Ferroglobe PLC (NASDAQ:GSM) Stock Holdings Lowered by Boothbay Fund Management LLC

Boothbay Fund Management LLC cut its stake in shares of Ferroglobe PLC (NASDAQ:GSM - Free Report) by 96.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,484 shares of the basic materials company's stock after selling 248,857 shares during the period. Boothbay Fund Management LLC's holdings in Ferroglobe were worth $40,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Donald Smith & CO. Inc. grew its stake in Ferroglobe by 852.2% in the fourth quarter. Donald Smith & CO. Inc. now owns 5,951,051 shares of the basic materials company's stock valued at $22,614,000 after acquiring an additional 5,326,051 shares during the period. CenterBook Partners LP bought a new position in shares of Ferroglobe in the fourth quarter worth $8,363,000. Wolf Hill Capital Management LP lifted its holdings in shares of Ferroglobe by 11.0% during the 4th quarter. Wolf Hill Capital Management LP now owns 7,236,693 shares of the basic materials company's stock worth $27,499,000 after acquiring an additional 714,726 shares during the last quarter. Royce & Associates LP raised its stake in shares of Ferroglobe by 24.2% during the fourth quarter. Royce & Associates LP now owns 3,387,958 shares of the basic materials company's stock worth $12,874,000 after acquiring an additional 660,980 shares in the last quarter. Finally, River Global Investors LLP bought a new position in Ferroglobe during the 4th quarter worth approximately $2,408,000. Institutional investors own 89.64% of the company's stock.

Ferroglobe Stock Performance

Ferroglobe stock traded down $0.05 during mid-day trading on Wednesday, reaching $3.41. 1,413,732 shares of the company traded hands, compared to its average volume of 1,161,613. Ferroglobe PLC has a fifty-two week low of $2.97 and a fifty-two week high of $6.19. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.82 and a quick ratio of 1.00. The company has a market capitalization of $636.39 million, a price-to-earnings ratio of 170.50 and a beta of 1.69. The firm's fifty day moving average is $3.60 and its two-hundred day moving average is $3.91.

Ferroglobe (NASDAQ:GSM - Get Free Report) last announced its earnings results on Wednesday, May 7th. The basic materials company reported ($0.20) EPS for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.08). Ferroglobe had a net margin of 0.32% and a return on equity of 6.36%. On average, equities research analysts expect that Ferroglobe PLC will post 0.33 earnings per share for the current fiscal year.

Ferroglobe Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Thursday, March 20th were given a $0.014 dividend. The ex-dividend date was Thursday, March 20th. This is a boost from Ferroglobe's previous quarterly dividend of $0.01. This represents a $0.06 dividend on an annualized basis and a yield of 1.64%. Ferroglobe's payout ratio is 250.00%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on GSM. StockNews.com cut shares of Ferroglobe from a "buy" rating to a "hold" rating in a report on Friday, February 21st. Seaport Res Ptn cut Ferroglobe from a "strong-buy" rating to a "hold" rating in a report on Monday, February 24th.

About Ferroglobe

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.