DekaBank Deutsche Girozentrale Invests $423,000 in Global Water Resources, Inc. (NASDAQ:GWRS)

DekaBank Deutsche Girozentrale bought a new position in Global Water Resources, Inc. (NASDAQ:GWRS) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 32,500 shares of the utilities provider’s stock, valued at approximately $423,000. DekaBank Deutsche Girozentrale owned 0.13% of Global Water Resources as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. UBS Group AG lifted its stake in shares of Global Water Resources by 2.6% in the first quarter. UBS Group AG now owns 38,307 shares of the utilities provider’s stock valued at $476,000 after purchasing an additional 953 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Global Water Resources by 4.1% in the first quarter. Goldman Sachs Group Inc. now owns 28,485 shares of the utilities provider’s stock valued at $474,000 after purchasing an additional 1,123 shares during the period. Tower Research Capital LLC TRC lifted its stake in shares of Global Water Resources by 160.8% in the first quarter. Tower Research Capital LLC TRC now owns 1,998 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 1,232 shares during the period. Dynamic Advisor Solutions LLC lifted its stake in shares of Global Water Resources by 5.8% in the third quarter. Dynamic Advisor Solutions LLC now owns 25,548 shares of the utilities provider’s stock valued at $249,000 after purchasing an additional 1,395 shares during the period. Finally, BNP Paribas Arbitrage SNC lifted its stake in shares of Global Water Resources by 47.1% in the third quarter. BNP Paribas Arbitrage SNC now owns 4,612 shares of the utilities provider’s stock valued at $54,000 after purchasing an additional 1,477 shares during the period. Institutional investors and hedge funds own 27.91% of the company’s stock.

Global Water Resources Stock Performance

NASDAQ:GWRS opened at $12.01 on Tuesday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 2.16. The firm has a 50-day moving average price of $12.61 and a two-hundred day moving average price of $11.94. Global Water Resources, Inc. has a twelve month low of $9.34 and a twelve month high of $13.43. The company has a market capitalization of $290.34 million, a P/E ratio of 36.39, a price-to-earnings-growth ratio of 2.62 and a beta of 0.97.

Global Water Resources (NASDAQ:GWRS) last posted its earnings results on Wednesday, March 6th. The utilities provider reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.02. The firm had revenue of $12.37 million during the quarter, compared to the consensus estimate of $12.00 million. Global Water Resources had a net margin of 15.05% and a return on equity of 13.64%. During the same period last year, the firm posted $0.04 EPS. As a group, research analysts expect that Global Water Resources, Inc. will post 0.31 earnings per share for the current fiscal year.

Global Water Resources Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 16th will be issued a $0.025 dividend. The ex-dividend date is Monday, April 15th. This represents a $0.30 dividend on an annualized basis and a yield of 2.50%. Global Water Resources’s payout ratio is 90.91%.

Global Water Resources 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.