Handelsbanken Fonder AB Acquires 10,000 Shares of Global Water Resources, Inc. (NASDAQ:GWRS)

Handelsbanken Fonder AB lifted its holdings in shares of Global Water Resources, Inc. (NASDAQ:GWRS) by 0.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,370,000 shares of the utilities provider’s stock after acquiring an additional 10,000 shares during the period. Handelsbanken Fonder AB owned approximately 5.66% of Global Water Resources worth $15,755,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. State Street Corp lifted its holdings in Global Water Resources by 0.7% during the 3rd quarter. State Street Corp now owns 220,872 shares of the utilities provider’s stock valued at $2,781,000 after purchasing an additional 1,496 shares during the last quarter. Barclays PLC lifted its holdings in Global Water Resources by 89.3% during the 3rd 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 last quarter. Geode Capital Management LLC lifted its holdings in Global Water Resources by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 272,509 shares of the utilities provider’s stock valued at $3,431,000 after purchasing an additional 8,593 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Global Water Resources by 151.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 20,954 shares of the utilities provider’s stock valued at $264,000 after purchasing an additional 12,636 shares during the last quarter. Finally, Avanza Fonder AB bought a new position in Global Water Resources during the 4th quarter valued at about $327,000. 27.91% of the stock is owned by institutional investors.

Global Water Resources Trading Down 0.5 %

Shares of GWRS stock opened at $11.14 on Friday. Global Water Resources, Inc. has a 12-month low of $11.05 and a 12-month high of $13.98. The company has a market capitalization of $269.81 million, a P/E ratio of 41.26, a P/E/G ratio of 2.55 and a beta of 0.99. The firm has a 50-day moving average price of $11.62 and a 200 day moving average price of $12.26. The company has a quick ratio of 1.63, a current ratio of 1.62 and a debt-to-equity ratio of 2.47.

Global Water Resources Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a dividend of $0.0253 per share. This represents a $0.30 annualized dividend and a yield of 2.73%. The ex-dividend date of this dividend is Friday, February 14th. 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.