Trade Report: Today, Insider Buying: Global Water Resources Inc. (GWRS) Director Acquires $78,100.00 in Stock

Today, Insider Buying: Global Water Resources Inc. (GWRS) Director Acquires $78,100.00 in Stock

Global Water Resources Inc. (NASDAQ:GWRS) Director William S. Levine acquired 10,000 shares of the company’s stock in a transaction dated Tuesday, October 11th. The stock was acquired at an average cost of $7.81 per share, for a total transaction of $78,100.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of Global Water Resources Inc. (NASDAQ:GWRS) opened at 7.84 on Monday. The stock has a market capitalization of $150.31 million and a P/E ratio of 8.07. The stock has a 50 day moving average of $7.88 and a 200 day moving average of $7.86. Global Water Resources Inc. has a 12-month low of $6.23 and a 12-month high of $9.18.

Global Water Resources (NASDAQ:GWRS) last issued its quarterly earnings results on Thursday, August 11th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by $0.21.

The firm also recently declared a monthly dividend, which will be paid on Monday, October 31st. Stockholders of record on Monday, October 17th will be given a dividend of $0.022 per share. The ex-dividend date of this dividend is Thursday, October 13th. This represents a $0.26 annualized dividend and a dividend yield of 3.37%.

Several analysts have recently commented on GWRS shares. Zacks Investment Research raised shares of Global Water Resources from a “hold” rating to a “buy” rating and set a $9.25 price objective on the stock in a report on Tuesday, August 2nd. Roth Capital reaffirmed a “buy” rating on shares of Global Water Resources in a report on Saturday, July 9th.

Several hedge funds have recently modified their holdings of the company. Royal Bank of Canada purchased a new stake in shares of Global Water Resources during the second quarter valued at $244,000. Schwab Charles Investment Management Inc. purchased a new stake in shares of Global Water Resources during the second quarter valued at $132,000. Diker Management LLC purchased a new stake in shares of Global Water Resources during the second quarter valued at $416,000. State Street Corp purchased a new stake in shares of Global Water Resources during the second quarter valued at $456,000. Finally, Spark Investment Management LLC purchased a new stake in shares of Global Water Resources during the second quarter valued at $231,000. 14.53% of the stock is currently owned by institutional investors and hedge funds.

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