Pentwater Capital Management LP Takes $361,000 Position in Global Water Resources, Inc. $GWRS

Key Points

• Pentwater Capital Management LP has invested approximately $361,000 into Global Water Resources, acquiring 35,000 shares, marking a new position in the company.
• Global Water Resources announced a dividend of $0.0253 per share, with an impressive yield of 315.0%, set to be paid on September 30th.
• Recently, Wall Street Zen downgraded Global Water Resources from a "hold" to a "sell" rating, indicating a shift in analyst sentiment about the stock.

Pentwater Capital Management LP bought a new stake in shares of Global Water Resources, Inc. (NASDAQ:GWRS - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 35,000 shares of the utilities provider's stock, valued at approximately $361,000. Pentwater Capital Management LP owned about 0.13% of Global Water Resources as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Ameriprise Financial Inc. lifted its stake in shares of Global Water Resources by 7.0% during the 4th quarter. Ameriprise Financial Inc. now owns 20,210 shares of the utilities provider's stock worth $232,000 after acquiring an additional 1,327 shares during the last quarter. Barclays PLC increased its stake in Global Water Resources by 5.3% in the fourth quarter. Barclays PLC now owns 33,347 shares of the utilities provider's stock worth $384,000 after purchasing an additional 1,684 shares during the period. Rhumbline Advisers lifted its position in shares of Global Water Resources by 12.0% during the first quarter. Rhumbline Advisers now owns 17,595 shares of the utilities provider's stock worth $181,000 after purchasing an additional 1,884 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Global Water Resources by 14.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 35,075 shares of the utilities provider's stock worth $362,000 after purchasing an additional 4,424 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Global Water Resources by 6.0% during the fourth quarter. Northern Trust Corp now owns 96,579 shares of the utilities provider's stock valued at $1,111,000 after purchasing an additional 5,480 shares during the period. 27.91% of the stock is currently owned by institutional investors.

Global Water Resources Stock Up 2.3%

Shares of GWRS traded up $0.22 during mid-day trading on Thursday, hitting $9.91. The company's stock had a trading volume of 28,463 shares, compared to its average volume of 46,785. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.54. The company's 50-day moving average is $9.96 and its 200-day moving average is $10.32. Global Water Resources, Inc. has a 52-week low of $9.27 and a 52-week high of $13.98. The firm has a market capitalization of $272.23 million, a price-to-earnings ratio of 45.05 and a beta of 1.04.

Global Water Resources (NASDAQ:GWRS - Get Free Report) last issued its quarterly earnings data on Wednesday, August 13th. The utilities provider reported $0.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.06. The company had revenue of $14.24 million for the quarter, compared to analyst estimates of $14.20 million. Global Water Resources had a net margin of 10.27% and a return on equity of 9.67%. On average, equities research 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 disclosed a sep 25 dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be paid a dividend of $0.0253 per share. This represents a dividend yield of 315.0%. The ex-dividend date is Tuesday, September 16th. Global Water Resources's dividend payout ratio is 136.36%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded shares of Global Water Resources from a "hold" rating to a "sell" rating in a research note on Saturday, August 16th.

About Global Water Resources

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.