Granite Investment Partners LLC Takes Position in Global Water Resources Inc (GWRS)

Share on StockTwits

Granite Investment Partners LLC bought a new stake in Global Water Resources Inc (NASDAQ:GWRS) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 41,090 shares of the utilities provider’s stock, valued at approximately $417,000.

Other hedge funds have also modified their holdings of the company. New York State Common Retirement Fund boosted its holdings in shares of Global Water Resources by 93.4% in the 4th quarter. New York State Common Retirement Fund now owns 5,799 shares of the utilities provider’s stock valued at $59,000 after purchasing an additional 2,800 shares in the last quarter. Rhumbline Advisers acquired a new stake in shares of Global Water Resources in the 4th quarter valued at $135,000. Handelsinvest Investeringsforvaltning acquired a new stake in shares of Global Water Resources in the 4th quarter valued at $446,000. Penn Capital Management Co. Inc. acquired a new stake in shares of Global Water Resources in the 3rd quarter valued at $652,000. Finally, Manatuck Hill Partners LLC acquired a new stake in shares of Global Water Resources in the 3rd quarter valued at $900,000. 29.23% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ GWRS opened at $9.51 on Thursday. The company has a debt-to-equity ratio of 4.11, a quick ratio of 1.81 and a current ratio of 1.81. Global Water Resources Inc has a twelve month low of $8.63 and a twelve month high of $11.61. The firm has a market cap of $203.98 million, a P/E ratio of 63.40, a PEG ratio of 4.87 and a beta of -0.23.

The company also recently disclosed a monthly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 15th will be issued a dividend of $0.0239 per share. This represents a $0.29 annualized dividend and a dividend yield of 3.01%. The ex-dividend date of this dividend is Thursday, March 14th. Global Water Resources’s dividend payout ratio (DPR) is 193.33%.

Separately, Zacks Investment Research downgraded Global Water Resources from a “buy” rating to a “hold” rating in a report on Wednesday, November 14th.

COPYRIGHT VIOLATION NOTICE: “Granite Investment Partners LLC Takes Position in Global Water Resources Inc (GWRS)” was first posted by Zolmax and is the sole property of of Zolmax. If you are accessing this story on another publication, it was stolen and reposted in violation of United States and international copyright legislation. The correct version of this story can be accessed at https://zolmax.com/investing/granite-investment-partners-llc-takes-position-in-global-water-resources-inc-gwrs/2961807.html.

About Global Water Resources

Global Water Resources, Inc, a water resource management company, owns, operates, and manages regulated water, wastewater, and recycled water utilities primarily in metropolitan Phoenix, Arizona. As of December 31, 2017, it served approximately 51,000 people in approximately 20,000 homes. The company was founded in 2003 and is based in Phoenix, Arizona.

Featured Story: Cost of equity and a company’s balance sheet

Want to see what other hedge funds are holding GWRS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Global Water Resources Inc (NASDAQ:GWRS).

Institutional Ownership by Quarter for Global Water Resources (NASDAQ:GWRS)

Receive News & Ratings for Global Water Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Global Water Resources and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Loxo Oncology Inc  Stake Boosted by Legal & General Group Plc
Loxo Oncology Inc Stake Boosted by Legal & General Group Plc
Contrasting Magnachip Semiconductor  and TranSwitch
Contrasting Magnachip Semiconductor and TranSwitch
BOK Financial  & Hawthorn Bancshares  Head-To-Head Comparison
BOK Financial & Hawthorn Bancshares Head-To-Head Comparison
Oxford Instruments plc  Given Consensus Rating of “Buy” by Brokerages
Oxford Instruments plc Given Consensus Rating of “Buy” by Brokerages
Brixmor Property Group Inc  Receives Average Recommendation of “Hold” from Brokerages
Brixmor Property Group Inc Receives Average Recommendation of “Hold” from Brokerages
Halfords Group plc  Given Average Rating of “Hold” by Brokerages
Halfords Group plc Given Average Rating of “Hold” by Brokerages


 
© 2006-2019 Zolmax.