Ferroglobe PLC (NASDAQ:GSM) Shares Sold by Ardsley Advisory Partners LP

Ardsley Advisory Partners LP reduced its holdings in Ferroglobe PLC (NASDAQ:GSM - Free Report) by 23.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,667,595 shares of the basic materials company's stock after selling 497,250 shares during the quarter. Ardsley Advisory Partners LP owned about 0.89% of Ferroglobe worth $6,337,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of GSM. State Street Corp raised its position in shares of Ferroglobe by 1.6% during the 3rd quarter. State Street Corp now owns 163,238 shares of the basic materials company's stock worth $757,000 after purchasing an additional 2,615 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Ferroglobe by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 225,629 shares of the basic materials company's stock worth $857,000 after buying an additional 2,760 shares in the last quarter. New York State Common Retirement Fund grew its stake in Ferroglobe by 48.9% in the 4th quarter. New York State Common Retirement Fund now owns 22,143 shares of the basic materials company's stock worth $84,000 after acquiring an additional 7,271 shares during the period. Qtron Investments LLC raised its holdings in Ferroglobe by 49.7% in the 4th quarter. Qtron Investments LLC now owns 22,268 shares of the basic materials company's stock valued at $85,000 after acquiring an additional 7,396 shares during the last quarter. Finally, XTX Topco Ltd boosted its holdings in shares of Ferroglobe by 23.0% during the fourth quarter. XTX Topco Ltd now owns 39,653 shares of the basic materials company's stock worth $151,000 after purchasing an additional 7,427 shares during the last quarter. Institutional investors and hedge funds own 89.64% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on GSM shares. Seaport Res Ptn downgraded shares of Ferroglobe from a "strong-buy" rating to a "hold" rating in a research note on Monday, February 24th. StockNews.com lowered shares of Ferroglobe from a "buy" rating to a "hold" rating in a report on Friday, February 21st.

Ferroglobe Trading Up 0.9 %

Shares of Ferroglobe stock traded up $0.03 during trading hours on Thursday, reaching $3.44. The stock had a trading volume of 764,936 shares, compared to its average volume of 1,160,112. The company has a current ratio of 1.82, a quick ratio of 1.00 and a debt-to-equity ratio of 0.02. Ferroglobe PLC has a 1 year low of $2.97 and a 1 year high of $6.19. The firm has a market capitalization of $641.99 million, a price-to-earnings ratio of 172.00 and a beta of 1.69. The firm has a 50 day simple moving average of $3.60 and a two-hundred day simple moving average of $3.91.

Ferroglobe (NASDAQ:GSM - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The basic materials company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.08). Ferroglobe had a return on equity of 6.36% and a net margin of 0.32%. The business had revenue of $307.18 million during the quarter, compared to analyst estimates of $336.00 million. As a group, equities research analysts anticipate that Ferroglobe PLC will post 0.33 earnings per share for the current year.

Ferroglobe Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Thursday, March 20th were issued a $0.014 dividend. This represents a $0.06 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date of this dividend was Thursday, March 20th. This is a boost from Ferroglobe's previous quarterly dividend of $0.01. Ferroglobe's dividend payout ratio is currently 250.00%.

Ferroglobe Profile

Ferroglobe PLC produces and sells silicon metal, and silicon and manganese-based ferroalloys in the United States, Europe, and internationally. It provides silicone chemicals that are used in a range of applications, including personal care items, construction-related products, health care products, and electronics; and silicon metal for primary and secondary aluminum producers.