Short Interest in Global Water Resources, Inc. (NASDAQ:GWRS) Grows By 7.2%

Global Water Resources, Inc. (NASDAQ:GWRS) was the target of a significant growth in short interest in the month of December. As of December 15th, there was short interest totalling 101,400 shares, a growth of 7.2% from the November 30th total of 94,600 shares. Approximately 0.9% of the company’s shares are short sold. Based on an average daily trading volume, of 25,100 shares, the short-interest ratio is presently 4.0 days.

Institutional Investors Weigh In On Global Water Resources

Several hedge funds have recently bought and sold shares of the company. State Street Corp grew its holdings in shares of Global Water Resources by 0.7% in the 3rd quarter. State Street Corp now owns 220,872 shares of the utilities provider’s stock valued at $2,781,000 after buying an additional 1,496 shares during the period. Dynamic Advisor Solutions LLC lifted its holdings in Global Water Resources by 4.2% during the third quarter. Dynamic Advisor Solutions LLC now owns 26,268 shares of the utilities provider’s stock worth $331,000 after acquiring an additional 1,055 shares in the last quarter. Panagora Asset Management Inc. grew its stake in 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 valued at $1,163,000 after acquiring an additional 8,033 shares during the period. Commonwealth Equity Services LLC bought a new stake in shares of Global Water Resources in the second quarter worth about $857,000. Finally, Renaissance Technologies LLC raised its position in shares of Global Water Resources by 2.6% during the second quarter. Renaissance Technologies LLC now owns 240,447 shares of the utilities provider’s stock worth $2,909,000 after purchasing an additional 6,000 shares during the period. 27.91% of the stock is currently owned by institutional investors and hedge funds.

Global Water Resources Trading Up 0.5 %

Shares of NASDAQ:GWRS traded up $0.06 during midday trading on Wednesday, hitting $11.50. The company had a trading volume of 25,649 shares, compared to its average volume of 24,828. 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 has a 12 month low of $11.24 and a 12 month high of $13.98. The firm has a fifty day simple moving average of $12.54 and a 200 day simple moving average of $12.47. The stock has a market cap of $278.55 million, a price-to-earnings ratio of 42.59, a PEG ratio of 2.95 and a beta of 0.96.

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

Global Water Resources Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be issued a dividend of $0.0253 per share. This represents a $0.30 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date of this dividend is Friday, January 17th. Global Water Resources’s dividend payout ratio is currently 111.11%.

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.