Global Water Resources Inc (NASDAQ:GWRS) Director Trevor T. Hill Sells 1,963 Shares

Global Water Resources Inc (NASDAQ:GWRS) Director Trevor T. Hill sold 1,963 shares of the firm’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $9.78, for a total value of $19,198.14. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Shares of Global Water Resources Inc (GWRS) traded up $0.05 on Monday, reaching $9.73. The company’s stock had a trading volume of 9,800 shares, compared to its average volume of 19,306. Global Water Resources Inc has a 52-week low of $7.90 and a 52-week high of $10.00. The company has a debt-to-equity ratio of 8.55, a current ratio of 1.21 and a quick ratio of 1.21. The company has a market cap of $191.01, a price-to-earnings ratio of 121.63, a price-to-earnings-growth ratio of 7.21 and a beta of 0.19.

The business also recently declared a monthly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be given a $0.0236 dividend. This is a positive change from Global Water Resources’s previous monthly dividend of $0.02. This represents a $0.28 annualized dividend and a dividend yield of 2.91%. The ex-dividend date of this dividend is Thursday, December 14th. Global Water Resources’s dividend payout ratio (DPR) is currently 350.04%.

Large investors have recently bought and sold shares of the company. Rhumbline Advisers bought a new position in shares of Global Water Resources in the 2nd quarter worth $101,000. New York State Common Retirement Fund boosted its position in shares of Global Water Resources by 857.5% in the 2nd quarter. New York State Common Retirement Fund now owns 11,500 shares of the utilities provider’s stock worth $114,000 after purchasing an additional 10,299 shares during the last quarter. Bank of America Corp DE boosted its position in shares of Global Water Resources by 7.5% in the 1st quarter. Bank of America Corp DE now owns 16,708 shares of the utilities provider’s stock worth $145,000 after purchasing an additional 1,172 shares during the last quarter. ELCO Management Co. LLC boosted its position in shares of Global Water Resources by 13.0% in the 2nd quarter. ELCO Management Co. LLC now owns 17,659 shares of the utilities provider’s stock worth $175,000 after purchasing an additional 2,034 shares during the last quarter. Finally, California State Teachers Retirement System boosted its position in shares of Global Water Resources by 6.5% in the 2nd quarter. California State Teachers Retirement System now owns 17,958 shares of the utilities provider’s stock worth $178,000 after purchasing an additional 1,100 shares during the last quarter. Institutional investors and hedge funds own 16.97% of the company’s stock.

A number of research firms recently weighed in on GWRS. Roth Capital set a $11.00 price target on Global Water Resources and gave the company a “buy” rating in a report on Wednesday, August 9th. Zacks Investment Research cut Global Water Resources from a “hold” rating to a “sell” rating in a report on Friday, August 11th.

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Global Water Resources Company Profile

Global Water Resources, Inc is a water resource management company. The Company owns, operates and manages water, wastewater and recycled water utilities in strategically located communities, principally in metropolitan Phoenix, Arizona. The Company focuses on the issues of water supply and scarcity, and applies principles of water conservation through water reclamation and reuse.

Insider Buying and Selling by Quarter for Global Water Resources (NASDAQ:GWRS)

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