Loading
2 insiders bought €6.0M of shares over the last 90 days, the latest filed 21 Aug 2026.
Global Water Resources, Inc.: what insiders have been doing
Global Water Resources, Inc., classified in the Energy sector, is a listed company. Its insiders report their share dealings to SEC (Form 4). Over the twelve months to 18 October 2026, 54 filings were filed, from 13 insiders.
The flow runs one way only: 2 insiders bought (2 purchases totalling €6.0M) and nobody sold on the market. Open-market purchases are the filings investors watch most closely, because the insider pays for the shares out of pocket. Levine Jonathan L filed the largest purchase, €4.9M, on 21 August 2026, which represents 2.4% of the company's market value. Those buying include 2 senior executives.
The data flag 2 purchases as part of a group of insiders buying within 30 days of each other. Purchases made close together by different insiders form what is called a cluster. The latest purchase dates back some time: it was published 58 days ago, on 21 August 2026. Filings reach the SEC (Form 4) feed a median of 2 days after the trade. US insiders must file a Form 4 within two business days of a trade.
Compared with its exchange (5,810 companies, median 19 filings), a count of 54 filings is above the norm. Over the whole record (from 2021), the tally stands at 57 purchases and 3 sales. For the fiscal year to 31 December 2025, the annual 10-K puts revenue at 55.8 m USD and net income at 3.0 m USD, and the dividend at 0.30 USD per share.
For comparison within the same sector, see the insider buying recorded at RGC Resources Inc and Terawulf Inc. These figures are compiled from regulatory filings published by SEC (Form 4). They describe what insiders did and are not a recommendation.
Insider Decl.
354
Thresholds
n/a
Buy Volume
€38M
57 ops. · all time
Sell Volume
€21,360
3 ops. · all time
Who traded when
BuySaleAndrew M. Cohn3 buys
Jonathan L. Levine3 buys
Steven D. Brill1 buy
Since the insiders bought
- -13.8%Entry US$9.36 · Close 13 Oct 2026 US$8.07
- -13.8%Entry US$9.36 · Close 13 Oct 2026 US$8.07
- -21.9%Entry US$11.28 · Close at T+365 US$8.81
Entry is the close on the day after publication, the first price a reader could act on. Prices in the listing currency. Past moves are not a forecast.
This score ranks the purchase within its own market. A position size is suggested only on the venues of the backtested strategy universe; elsewhere, signals stay on watch. Not investment advice.
Fundamental score
Ranked 16,821 of 24,148 companies
38.5
score / 100
Value28
Quality49
FCF yld-20%
Earn yld1.3%
EV/EBITDA14.8x
ROE3.9%
Gross mgn72%
Net mgn5.3%
Debt/EBITDA5.5x
Pillars2/3
Transparent value + quality ranking, distinct from the insider signal.
Financial data
as of FY 2025FY ended December 2025 · cache
US$7.94
Analyst consensus
2 analysts2.00/5
US$8.10Target US$10.30(+30%)US$12.50
Income statement
RevenueUS$55.8M
Gross profitUS$40M72% margin
EBITDAUS$24.9M45% margin
Net incomeUS$3M5.2% margin
Valuation
PER (trailing)79.4x
PER (forward)61.1x
P/Book2.7x
Beta0.95
Balance sheet & cash
Market capUS$228.6M
Total debtUS$138.3M
Free Cash Flow-US$47.2M
Debt / Equity167%
Profitability & ownership
ROE3.9%
ROA1.1%
% insiders55.3%
% institutions28.0%
Last declaration on 2 October 2026
Declarations354 total
271 shares0Common StockSEC:0001628280-26-064708:0
2,881 shares0Common StockSEC:0001628280-26-064706:0
4,501 shares0Common StockSEC:0001628280-26-064705:0
1,445 shares0Common StockSEC:0001628280-26-064704:0
132 shares0Common StockSEC:0001628280-26-064703:0
271 shares@ US$7.950.0009% mcap0.9% of flowCommon StockSEC:0001628280-26-064708:1
1,054 shares@ US$7.263.0% of flowCommon StockSEC:0001628280-26-064708:2
254 shares@ US$7.260.7% of flowCommon StockSEC:0001628280-26-064708:3
2,881 shares@ US$7.950.0098% mcap3.1% of flowCommon StockSEC:0001628280-26-064706:1
4,501 shares@ US$7.950.015% mcap3.7% of flowCommon StockSEC:0001628280-26-064705:1
1,445 shares@ US$7.950.0049% mcap3.2% of flowCommon StockSEC:0001628280-26-064704:1
132 shares@ US$7.950.0005% mcap1.1% of flowCommon StockSEC:0001628280-26-064703:1
1,666 shares@ US$8.920.0063% mcap81.8% of flowCommon StockSEC:0001628280-26-060969:0
371 shares@ US$8.920.0014% mcap18.2% of flowCommon StockSEC:0001628280-26-060969:1
1,491 shares@ US$8.910.0056% mcap8.9% of flowCommon StockSEC:0001628280-26-058498:0
756 shares@ US$8.910.0028% mcap4.5% of flowCommon StockSEC:0001628280-26-058498:1
139,343 shares@ US$8.850.52% mcap12.6% of flowCommon StockSEC:0001628280-26-058496:0
