Renaissance Technologies LLC Grows Position in Global Water Resources, Inc. (NASDAQ:GWRS)

Renaissance Technologies LLC raised its holdings in shares of Global Water Resources, Inc. (NASDAQ:GWRS) by 2.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 240,447 shares of the utilities provider’s stock after purchasing an additional 6,000 shares during the quarter. Renaissance Technologies LLC’s holdings in Global Water Resources were worth $2,909,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Global Water Resources by 1.3% during the first quarter. Vanguard Group Inc. now owns 678,279 shares of the utilities provider’s stock valued at $8,709,000 after purchasing an additional 8,960 shares during the last quarter. Panagora Asset Management Inc. lifted its holdings in shares of Global Water Resources by 9.1% in the second quarter. Panagora Asset Management Inc. now owns 96,088 shares of the utilities provider’s stock worth $1,163,000 after buying an additional 8,033 shares in the last quarter. Commonwealth Equity Services LLC purchased a new stake in Global Water Resources in the second quarter valued at approximately $857,000. Finally, North Star Investment Management Corp. raised its stake in Global Water Resources by 15.8% in the first quarter. North Star Investment Management Corp. now owns 234,893 shares of the utilities provider’s stock valued at $3,016,000 after purchasing an additional 32,100 shares in the last quarter. 27.91% of the stock is owned by hedge funds and other institutional investors.

Global Water Resources Trading Down 0.1 %

Shares of GWRS opened at $12.59 on Tuesday. Global Water Resources, Inc. has a 1-year low of $9.34 and a 1-year high of $13.42. The company has a debt-to-equity ratio of 2.53, a current ratio of 1.86 and a quick ratio of 1.86. The firm’s 50 day simple moving average is $12.54 and its 200 day simple moving average is $12.48. The company has a market capitalization of $304.38 million, a P/E ratio of 48.35, a P/E/G ratio of 3.18 and a beta of 0.97.

Global Water Resources (NASDAQ:GWRS) last issued its quarterly earnings results on Wednesday, August 7th. The utilities provider reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). Global Water Resources had a net margin of 11.91% and a return on equity of 13.45%. The business had revenue of $13.51 million for the quarter, compared to the consensus estimate of $13.60 million. During the same quarter in the previous year, the business earned $0.07 earnings per share. Sell-side analysts forecast that Global Water Resources, Inc. will post 0.27 earnings per share for the current fiscal year.

Global Water Resources Announces Dividend

The company also recently announced a monthly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were issued a $0.025 dividend. This represents a $0.30 annualized dividend and a dividend yield of 2.38%. The ex-dividend date of this dividend was Monday, September 16th. Global Water Resources’s dividend payout ratio is 115.38%.

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.