beta of 0.97.

Global Water Resources (NASDAQ:GWRS) last released its quarterly earnings data on Wednesday, August 7th. The utilities provider reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.01). The business had revenue of $13.51 million during 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 period in the previous year, the company earned $0.07 EPS. Sell-side analysts expect that Global Water Resources, Inc. will post 0.27 earnings per share for the current year.

Global Water Resources Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be given a $0.025 dividend. This represents a $0.30 annualized dividend and a yield of 2.30%. The ex-dividend date is Monday, September 16th. Global Water Resources’s dividend payout ratio (DPR) is presently 115.38%.

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.