Wesbanco Bank Inc. Invests $356,000 in Global Water Resources, Inc. (NASDAQ:GWRS)

Wesbanco Bank Inc. purchased a new position in Global Water Resources, Inc. (NASDAQ:GWRS - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 31,000 shares of the utilities provider's stock, valued at approximately $356,000. Wesbanco Bank Inc. owned about 0.13% of Global Water Resources at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. raised its holdings 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 purchasing an additional 12,636 shares during the last quarter. Avanza Fonder AB acquired a new stake in Global Water Resources during the 4th quarter worth about $327,000. Dynamic Advisor Solutions LLC raised its stake in shares of Global Water Resources by 4.2% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 26,268 shares of the utilities provider's stock valued at $331,000 after buying an additional 1,055 shares during the last quarter. Barclays PLC lifted its holdings in shares of Global Water Resources by 89.3% in the 3rd quarter. Barclays PLC now owns 31,663 shares of the utilities provider's stock valued at $400,000 after buying an additional 14,936 shares during the period. Finally, State Street Corp boosted its stake in shares of Global Water Resources by 0.7% in the third quarter. State Street Corp now owns 220,872 shares of the utilities provider's stock worth $2,781,000 after buying an additional 1,496 shares during the last quarter. Hedge funds and other institutional investors own 27.91% of the company's stock.

Global Water Resources Stock Performance

GWRS stock traded up $0.27 during trading on Friday, hitting $12.02. 30,765 shares of the company traded hands, compared to its average volume of 28,642. The company has a debt-to-equity ratio of 2.47, a current ratio of 1.62 and a quick ratio of 1.63. The company has a market cap of $291.15 million, a PE ratio of 44.52, a P/E/G ratio of 2.67 and a beta of 0.99. The stock's 50-day simple moving average is $12.18 and its 200 day simple moving average is $12.43. Global Water Resources, Inc. has a 1 year low of $11.05 and a 1 year high of $13.98.

Global Water Resources (NASDAQ:GWRS - Get Free Report) last posted its earnings results on Wednesday, November 6th. The utilities provider reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.01. The business had revenue of $14.32 million for the quarter, compared to analyst estimates of $14.65 million. Global Water Resources had a net margin of 12.52% and a return on equity of 14.23%. During the same period in the prior year, the company posted $0.11 EPS. On average, equities analysts expect that Global Water Resources, Inc. will post 0.28 earnings per share for the current fiscal year.

Global Water Resources Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be issued a $0.0253 dividend. This represents a $0.30 annualized dividend and a yield of 2.53%. The ex-dividend date is Friday, January 17th. Global Water Resources's payout ratio is presently 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.