Clear Harbor Asset Management LLC Sells 3,200 Shares of Global Water Resources, Inc. (NASDAQ:GWRS)

Clear Harbor Asset Management LLC cut its position in Global Water Resources, Inc. (NASDAQ:GWRS) by 19.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,150 shares of the utilities provider’s stock after selling 3,200 shares during the quarter. Clear Harbor Asset Management LLC’s holdings in Global Water Resources were worth $151,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Dynamic Advisor Solutions LLC lifted its holdings in shares of Global Water Resources by 4.2% during the third quarter. Dynamic Advisor Solutions LLC now owns 26,268 shares of the utilities provider’s stock worth $331,000 after purchasing an additional 1,055 shares during the period. State Street Corp raised its position in Global Water Resources by 0.7% during the 3rd 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. Renaissance Technologies LLC lifted its holdings in 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 buying an additional 6,000 shares during the period. Geode Capital Management LLC increased its stake in shares of Global Water Resources by 3.3% in the third quarter. Geode Capital Management LLC now owns 272,509 shares of the utilities provider’s stock valued at $3,431,000 after buying an additional 8,593 shares during the period. Finally, JPMorgan Chase & Co. raised its position in shares of Global Water Resources by 151.9% during the third quarter. JPMorgan Chase & Co. now owns 20,954 shares of the utilities provider’s stock worth $264,000 after acquiring an additional 12,636 shares during the last quarter. 27.91% of the stock is owned by institutional investors and hedge funds.

Global Water Resources Stock Performance

Shares of GWRS stock opened at $11.83 on Thursday. The stock has a market capitalization of $286.52 million, a PE ratio of 43.81, a PEG ratio of 2.70 and a beta of 0.99. The business’s 50 day simple moving average is $12.23 and its 200 day simple moving average is $12.43. 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 one year low of $11.05 and a one year high of $13.98.

Global Water Resources (NASDAQ:GWRS) last posted its quarterly earnings data on Wednesday, November 6th. The utilities provider reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. Global Water Resources had a net margin of 12.52% and a return on equity of 14.23%. The company had revenue of $14.32 million for the quarter, compared to analyst estimates of $14.65 million. During the same period in the prior year, the firm posted $0.11 EPS. As a group, research analysts forecast that Global Water Resources, Inc. will post 0.28 earnings per share for the current year.

Global Water Resources Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be issued a dividend of $0.0253 per share. The ex-dividend date of this dividend is Friday, January 17th. This represents a $0.30 dividend on an annualized basis and a yield of 2.57%. Global Water Resources’s payout ratio is currently 111.11%.

About Global Water Resources

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.