Handelsbanken Fonder AB Has $15.72 Million Stock Position in Global Water Resources, Inc. (NASDAQ:GWRS)

Handelsbanken Fonder AB grew its holdings in shares of Global Water Resources, Inc. (NASDAQ:GWRS - Free Report) by 11.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,525,000 shares of the utilities provider's stock after purchasing an additional 155,000 shares during the period. Handelsbanken Fonder AB owned approximately 5.64% of Global Water Resources worth $15,723,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of GWRS. Gitterman Wealth Management LLC bought a new position in Global Water Resources during the 4th quarter valued at $123,000. JPMorgan Chase & Co. lifted its holdings in shares of Global Water Resources by 110.3% in the fourth quarter. JPMorgan Chase & Co. now owns 44,067 shares of the utilities provider's stock valued at $507,000 after buying an additional 23,113 shares during the period. Perritt Capital Management Inc lifted its holdings in shares of Global Water Resources by 105.9% in the fourth quarter. Perritt Capital Management Inc now owns 35,000 shares of the utilities provider's stock valued at $402,000 after buying an additional 18,000 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of Global Water Resources by 0.5% in the fourth quarter. Wells Fargo & Company MN now owns 211,216 shares of the utilities provider's stock valued at $2,429,000 after buying an additional 1,130 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in shares of Global Water Resources by 2.9% in the fourth quarter. Renaissance Technologies LLC now owns 256,552 shares of the utilities provider's stock valued at $2,950,000 after buying an additional 7,186 shares during the period. 27.91% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Andrew M. Cohn bought 252,000 shares of the firm's stock in a transaction that occurred on Thursday, March 27th. The shares were acquired at an average cost of $10.00 per share, for a total transaction of $2,520,000.00. Following the acquisition, the director now directly owns 2,379,899 shares of the company's stock, valued at $23,798,990. The trade was a 11.84% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 54.30% of the company's stock.

Wall Street Analysts Forecast Growth

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

Global Water Resources Price Performance

Shares of NASDAQ GWRS traded up $0.01 during midday trading on Thursday, reaching $10.67. The company's stock had a trading volume of 24,230 shares, compared to its average volume of 32,907. The company has a current ratio of 1.62, a quick ratio of 1.63 and a debt-to-equity ratio of 2.47. The company has a 50 day moving average price of $10.27 and a 200 day moving average price of $11.14. Global Water Resources, Inc. has a one year low of $9.37 and a one year high of $13.98. The company has a market cap of $292.90 million, a price-to-earnings ratio of 39.52, 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 earnings results on Wednesday, May 14th. The utilities provider reported $0.02 EPS for the quarter, hitting analysts' consensus estimates of $0.02. Global Water Resources had a net margin of 12.52% and a return on equity of 14.23%. The business had revenue of $12.46 million for the quarter, compared to the consensus estimate of $12.00 million. On average, equities research analysts expect that Global Water Resources, Inc. will post 0.28 EPS for the current year.

Global Water Resources Announces Dividend

The business also recently announced a jun 25 dividend, which will be paid on Monday, June 30th. Investors 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 130.43%.

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.