Global Water Resources, Inc. (NASDAQ:GWRS) Sees Large Growth in Short Interest

Global Water Resources, Inc. (NASDAQ:GWRS) saw a large increase in short interest in November. As of November 15th, there was short interest totalling 92,600 shares, an increase of 7.3% from the October 31st total of 86,300 shares. Currently, 0.8% of the company’s stock are short sold. Based on an average trading volume of 22,600 shares, the days-to-cover ratio is presently 4.1 days.

Global Water Resources Stock Down 1.2 %

NASDAQ:GWRS opened at $12.89 on Thursday. The firm has a market cap of $312.22 million, a P/E ratio of 47.74, a P/E/G ratio of 3.15 and a beta of 0.96. The company has a debt-to-equity ratio of 2.47, a quick ratio of 1.63 and a current ratio of 1.62. Global Water Resources has a fifty-two week low of $11.41 and a fifty-two week high of $13.98. The firm has a 50-day simple moving average of $12.73 and a two-hundred day simple moving average of $12.54.

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

Global Water Resources Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 16th will be paid a dividend of $0.0253 per share. This is a positive change from Global Water Resources’s previous monthly dividend of $0.02. This represents a $0.30 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date is Monday, December 16th. Global Water Resources’s dividend payout ratio (DPR) is currently 111.11%.

Institutional Trading of Global Water Resources

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Barclays PLC increased its stake in Global Water Resources by 89.3% during 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 in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Global Water Resources by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 272,509 shares of the utilities provider’s stock valued at $3,431,000 after acquiring an additional 8,593 shares during the last quarter. State Street Corp boosted its holdings in shares of Global Water Resources by 0.7% during the 3rd quarter. State Street Corp now owns 220,872 shares of the utilities provider’s stock valued at $2,781,000 after acquiring an additional 1,496 shares during the last quarter. Dynamic Advisor Solutions LLC boosted its holdings in shares of Global Water Resources by 4.2% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 26,268 shares of the utilities provider’s stock valued at $331,000 after acquiring an additional 1,055 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in shares of Global Water Resources by 2.6% during the 2nd quarter. Renaissance Technologies LLC now owns 240,447 shares of the utilities provider’s stock valued at $2,909,000 after acquiring an additional 6,000 shares during the last quarter. 27.91% of the stock is currently owned by institutional investors.

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.