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 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.
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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.
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