Global Water Resources (GWRS) Earns News Sentiment Score of 0.14
Media coverage about Global Water Resources (NASDAQ:GWRS) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Global Water Resources earned a coverage optimism score of 0.14 on Accern’s scale. Accern also assigned news articles about the utilities provider an impact score of 46.3345526634418 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the media stories that may have effected Accern’s analysis:
- BRIEF-Global Water Resources Says Entered Into Standstill Agreement With Levine Investments, William S. Levine And Andrew M. Cohn (reuters.com)
- Global Water Resources (GWRS) Stock Rating Upgraded by Zacks Investment Research (americanbankingnews.com)
- Global Water Resources Inc (GWRS) Director Acquires $26,259,253.35 in Stock (americanbankingnews.com)
- Global Water Resources (GWRS) Cut to Hold at Zacks Investment Research (americanbankingnews.com)
Shares of Global Water Resources (NASDAQ:GWRS) traded down $0.22 during mid-day trading on Friday, reaching $9.21. 16,607 shares of the company were exchanged, compared to its average volume of 19,089. Global Water Resources has a fifty-two week low of $7.90 and a fifty-two week high of $10.00. The company has a market capitalization of $185.12, a price-to-earnings ratio of 115.14, a P/E/G ratio of 6.99 and a beta of 0.19. The company has a debt-to-equity ratio of 8.55, a current ratio of 1.21 and a quick ratio of 1.21.
The business also recently announced a monthly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be given a dividend of $0.0236 per share. The ex-dividend date is Thursday, December 14th. This represents a $0.28 dividend on an annualized basis and a yield of 3.08%. This is a positive change from Global Water Resources’s previous monthly dividend of $0.02. Global Water Resources’s payout ratio is 350.04%.
Separately, Zacks Investment Research raised shares of Global Water Resources from a “sell” rating to a “hold” rating in a research report on Wednesday, October 11th.
In other Global Water Resources news, Director William S. Levine purchased 2,826,615 shares of the stock in a transaction on Monday, December 18th. The shares were purchased at an average price of $9.29 per share, with a total value of $26,259,253.35. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Trevor T. Hill sold 3,206 shares of the business’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $9.76, for a total transaction of $31,290.56. The disclosure for this sale can be found here. In the last ninety days, insiders have purchased 2,827,798 shares of company stock worth $26,270,373 and have sold 8,193 shares worth $80,116. Insiders own 49.20% of the company’s stock.
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About Global Water Resources
Global Water Resources, Inc is a water resource management company. The Company owns, operates and manages water, wastewater and recycled water utilities in strategically located communities, principally in metropolitan Phoenix, Arizona. The Company focuses on the issues of water supply and scarcity, and applies principles of water conservation through water reclamation and reuse.
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