Bard Associates Inc. Reduces Stock Position in Global Water Resources, Inc. (NASDAQ:GWRS)

Bard Associates Inc. decreased its stake in shares of Global Water Resources, Inc. (NASDAQ:GWRS) by 1.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 165,739 shares of the utilities provider’s stock after selling 2,895 shares during the quarter. Bard Associates Inc. owned about 0.68% of Global Water Resources worth $1,906,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wesbanco Bank Inc. acquired a new stake in shares of Global Water Resources in the 4th quarter worth $356,000. Barclays PLC grew its holdings in shares of Global Water Resources by 89.3% in the third 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 period. State Street Corp increased its position in Global Water Resources by 0.7% during the third quarter. State Street Corp now owns 220,872 shares of the utilities provider’s stock worth $2,781,000 after purchasing an additional 1,496 shares during the last quarter. Avanza Fonder AB purchased a new position in Global Water Resources during the fourth quarter worth about $327,000. Finally, Geode Capital Management LLC boosted its holdings in Global Water Resources by 3.3% in 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. Institutional investors and hedge funds own 27.91% of the company’s stock.

Global Water Resources Stock Performance

Global Water Resources stock opened at $11.34 on Tuesday. The firm has a 50 day simple moving average of $11.53 and a 200-day simple moving average of $12.24. The stock has a market cap of $274.68 million, a price-to-earnings ratio of 42.00, a price-to-earnings-growth ratio of 2.53 and a beta of 0.99. The company has a debt-to-equity ratio of 2.47, a current ratio of 1.62 and a quick ratio of 1.63. Global Water Resources, Inc. has a 1-year low of $11.05 and a 1-year high of $13.98.

Global Water Resources Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a dividend of $0.0253 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.30 annualized dividend and a yield of 2.68%. Global Water Resources’s dividend payout ratio (DPR) is 111.11%.

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.