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

Global Water Resources, Inc. (NASDAQ:GWRS) was the target of a large growth in short interest in January. As of January 15th, there was short interest totaling 245,176 shares, a growth of 55.4% from the December 31st total of 157,772 shares. Approximately 1.9% of the company’s shares are short sold. Based on an average trading volume of 64,415 shares, the short-interest ratio is presently 3.8 days. Based on an average trading volume of 64,415 shares, the short-interest ratio is presently 3.8 days. Approximately 1.9% of the company’s shares are short sold.

Hedge Funds Weigh In On Global Water Resources

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Police & Firemen s Retirement System of New Jersey purchased a new stake in Global Water Resources during the 2nd quarter valued at about $27,000. Allworth Financial LP boosted its position in Global Water Resources by 75,025.0% in the third quarter. Allworth Financial LP now owns 3,005 shares of the utilities provider’s stock valued at $31,000 after buying an additional 3,001 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in Global Water Resources by 152.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 3,461 shares of the utilities provider’s stock worth $36,000 after buying an additional 2,091 shares during the period. Tower Research Capital LLC TRC raised its position in Global Water Resources by 258.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,898 shares of the utilities provider’s stock worth $40,000 after buying an additional 2,812 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its stake in Global Water Resources by 120.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 4,753 shares of the utilities provider’s stock valued at $49,000 after acquiring an additional 2,601 shares during the period. Hedge funds and other institutional investors own 27.91% of the company’s stock.

Global Water Resources Stock Down 0.1%

GWRS traded down $0.01 on Friday, hitting $8.67. The company had a trading volume of 75,337 shares, compared to its average volume of 52,524. The stock has a market capitalization of $249.26 million, a price-to-earnings ratio of 54.19 and a beta of 0.96. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.18 and a current ratio of 1.18. The stock has a fifty day moving average price of $8.58 and a 200-day moving average price of $9.47. Global Water Resources has a 12-month low of $8.28 and a 12-month high of $11.84.

Global Water Resources (NASDAQ:GWRS) last issued its quarterly earnings data on Wednesday, November 12th. The utilities provider reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.02). The firm had revenue of $15.52 million during the quarter, compared to analysts’ expectations of $15.20 million. Global Water Resources had a return on equity of 6.84% and a net margin of 7.87%. Analysts predict that Global Water Resources will post 0.28 EPS for the current fiscal year.

Global Water Resources Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, January 30th. Investors of record on Friday, January 16th were paid a dividend of $0.0253 per share. This represents a c) annualized dividend and a yield of 3.5%. The ex-dividend date was Friday, January 16th. Global Water Resources’s payout ratio is 187.50%.

Wall Street Analysts Forecast Growth

GWRS has been the topic of several research analyst reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Global Water Resources in a research note on Thursday, January 22nd. Roth Mkm set a $15.00 target price on Global Water Resources in a report on Monday, November 17th. Finally, Wall Street Zen lowered Global Water Resources from a “hold” rating to a “sell” rating in a research note on Friday, October 3rd. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Global Water Resources currently has an average rating of “Hold” and an average price target of $15.00.

Global Water Resources Company Profile

Global Water Resources, Inc (NASDAQ:GWRS) is a publicly traded holding company based in Scottsdale, Arizona, specializing in the ownership and management of water and wastewater utilities. The company provides critical potable water delivery, wastewater collection and treatment, and reclaimed water services to residential, commercial and industrial customers across select communities in Central and Southern Arizona.

The company operates multiple regulated utility systems, serving communities such as Anthem, Biltmore, Florence and San Tan Valley.