Canonical exit: 18 Nov 2026 (T+90)
800 shares@ US$8.910.0030% mcap0.1% of flowCommon StockSEC:0001628280-26-058496:1
1,049 shares@ US$8.910.0039% mcap10.3% of flowCommon StockSEC:0001628280-26-058495:0
1,161 shares@ US$8.910.0044% mcap50.1% of flowCommon StockSEC:0001628280-26-058497:0
1,158 shares@ US$8.910.0044% mcap10.8% of flowCommon StockSEC:0001628280-26-058499:0
800 shares@ US$8.910.0030% mcap0.0% of flowCommon StockSEC:0001628280-26-058502:0
651,618 shares@ US$8.852.41% mcap16.7% of flowCommon StockSEC:0001628280-26-058502:1
Canonical exit: 18 Nov 2026 (T+90)
959 shares@ US$6.970.0027% mcap4.4% of flowCommon StockSEC:0001628280-26-037851:1
1,023 shares@ US$6.970.0029% mcap0.1% of flowCommon StockSEC:0001628280-26-037849:0
25 of 354 declarations
About Global Water Resources, Inc.
Global Water Resources, Inc. (NASDAQ: GWRS) is a U.S.-listed water utility and water resource management company headquartered in Phoenix, Arizona, United States. The company operates from 21410 North 19th Avenue, Suite 220, Phoenix, Arizona 85027, and positions itself as a specialized, pure-play operator of regulated water, wastewater, and recycled water systems. Its business model is built around “Total Water Management,” an integrated framework designed to reduce reliance on scarce non-renewable water supplies, increase reuse, and support sustainable growth in arid communities across the American Southwest. ([gwresources.com](https://www.gwresources.com/))
Founded in 2003, Global Water Resources has grown through a combination of organic expansion and selective acquisitions. As of December 31, 2025, the company owned, operated, and managed 39 public utility systems serving water, wastewater, and recycled water customers, mainly in the metropolitan Phoenix and Tucson areas. The company’s systems are regulated by the Arizona Corporation Commission, which gives the business a rate-regulated utility profile with relatively predictable cash flows, but also exposes it to the timing and outcome of regulatory proceedings. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1434728/000162828026014659/gwrs-20251231.htm))
Read moreShow less
Operationally, GWRS focuses on three core service lines: potable water, wastewater, and recycled water. Management reported that the company served more than 121,000 people and roughly 40,000 homes across about 418 square miles of ACC-designated service areas at year-end 2025. Roughly 87% of active service connections are concentrated in the GW-Santa Cruz and GW-Palo Verde utilities, underscoring the company’s geographic concentration but also its operational density in key growth corridors such as Maricopa, Pinal, and Pima counties. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1434728/000162828026014659/gwrs-20251231.htm))
From a competitive standpoint, Global Water’s appeal lies in specialization rather than scale. Its niche in utility systems in water-constrained markets can create local barriers to entry, especially where regional permits, water scarcity management, and long-cycle infrastructure planning matter. For investors in France, Belgium, and Switzerland, GWRS can be viewed as a defensive infrastructure and environmental-services exposure with additional growth optionality from population growth, utility consolidation, and future rate adjustments. The counterbalance is typical utility risk: regulatory lag, capex intensity, inflation in labor and input costs, and dependence on public commission decisions. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1434728/000162828026014659/gwrs-20251231.htm))
Recent developments are notable. In its March 2026 full-year earnings release, the company said 2025 revenue increased on the back of organic connection growth, higher consumption, and the July 2025 acquisition of seven water systems from the City of Tucson. Management also highlighted ongoing rate cases for its two largest utilities, with a requested net annual revenue increase of about $4.3 million and a targeted conclusion in 2026. Separately, Global Water entered into a $15 million term loan with CoBank in December 2025, which signals continued infrastructure investment needs and balance-sheet management priorities. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1434728/000162828026014666/q42025earningsrelease.htm))
Recent ranked signals in the same sector
Purchases our model currently ranks for the recommendations list.
All recommendations
