Dimensional Fund Advisors LP Has $1.36 Million Stake in Global Water Resources, Inc. (NASDAQ:GWRS)

Dimensional Fund Advisors LP trimmed its stake in Global Water Resources, Inc. (NASDAQ:GWRS) by 1.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 112,137 shares of the utilities provider’s stock after selling 1,590 shares during the quarter. Dimensional Fund Advisors LP owned 0.46% of Global Water Resources worth $1,357,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in GWRS. Commonwealth Equity Services LLC purchased a new position in Global Water Resources in the second quarter valued at about $857,000. Panagora Asset Management Inc. raised its stake 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 purchasing an additional 8,033 shares in the last quarter. 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 valued at $3,016,000 after buying an additional 32,100 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Global Water Resources by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 678,279 shares of the utilities provider’s stock valued at $8,709,000 after buying an additional 8,960 shares in the last quarter. 27.91% of the stock is currently owned by institutional investors and hedge funds.

Global Water Resources Stock Up 1.2 %

Global Water Resources stock opened at $12.19 on Friday. The company has a market capitalization of $295.24 million, a P/E ratio of 46.89, a P/E/G ratio of 2.99 and a beta of 0.97. Global Water Resources, Inc. has a 1-year low of $9.34 and a 1-year high of $13.42. The firm’s fifty day simple moving average is $12.39 and its 200-day simple moving average is $12.47. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 2.53.

Global Water Resources (NASDAQ:GWRS) last announced its earnings results on Wednesday, August 7th. The utilities provider reported $0.07 earnings per share (EPS) 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 company had revenue of $13.51 million for the quarter, compared to the consensus estimate of $13.60 million. During the same period in the previous year, the company earned $0.07 EPS. Sell-side analysts forecast that Global Water Resources, Inc. will post 0.27 earnings per share for the current fiscal year.

Global Water Resources Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 17th will be paid a dividend of $0.025 per share. This represents a $0.30 annualized dividend and a yield of 2.46%. The ex-dividend date is Thursday, October 17th. Global Water Resources’s payout ratio is currently 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.