Global Water Resources (NASDAQ:GWRS) Director Andrew Cohn Purchases 18,305 Shares

Key Points

• Director Andrew Cohn purchased 18,305 shares at an average price of $7.20 (about $131,796), bringing his holdings to 2,560,984 shares — a 0.72% increase in his position.
• Global Water Resources missed quarterly expectations (EPS of -$0.01 vs. $0.04 expected; revenue $13.54M vs. $13.73M) and trades near its 52‑week low, with a market cap of roughly $212M and a PE of 73.6.
• The company declared a monthly dividend of $0.0253 (annualized yield ~4.1%) despite a 300% payout ratio, while sell‑side analysts hold a consensus "Reduce" rating with a $15 price target.

Global Water Resources, Inc. (NASDAQ:GWRS - Get Free Report) Director Andrew Cohn purchased 18,305 shares of Global Water Resources stock in a transaction dated Friday, March 13th. The stock was acquired at an average price of $7.20 per share, for a total transaction of $131,796.00. Following the completion of the acquisition, the director owned 2,560,984 shares of the company's stock, valued at approximately $18,439,084.80. This trade represents a 0.72% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Global Water Resources Trading Up 2.8%

GWRS traded up $0.20 during trading hours on Friday, reaching $7.36. 147,947 shares of the company's stock traded hands, compared to its average volume of 77,776. The firm has a 50-day moving average price of $8.67 and a 200 day moving average price of $9.21. Global Water Resources, Inc. has a 52-week low of $7.12 and a 52-week high of $11.39. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 1.54. The firm has a market capitalization of $211.67 million, a PE ratio of 73.61 and a beta of 0.96.

Global Water Resources (NASDAQ:GWRS - Get Free Report) last released its earnings results on Wednesday, March 4th. The utilities provider reported ($0.01) earnings per share for the quarter, missing analysts' consensus estimates of $0.04 by ($0.05). Global Water Resources had a return on equity of 4.73% and a net margin of 5.30%.The business had revenue of $13.54 million during the quarter, compared to analysts' expectations of $13.73 million. As a group, sell-side analysts predict 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 monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be issued a dividend of $0.0253 per share. The ex-dividend date is Tuesday, March 17th. This represents a c) dividend on an annualized basis and a yield of 4.1%. Global Water Resources's dividend payout ratio (DPR) is presently 300.00%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on GWRS. Weiss Ratings downgraded shares of Global Water Resources from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Friday, February 20th. Freedom Capital lowered Global Water Resources from a "strong-buy" rating to a "hold" rating in a report on Thursday, March 5th. Finally, Roth Mkm set a $15.00 price objective on Global Water Resources in a research note on Monday, November 17th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Global Water Resources currently has a consensus rating of "Reduce" and a consensus price target of $15.00.

Institutional Trading of Global Water Resources

Several institutional investors and hedge funds have recently made changes to their positions in the company. Police & Firemen s Retirement System of New Jersey bought a new position in Global Water Resources during the 2nd quarter worth about $27,000. Allworth Financial LP raised its holdings in shares of Global Water Resources by 75,025.0% in the 3rd quarter. Allworth Financial LP now owns 3,005 shares of the utilities provider's stock valued at $31,000 after purchasing an additional 3,001 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of Global Water Resources by 152.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 3,461 shares of the utilities provider's stock worth $36,000 after purchasing an additional 2,091 shares during the period. Tower Research Capital LLC TRC boosted its stake in shares of Global Water Resources by 258.9% during the second quarter. Tower Research Capital LLC TRC now owns 3,898 shares of the utilities provider's stock valued at $40,000 after purchasing an additional 2,812 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in shares of Global Water Resources by 120.9% during the third quarter. BNP Paribas Financial Markets now owns 4,753 shares of the utilities provider's stock valued at $49,000 after purchasing an additional 2,601 shares in the last quarter. 27.91% of the stock is currently owned by institutional investors.

About Global Water Resources

Global Water Resources, Inc NASDAQ: GWRS is a publicly traded holding company based in Scottsdale, Arizona, specializing in the ownership and management of water and wastewater utilities. The company provides critical potable water delivery, wastewater collection and treatment, and reclaimed water services to residential, commercial and industrial customers across select communities in Central and Southern Arizona.

The company operates multiple regulated utility systems, serving communities such as Anthem, Biltmore, Florence and San Tan Valley.

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