Clear Harbor Asset Management LLC Sells 3,200 Shares of Global Water Resources, Inc. (NASDAQ:GWRS)

Clear Harbor Asset Management LLC lessened its stake in shares of Global Water Resources, Inc. (NASDAQ:GWRS) by 19.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,150 shares of the utilities provider’s stock after selling 3,200 shares during the period. Clear Harbor Asset Management LLC owned 0.05% of Global Water Resources worth $151,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its position in shares of Global Water Resources by 151.9% in the third quarter. JPMorgan Chase & Co. now owns 20,954 shares of the utilities provider’s stock worth $264,000 after purchasing an additional 12,636 shares during the period. Dynamic Advisor Solutions LLC increased its holdings in Global Water Resources by 4.2% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 26,268 shares of the utilities provider’s stock valued at $331,000 after buying an additional 1,055 shares during the period. Avanza Fonder AB acquired a new position in shares of Global Water Resources in the 4th quarter valued at approximately $327,000. Barclays PLC boosted its position in shares of Global Water Resources by 89.3% during the 3rd quarter. Barclays PLC now owns 31,663 shares of the utilities provider’s stock worth $400,000 after acquiring an additional 14,936 shares in the last quarter. Finally, State Street Corp increased its stake in Global Water Resources by 0.7% in the third quarter. State Street Corp now owns 220,872 shares of the utilities provider’s stock valued at $2,781,000 after acquiring an additional 1,496 shares during the last quarter. 27.91% of the stock is owned by institutional investors and hedge funds.

Global Water Resources Stock Down 3.0 %

NASDAQ GWRS opened at $11.83 on Thursday. The business has a fifty day moving average price of $12.23 and a two-hundred day moving average price of $12.43. The stock has a market capitalization of $286.52 million, a PE ratio of 43.81, a PEG ratio of 2.70 and a beta of 0.99. 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 debt-to-equity ratio of 2.47, a current ratio of 1.62 and a quick ratio of 1.63.

Global Water Resources (NASDAQ:GWRS) last released its quarterly earnings data on Wednesday, November 6th. The utilities provider reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.01. Global Water Resources had a return on equity of 14.23% and a net margin of 12.52%. The business had revenue of $14.32 million for the quarter, compared to analyst estimates of $14.65 million. During the same period last year, the firm posted $0.11 earnings per share. Equities analysts expect that Global Water Resources, Inc. will post 0.28 earnings per share for the current fiscal year.

Global Water Resources Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be given a dividend of $0.0253 per share. This represents a $0.30 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date of this dividend is Friday, January 17th. Global Water Resources’s dividend payout ratio is 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.