Handelsbanken Fonder AB Reduces Holdings in Global Water Resources, Inc. (NASDAQ:GWRS)

Handelsbanken Fonder AB decreased its holdings in Global Water Resources, Inc. (NASDAQ:GWRS) by 4.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,350,000 shares of the utilities provider’s stock after selling 60,000 shares during the quarter. Handelsbanken Fonder AB owned 5.59% of Global Water Resources worth $17,658,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. DekaBank Deutsche Girozentrale purchased a new position in shares of Global Water Resources in the fourth quarter worth approximately $423,000. CWM LLC boosted its holdings in shares of Global Water Resources by 107,860.0% in the third quarter. CWM LLC now owns 10,796 shares of the utilities provider’s stock worth $105,000 after buying an additional 10,786 shares during the last quarter. Panagora Asset Management Inc. boosted its holdings in shares of Global Water Resources by 36.1% in the third quarter. Panagora Asset Management Inc. now owns 80,150 shares of the utilities provider’s stock worth $781,000 after buying an additional 21,276 shares during the last quarter. North Star Investment Management Corp. boosted its holdings in shares of Global Water Resources by 23.5% in the fourth quarter. North Star Investment Management Corp. now owns 202,793 shares of the utilities provider’s stock worth $2,653,000 after buying an additional 38,558 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC boosted its holdings in shares of Global Water Resources by 5.8% in the third quarter. Dynamic Advisor Solutions LLC now owns 25,548 shares of the utilities provider’s stock worth $249,000 after buying an additional 1,395 shares during the last quarter. Hedge funds and other institutional investors own 27.91% of the company’s stock.

Global Water Resources Stock Performance

GWRS opened at $12.20 on Tuesday. Global Water Resources, Inc. has a 12-month low of $9.34 and a 12-month high of $13.43. The company has a market cap of $294.87 million, a price-to-earnings ratio of 36.97, a PEG ratio of 2.68 and a beta of 0.97. The company’s 50 day moving average is $12.57 and its 200 day moving average is $12.03. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 2.16.

Global Water Resources (NASDAQ:GWRS) last released its earnings results on Wednesday, March 6th. The utilities provider reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.02. Global Water Resources had a net margin of 15.05% and a return on equity of 13.64%. The company had revenue of $12.37 million for the quarter, compared to analysts’ expectations of $12.00 million. During the same quarter last year, the business earned $0.04 EPS. On average, equities research analysts predict that Global Water Resources, Inc. will post 0.31 EPS for the current year.

Global Water Resources Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 16th will be paid a dividend of $0.025 per share. This represents a $0.30 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date is Monday, April 15th. Global Water Resources’s payout ratio is 90.91%.

Global Water Resources 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.