Rhumbline Advisers Has $181,000 Stock Position in Global Water Resources, Inc. (NASDAQ:GWRS)

Rhumbline Advisers grew its position in Global Water Resources, Inc. (NASDAQ:GWRS) by 12.0% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 17,595 shares of the utilities provider’s stock after buying an additional 1,884 shares during the period. Rhumbline Advisers’ holdings in Global Water Resources were worth $181,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Gitterman Wealth Management LLC acquired a new stake in shares of Global Water Resources in the 4th quarter valued at $123,000. Deutsche Bank AG increased its stake in shares of Global Water Resources by 4,273.8% in the 4th quarter. Deutsche Bank AG now owns 15,002 shares of the utilities provider’s stock valued at $173,000 after buying an additional 14,659 shares during the period. Ameriprise Financial Inc. increased its stake in shares of Global Water Resources by 7.0% in the 4th quarter. Ameriprise Financial Inc. now owns 20,210 shares of the utilities provider’s stock valued at $232,000 after buying an additional 1,327 shares during the period. Bank of America Corp DE increased its stake in shares of Global Water Resources by 61.8% in the 4th quarter. Bank of America Corp DE now owns 24,539 shares of the utilities provider’s stock valued at $282,000 after buying an additional 9,370 shares during the period. Finally, Millennium Management LLC increased its stake in shares of Global Water Resources by 87.8% in the 4th quarter. Millennium Management LLC now owns 27,067 shares of the utilities provider’s stock valued at $311,000 after buying an additional 12,654 shares during the period. 27.91% of the stock is owned by institutional investors and hedge funds.

Global Water Resources Stock Down 3.7%

Shares of Global Water Resources stock opened at $10.21 on Thursday. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 1.54. Global Water Resources, Inc. has a 12 month low of $9.37 and a 12 month high of $13.98. The business has a fifty day simple moving average of $10.33 and a 200 day simple moving average of $10.96. The stock has a market cap of $280.26 million, a PE ratio of 44.39, a price-to-earnings-growth ratio of 3.29 and a beta of 1.04.

Global Water Resources (NASDAQ:GWRS) last announced its quarterly earnings data on Wednesday, May 14th. The utilities provider reported $0.02 EPS for the quarter, hitting analysts’ consensus estimates of $0.02. Global Water Resources had a return on equity of 11.27% and a net margin of 10.63%. The business had revenue of $12.46 million during the quarter, compared to analysts’ expectations of $12.00 million. Research analysts predict that Global Water Resources, Inc. will post 0.28 EPS for the current year.

Global Water Resources Dividend Announcement

The business also recently disclosed a jun 25 dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be paid a dividend of $0.0253 per share. The ex-dividend date is Monday, June 16th. This represents a dividend yield of 3%. Global Water Resources’s dividend payout ratio (DPR) is presently 130.43%.

Analysts Set New Price Targets

Separately, Wall Street Zen raised Global Water Resources from a “sell” rating to a “hold” rating in a research note on Thursday, May 22nd.

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.