Delta Investment Management LLC Sells 2,240 Shares of Global Water Resources, Inc. (NASDAQ:GWRS)

Delta Investment Management LLC lowered its holdings in Global Water Resources, Inc. (NASDAQ:GWRS) by 8.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,155 shares of the utilities provider’s stock after selling 2,240 shares during the period. Delta Investment Management LLC’s holdings in Global Water Resources were worth $292,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Commonwealth Equity Services LLC bought a new stake in Global Water Resources in the 2nd quarter valued at about $857,000. Panagora Asset Management Inc. lifted its holdings in shares of Global Water Resources by 9.1% during the 2nd quarter. Panagora Asset Management Inc. now owns 96,088 shares of the utilities provider’s stock worth $1,163,000 after acquiring an additional 8,033 shares during the period. North Star Investment Management Corp. lifted its holdings in shares of Global Water Resources by 15.8% during the 1st quarter. North Star Investment Management Corp. now owns 234,893 shares of the utilities provider’s stock worth $3,016,000 after acquiring an additional 32,100 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Global Water Resources by 2.6% during the 2nd quarter. Renaissance Technologies LLC now owns 240,447 shares of the utilities provider’s stock worth $2,909,000 after acquiring an additional 6,000 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in shares of Global Water Resources by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 678,279 shares of the utilities provider’s stock worth $8,709,000 after acquiring an additional 8,960 shares during the period. Institutional investors own 27.91% of the company’s stock.

Global Water Resources Stock Performance

Shares of Global Water Resources stock opened at $12.42 on Friday. The company has a 50 day moving average of $12.54 and a 200-day moving average of $12.48. Global Water Resources, Inc. has a 1-year low of $9.34 and a 1-year high of $13.42. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 2.53. The company has a market cap of $300.81 million, a PE ratio of 47.77, a price-to-earnings-growth ratio of 3.18 and a beta of 0.97.

Global Water Resources (NASDAQ:GWRS) last issued its quarterly earnings results on Wednesday, August 7th. The utilities provider reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). Global Water Resources had a return on equity of 13.45% and a net margin of 11.91%. The firm had revenue of $13.51 million for the quarter, compared to the consensus estimate of $13.60 million. During the same period last year, the company posted $0.07 EPS. As a group, equities research analysts forecast that Global Water Resources, Inc. will post 0.27 earnings per share for the current fiscal year.

Global Water Resources Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be given a dividend of $0.025 per share. This represents a $0.30 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date of this dividend is Monday, September 16th. Global Water Resources’s dividend payout ratio is 115.39%.

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.