Trevor T. Hill Sells 3,206 Shares of Global Water Resources Inc (GWRS) Stock

Global Water Resources Inc (NASDAQ:GWRS) Director Trevor T. Hill sold 3,206 shares of the stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $9.76, for a total transaction of $31,290.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Shares of Global Water Resources Inc (NASDAQ GWRS) traded up $0.05 on Friday, hitting $9.73. 9,848 shares of the stock traded hands, compared to its average volume of 14,311. Global Water Resources Inc has a 12 month low of $7.90 and a 12 month high of $10.00. The company has a market capitalization of $191.01, a PE ratio of 121.63, a PEG ratio of 7.21 and a beta of 0.19. The company has a debt-to-equity ratio of 8.55, a current ratio of 1.21 and a quick ratio of 1.21.

The firm also recently announced a monthly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be issued a dividend of $0.0236 per share. The ex-dividend date of this dividend is Thursday, December 14th. This is a boost from Global Water Resources’s previous monthly dividend of $0.02. This represents a $0.28 annualized dividend and a dividend yield of 2.91%. Global Water Resources’s dividend payout ratio (DPR) is currently 350.04%.

Several institutional investors and hedge funds have recently made changes to their positions in the company. California State Teachers Retirement System increased its holdings in shares of Global Water Resources by 6.5% during the second quarter. California State Teachers Retirement System now owns 17,958 shares of the utilities provider’s stock worth $178,000 after purchasing an additional 1,100 shares during the period. Bank of America Corp DE increased its holdings in shares of Global Water Resources by 7.5% during the first quarter. Bank of America Corp DE now owns 16,708 shares of the utilities provider’s stock worth $145,000 after purchasing an additional 1,172 shares during the period. Bard Associates Inc. increased its holdings in shares of Global Water Resources by 1.0% during the second quarter. Bard Associates Inc. now owns 203,325 shares of the utilities provider’s stock worth $2,013,000 after purchasing an additional 2,000 shares during the period. ELCO Management Co. LLC increased its holdings in shares of Global Water Resources by 13.0% during the second quarter. ELCO Management Co. LLC now owns 17,659 shares of the utilities provider’s stock worth $175,000 after purchasing an additional 2,034 shares during the period. Finally, TIAA CREF Investment Management LLC increased its holdings in shares of Global Water Resources by 10.2% during the second quarter. TIAA CREF Investment Management LLC now owns 27,350 shares of the utilities provider’s stock worth $271,000 after purchasing an additional 2,522 shares during the period. 16.97% of the stock is currently owned by institutional investors.

Several research firms have weighed in on GWRS. Roth Capital set a $11.00 price target on shares of Global Water Resources and gave the company a “buy” rating in a report on Wednesday, August 9th. Zacks Investment Research cut shares of Global Water Resources from a “hold” rating to a “sell” rating in a report on Friday, August 11th.

TRADEMARK VIOLATION NOTICE: “Trevor T. Hill Sells 3,206 Shares of Global Water Resources Inc (GWRS) Stock” was originally reported by Community Financial News and is the sole property of of Community Financial News. If you are reading this article on another site, it was illegally copied and republished in violation of US and international copyright and trademark law. The correct version of this article can be viewed at https://www.com-unik.info/2017/12/03/trevor-t-hill-sells-3206-shares-of-global-water-resources-inc-gwrs-stock.html.

Global Water Resources Company Profile

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.

Insider Buying and Selling by Quarter for Global Water Resources (NASDAQ:GWRS)

What are top analysts saying about Global Water Resources Inc? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Global Water Resources Inc and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit