Global Water Resources, Inc. (NASDAQ:GWRS) Short Interest Update

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

Global Water Resources Stock Up 0.5 %

GWRS stock opened at $11.50 on Thursday. The company has a current ratio of 1.62, a quick ratio of 1.63 and a debt-to-equity ratio of 2.47. The firm has a 50 day simple moving average of $12.54 and a 200-day simple moving average of $12.47. The company has a market capitalization of $278.55 million, a P/E ratio of 42.59, a PEG ratio of 2.95 and a beta of 0.96. Global Water Resources has a twelve month low of $11.24 and a twelve month high of $13.98.

Global Water Resources (NASDAQ:GWRS) last announced its quarterly earnings data on Wednesday, November 6th. The utilities provider reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.01. The company 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. On average, equities research analysts predict that Global Water Resources will post 0.28 earnings per share for the current fiscal year.

Global Water Resources Announces Dividend

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

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of GWRS. Commonwealth Equity Services LLC acquired a new stake in shares of Global Water Resources during the 2nd quarter valued at approximately $857,000. Barclays PLC increased its stake in Global Water Resources by 89.3% during the third 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 during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Global Water Resources by 151.9% during the third quarter. JPMorgan Chase & Co. now owns 20,954 shares of the utilities provider’s stock worth $264,000 after purchasing an additional 12,636 shares during the period. Geode Capital Management LLC lifted its position in shares of Global Water Resources by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 272,509 shares of the utilities provider’s stock worth $3,431,000 after buying an additional 8,593 shares during the last quarter. Finally, Panagora Asset Management Inc. boosted its holdings in shares of Global Water Resources by 9.1% in the 2nd quarter. Panagora Asset Management Inc. now owns 96,088 shares of the utilities provider’s stock valued at $1,163,000 after buying an additional 8,033 shares during the period. Institutional investors own 27.91% of the company’s stock.

About Global Water Resources

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.