Global Water Resources, Inc. (NASDAQ:GWRS) Shares Sold by Bard Associates Inc.

Bard Associates Inc. trimmed its position in shares of Global Water Resources, Inc. (NASDAQ:GWRS) by 1.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 165,739 shares of the utilities provider’s stock after selling 2,895 shares during the period. Bard Associates Inc.’s holdings in Global Water Resources were worth $1,906,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. raised its holdings in shares of Global Water Resources by 151.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 20,954 shares of the utilities provider’s stock valued at $264,000 after buying an additional 12,636 shares during the period. Dynamic Advisor Solutions LLC increased its stake in Global Water Resources by 6.4% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 27,945 shares of the utilities provider’s stock worth $321,000 after purchasing an additional 1,677 shares during the period. Avanza Fonder AB purchased a new stake in Global Water Resources during the fourth quarter worth about $327,000. Wesbanco Bank Inc. acquired a new stake in shares of Global Water Resources during the fourth quarter worth about $356,000. Finally, Barclays PLC boosted its stake in shares of Global Water Resources by 89.3% in 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 period. 27.91% of the stock is currently owned by hedge funds and other institutional investors.

Global Water Resources Trading Down 1.2 %

Shares of GWRS stock opened at $11.34 on Tuesday. Global Water Resources, Inc. has a fifty-two week low of $11.05 and a fifty-two week high of $13.98. The company has a 50 day moving average price of $11.53 and a 200 day moving average price of $12.24. The stock has a market capitalization of $274.68 million, a P/E ratio of 42.00, a price-to-earnings-growth ratio of 2.53 and a beta of 0.99. 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 Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a dividend of $0.0253 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date of this dividend is Monday, March 17th. Global Water Resources’s dividend payout ratio is currently 111.11%.

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.