Global Water Resources, Inc. (NASDAQ:GWRS) Sees Large Decline in Short Interest

Global Water Resources, Inc. (NASDAQ:GWRS - Get Free Report) saw a significant drop in short interest in March. As of March 31st, there was short interest totalling 90,900 shares, a drop of 7.7% from the March 15th total of 98,500 shares. Currently, 0.8% of the company's stock are sold short. Based on an average trading volume of 25,700 shares, the short-interest ratio is presently 3.5 days.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. CWM LLC lifted its stake in shares of Global Water Resources by 107,860.0% during the 3rd quarter. CWM LLC now owns 10,796 shares of the utilities provider's stock valued at $105,000 after buying an additional 10,786 shares in the last quarter. Handelsbanken Fonder AB lifted its stake in Global Water Resources by 33.0% in the 3rd quarter. Handelsbanken Fonder AB now owns 1,410,000 shares of the utilities provider's stock worth $13,748,000 after purchasing an additional 350,000 shares in the last quarter. Panagora Asset Management Inc. lifted its stake in Global Water Resources by 36.1% in the 3rd quarter. Panagora Asset Management Inc. now owns 80,150 shares of the utilities provider's stock worth $781,000 after purchasing an additional 21,276 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in Global Water Resources in the 4th quarter worth $423,000. Finally, Dynamic Advisor Solutions LLC lifted its stake in Global Water Resources by 5.8% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 25,548 shares of the utilities provider's stock worth $249,000 after purchasing an additional 1,395 shares in the last quarter. Hedge funds and other institutional investors own 27.91% of the company's stock.

Global Water Resources Stock Performance

NASDAQ:GWRS traded up $0.11 during trading hours on Tuesday, reaching $12.12. The company had a trading volume of 15,553 shares, compared to its average volume of 26,009. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 2.16. Global Water Resources has a 52 week low of $9.34 and a 52 week high of $13.43. The firm has a market cap of $292.94 million, a price-to-earnings ratio of 36.40, a PEG ratio of 2.62 and a beta of 0.97. The firm's 50 day moving average price is $12.61 and its 200-day moving average price is $11.94.

Global Water Resources (NASDAQ:GWRS - Get Free Report) last posted its earnings results on Wednesday, March 6th. The utilities provider reported $0.07 EPS for the quarter, topping analysts' consensus estimates of $0.05 by $0.02. Global Water Resources had a net margin of 15.05% and a return on equity of 13.64%. The business had revenue of $12.37 million during the quarter, compared to the consensus estimate of $12.00 million. During the same quarter in the previous year, the firm posted $0.04 EPS. On average, analysts forecast that Global Water Resources will post 0.31 EPS for the current year.

Global Water Resources Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 16th will be paid a dividend of $0.025 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date is Monday, April 15th. Global Water Resources's dividend payout ratio (DPR) is 90.91%.

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.

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