Global Water Resources, Inc. (NASDAQ:GWRS) Stock Holdings Increased by Dynamic Advisor Solutions LLC

Dynamic Advisor Solutions LLC raised its holdings in shares of Global Water Resources, Inc. (NASDAQ:GWRS) by 6.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 27,945 shares of the utilities provider’s stock after buying an additional 1,677 shares during the period. Dynamic Advisor Solutions LLC’s holdings in Global Water Resources were worth $321,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its position in shares of Global Water Resources by 151.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 20,954 shares of the utilities provider’s stock valued at $264,000 after acquiring an additional 12,636 shares during the last quarter. Avanza Fonder AB purchased a new stake in shares of Global Water Resources during the fourth quarter valued at $327,000. Wesbanco Bank Inc. purchased a new stake in shares of Global Water Resources during the fourth quarter valued at $356,000. Barclays PLC boosted its position in shares of Global Water Resources by 89.3% in the 3rd quarter. Barclays PLC now owns 31,663 shares of the utilities provider’s stock valued at $400,000 after purchasing an additional 14,936 shares during the period. Finally, State Street Corp increased its stake in Global Water Resources by 0.7% in the 3rd quarter. State Street Corp now owns 220,872 shares of the utilities provider’s stock worth $2,781,000 after purchasing an additional 1,496 shares in the last quarter. Institutional investors and hedge funds own 27.91% of the company’s stock.

Global Water Resources Price Performance

GWRS stock opened at $11.90 on Wednesday. Global Water Resources, Inc. has a one year low of $11.05 and a one year high of $13.98. The firm has a 50-day moving average of $12.15 and a two-hundred day moving average of $12.43. The firm has a market capitalization of $288.22 million, a PE ratio of 44.07, a P/E/G ratio of 2.67 and a beta of 0.99. The company has a current ratio of 1.62, a quick ratio of 1.63 and a debt-to-equity ratio of 2.47.

Global Water Resources (NASDAQ:GWRS) last issued its quarterly earnings results on Wednesday, November 6th. The utilities provider reported $0.12 EPS for the quarter, beating the consensus estimate of $0.11 by $0.01. Global Water Resources had a net margin of 12.52% and a return on equity of 14.23%. The business had revenue of $14.32 million during the quarter, compared to the consensus estimate of $14.65 million. During the same quarter in the prior year, the firm earned $0.11 EPS. On average, analysts forecast that Global Water Resources, Inc. will post 0.28 earnings per share for the current year.

Global Water Resources Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be issued a dividend of $0.0253 per share. The ex-dividend date is Friday, January 17th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.55%. Global Water Resources’s dividend payout ratio is 111.11%.

Global Water Resources 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.