Analysts Anticipate Global Water Resources, Inc. (GWRS) to Post $0.04 EPS

Shares of Global Water Resources, Inc. (NASDAQ:GWRS) have received an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.

Analysts have set a twelve-month consensus price objective of $10.50 for the company and are predicting that the company will post $0.04 EPS for the current quarter, according to Zacks. Zacks has also given Global Water Resources an industry rank of 104 out of 265 based on the ratings given to its competitors.

A number of analysts recently weighed in on the company. Zacks Investment Research upgraded Global Water Resources from a “strong sell” rating to a “hold” rating in a research report on Monday, July 17th. Roth Capital set a $11.00 target price on Global Water Resources and gave the stock a “buy” rating in a research report on Saturday, May 27th.

In other Global Water Resources news, Director L Rita Theil sold 25,000 shares of Global Water Resources stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $9.23, for a total value of $230,750.00. Following the transaction, the director now directly owns 2,666 shares of the company’s stock, valued at approximately $24,607.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William S. Levine purchased 20,000 shares of the firm’s stock in a transaction on Tuesday, May 16th. The stock was bought at an average cost of $8.55 per share, for a total transaction of $171,000.00. The disclosure for this purchase can be found here. Insiders purchased a total of 20,501 shares of company stock valued at $175,824 in the last 90 days.

A number of institutional investors have recently made changes to their positions in GWRS. Bank of America Corp DE boosted its position in shares of Global Water Resources by 7.5% in the first quarter. Bank of America Corp DE now owns 16,708 shares of the utilities provider’s stock worth $145,000 after buying an additional 1,172 shares during the period. HighTower Advisors LLC bought a new position in shares of Global Water Resources during the first quarter worth approximately $171,000. Manchester Capital Management LLC bought a new position in shares of Global Water Resources during the first quarter worth approximately $432,000. Handelsbanken Fonder AB bought a new position in shares of Global Water Resources during the second quarter worth approximately $773,000. Finally, North Star Investment Management Corp. boosted its position in shares of Global Water Resources by 5.6% in the first quarter. North Star Investment Management Corp. now owns 93,775 shares of the utilities provider’s stock worth $816,000 after buying an additional 5,000 shares during the period. 16.77% of the stock is currently owned by institutional investors and hedge funds.

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Global Water Resources (GWRS) traded up 2.33% on Friday, hitting $9.66. The stock had a trading volume of 2,940 shares. The stock’s market capitalization is $189.15 million. The company has a 50-day moving average price of $9.73 and a 200-day moving average price of $8.98. Global Water Resources has a 1-year low of $7.36 and a 1-year high of $10.00.

The company also recently announced a monthly dividend, which will be paid on Thursday, August 31st. Investors of record on Thursday, August 17th will be given a $0.023 dividend. The ex-dividend date of this dividend is Tuesday, August 15th. This represents a $0.28 dividend on an annualized basis and a yield of 2.92%. Global Water Resources’s payout ratio is -215.38%.

About Global Water Resources

Global Water Resources, Inc is a water resource management company. The Company owns, operates and manages water, wastewater and recycled water utilities in strategically located communities, principally in metropolitan Phoenix, Arizona. The Company focuses on the issues of water supply and scarcity, and applies principles of water conservation through water reclamation and reuse.

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