Global Water Resources, Inc. (NASDAQ:GWRS) Shares Purchased by Handelsbanken Fonder AB

Handelsbanken Fonder AB raised its position in shares of Global Water Resources, Inc. (NASDAQ:GWRS - Free Report) by 11.3% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,525,000 shares of the utilities provider's stock after purchasing an additional 155,000 shares during the quarter. Handelsbanken Fonder AB owned 5.64% of Global Water Resources worth $15,723,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Gitterman Wealth Management LLC bought a new stake in shares of Global Water Resources in the fourth quarter worth approximately $123,000. Deutsche Bank AG grew its position in Global Water Resources by 4,273.8% during the fourth quarter. Deutsche Bank AG now owns 15,002 shares of the utilities provider's stock valued at $173,000 after buying an additional 14,659 shares during the period. Rhumbline Advisers grew its position in Global Water Resources by 12.0% during the first quarter. Rhumbline Advisers now owns 17,595 shares of the utilities provider's stock valued at $181,000 after buying an additional 1,884 shares during the period. Ameriprise Financial Inc. grew its position in Global Water Resources by 7.0% during the fourth quarter. Ameriprise Financial Inc. now owns 20,210 shares of the utilities provider's stock valued at $232,000 after buying an additional 1,327 shares during the period. Finally, Bank of America Corp DE grew its position in Global Water Resources by 61.8% during the fourth quarter. Bank of America Corp DE now owns 24,539 shares of the utilities provider's stock valued at $282,000 after buying an additional 9,370 shares during the period. 27.91% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of Global Water Resources from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd.

Insider Transactions at Global Water Resources

In other news, Director Andrew M. Cohn purchased 252,000 shares of the firm's stock in a transaction on Thursday, March 27th. The stock was acquired at an average cost of $10.00 per share, with a total value of $2,520,000.00. Following the completion of the transaction, the director now owns 2,379,899 shares in the company, valued at $23,798,990. This represents a 11.84% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 54.30% of the company's stock.

Global Water Resources Price Performance

NASDAQ:GWRS traded down $0.30 during trading hours on Friday, hitting $10.37. 42,554 shares of the stock traded hands, compared to its average volume of 33,067. Global Water Resources, Inc. has a 1 year low of $9.37 and a 1 year high of $13.98. The stock has a 50 day moving average price of $10.29 and a 200 day moving average price of $11.09. The company has a quick ratio of 1.63, a current ratio of 1.62 and a debt-to-equity ratio of 2.47. The company has a market cap of $284.67 million, a price-to-earnings ratio of 38.41, a price-to-earnings-growth ratio of 2.53 and a beta of 1.04.

Global Water Resources (NASDAQ:GWRS - Get Free Report) last released its quarterly earnings results on Wednesday, May 14th. The utilities provider reported $0.02 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.02. The company had revenue of $12.46 million for the quarter, compared to the consensus estimate of $12.00 million. Global Water Resources had a net margin of 12.52% and a return on equity of 14.23%. Sell-side analysts forecast that Global Water Resources, Inc. will post 0.28 EPS for the current fiscal year.

Global Water Resources Announces Dividend

The business also recently declared a jun 25 dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be issued a $0.0253 dividend. This represents a dividend yield of 3%. The ex-dividend date of this dividend is Monday, June 16th. Global Water Resources's payout ratio is presently 130.43%.

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.