131,396 Global Water Resources, Inc. $GWRS Shares Bought by TSP Capital Management Group LLC

TSP Capital Management Group LLC increased its holdings in shares of Global Water Resources, Inc. (NASDAQ:GWRS) by 9.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,471,701 shares of the utilities provider’s stock after acquiring an additional 131,396 shares during the quarter. Global Water Resources makes up about 3.0% of TSP Capital Management Group LLC’s holdings, making the stock its 16th largest position. TSP Capital Management Group LLC owned about 0.05% of Global Water Resources worth $11,700,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cullen Capital Management LLC bought a new position in Global Water Resources in the 2nd quarter valued at $242,000. Bank of New York Mellon Corp purchased a new stake in shares of Global Water Resources during the 2nd quarter valued at $253,000. Dynamic Advisor Solutions LLC raised its stake in shares of Global Water Resources by 4.0% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 55,785 shares of the utilities provider’s stock worth $404,000 after purchasing an additional 2,133 shares during the period. Heartland Advisors Inc. boosted its holdings in shares of Global Water Resources by 21.1% in the 1st quarter. Heartland Advisors Inc. now owns 831,100 shares of the utilities provider’s stock worth $6,308,000 after buying an additional 144,600 shares during the last quarter. Finally, North Star Investment Management Corp. boosted its holdings in shares of Global Water Resources by 36.5% in the 1st quarter. North Star Investment Management Corp. now owns 415,448 shares of the utilities provider’s stock worth $3,153,000 after buying an additional 111,000 shares during the last quarter. Hedge funds and other institutional investors own 27.91% of the company’s stock.

Global Water Resources Trading Up 1.9%

Shares of Global Water Resources stock opened at $8.09 on Friday. The stock has a market capitalization of $232.99 million, a P/E ratio of 88.22 and a beta of 0.95. Global Water Resources, Inc. has a 52-week low of $6.55 and a 52-week high of $10.96. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.68 and a current ratio of 0.68. The stock’s 50-day simple moving average is $8.48 and its 200 day simple moving average is $7.67.

Global Water Resources (NASDAQ:GWRS) last posted its quarterly earnings results on Thursday, August 13th. The utilities provider reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.01. The company had revenue of $17.77 million for the quarter, compared to analyst estimates of $14.93 million. Global Water Resources had a net margin of 5.22% and a return on equity of 3.05%. As a group, research analysts anticipate that Global Water Resources, Inc. will post 0.09 EPS for the current year.

Global Water Resources Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 16th will be issued a $0.0253 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Friday, October 16th. Global Water Resources’s dividend payout ratio is presently 272.73%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on GWRS shares. Wall Street Zen upgraded shares of Global Water Resources from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. Weiss Ratings raised shares of Global Water Resources from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, August 31st. Two analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $15.00.

Insider Activity at Global Water Resources

In other Global Water Resources news, Director Andrew Cohn purchased 139,343 shares of the stock in a transaction on Thursday, August 20th. The stock was acquired at an average cost of $8.85 per share, with a total value of $1,233,185.55. Following the completion of the purchase, the director directly owned 2,701,350 shares of the company’s stock, valued at approximately $23,906,947.50. This trade represents a 5.44% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 53.70% of the company’s stock.

Global Water Resources Profile

Global Water Resources, Inc (NASDAQ: GWRS) is a water resource management company that owns, operates and manages regulated water, wastewater and recycled water utilities. The company provides essential services to residential, commercial and industrial customers, with a focus on managing the entire water cycle within the communities it serves.

Global Water Resources operates primarily in the metropolitan Phoenix area and other growing communities in Arizona. Its services include potable water delivery, wastewater collection and treatment, water reuse, conservation programs, infrastructure maintenance and customer billing.