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%.

Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc boosted its position in shares of Global Water Resources by 7.2% during the third quarter. Vanguard Group Inc now owns 383,462 shares of the utilities provider’s stock valued at $4,061,000 after buying an additional 25,649 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of Global Water Resources by 15.5% during the third quarter. Renaissance Technologies LLC now owns 174,147 shares of the utilities provider’s stock valued at $1,844,000 after buying an additional 23,347 shares during the last quarter. Handelsinvest Investeringsforvaltning purchased a new stake in shares of Global Water Resources during the fourth quarter valued at $446,000. BlackRock Inc. boosted its position in shares of Global Water Resources by 2.3% during the third quarter. BlackRock Inc. now owns 491,142 shares of the utilities provider’s stock valued at $5,202,000 after buying an additional 10,829 shares during the last quarter. Finally, Handelsbanken Fonder AB boosted its position in shares of Global Water Resources by 5.5% during the fourth quarter. Handelsbanken Fonder AB now owns 804,497 shares of the utilities provider’s stock valued at $8,158,000 after buying an additional 41,849 shares during the last quarter. 29.23% of the stock is currently owned by institutional investors.

Separately, Zacks Investment Research upgraded Global Water Resources from a “sell” rating to a “hold” rating in a report on Friday, January 11th.

TRADEMARK VIOLATION WARNING: “Global Water Resources Inc (GWRS) Director Sells $89,547.00 in Stock” was first reported by Watch List News and is the sole property of of Watch List News. If you are viewing this story on another site, it was stolen and reposted in violation of United States & international copyright and trademark legislation. The legal version of this story can be viewed at https://www.watchlistnews.com/global-water-resources-inc-gwrs-director-sells-89547-00-in-stock/2890641.html.

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.

Featured Article: Do investors pay a separate front-end load every time they buy additional shares?

Insider Buying and Selling 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.