Global Water Resources Inc (GWRS) Director Sells $89,547.00 in Stock
Global Water Resources Inc (NASDAQ:GWRS) Director Cindy M. Bowers sold 9,426 shares of the firm’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $9.50, for a total value of $89,547.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Shares of Global Water Resources stock traded up $0.04 during trading on Thursday, hitting $9.55. 7,071 shares of the company’s stock traded hands, compared to its average volume of 16,084. The company has a debt-to-equity ratio of 4.11, a current ratio of 1.81 and a quick ratio of 1.81. Global Water Resources Inc has a 1 year low of $8.63 and a 1 year high of $11.61. The stock has a market capitalization of $203.97 million, a PE ratio of 63.67, a price-to-earnings-growth ratio of 4.87 and a beta of -0.23.
The firm also recently disclosed a monthly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 15th will be given a dividend of $0.0239 per share. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $0.29 annualized dividend and a dividend yield of 3.00%. Global Water Resources’s dividend payout ratio (DPR) is presently 193.33%.
Separately, Zacks Investment Research upgraded Global Water Resources from a “sell” rating to a “hold” rating in a report on Friday, January 11th.
Global Water Resources Company Profile
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.
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