Concentric Capital Strategies LP purchased a new position in shares of Ferroglobe PLC (NASDAQ:GSM - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 546,942 shares of the basic materials company's stock, valued at approximately $2,078,000. Concentric Capital Strategies LP owned about 0.29% of Ferroglobe as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Geode Capital Management LLC lifted its holdings in Ferroglobe by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 225,629 shares of the basic materials company's stock worth $857,000 after purchasing an additional 2,760 shares during the last quarter. New York State Common Retirement Fund grew its stake in shares of Ferroglobe by 48.9% in the fourth quarter. New York State Common Retirement Fund now owns 22,143 shares of the basic materials company's stock valued at $84,000 after acquiring an additional 7,271 shares in the last quarter. Qtron Investments LLC increased its position in Ferroglobe by 49.7% during the fourth quarter. Qtron Investments LLC now owns 22,268 shares of the basic materials company's stock worth $85,000 after acquiring an additional 7,396 shares during the period. XTX Topco Ltd increased its position in 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 acquiring an additional 7,427 shares during the period. Finally, Legal & General Group Plc raised its stake in Ferroglobe by 12.1% in the 4th quarter. Legal & General Group Plc now owns 86,965 shares of the basic materials company's stock worth $331,000 after purchasing an additional 9,400 shares in the last quarter. Institutional investors own 89.64% of the company's stock.
Ferroglobe Stock Down 1.4 %
GSM stock opened at $3.41 on Thursday. Ferroglobe PLC has a 52 week low of $2.97 and a 52 week high of $6.19. The business has a 50-day simple moving average of $3.60 and a 200 day simple moving average of $3.91. The company has a quick ratio of 1.00, a current ratio of 1.82 and a debt-to-equity ratio of 0.02. The company has a market cap of $636.39 million, a PE ratio of 170.50 and a beta of 1.69.
Ferroglobe (NASDAQ:GSM - Get Free Report) last issued its earnings results on Wednesday, May 7th. The basic materials company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.08). Ferroglobe had a net margin of 0.32% and a return on equity of 6.36%. Sell-side analysts anticipate that Ferroglobe PLC will post 0.33 EPS for the current fiscal year.
Ferroglobe Increases Dividend
The firm also recently announced 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 dividend yield of 1.64%. The ex-dividend date of this dividend was Thursday, March 20th. This is an increase from Ferroglobe's previous quarterly dividend of $0.01. Ferroglobe's dividend payout ratio (DPR) is currently 250.00%.
Analyst Upgrades and Downgrades
A number of brokerages have issued reports on GSM. StockNews.com lowered shares of Ferroglobe from a "buy" rating to a "hold" rating in a research report on Friday, February 21st. Seaport Res Ptn downgraded Ferroglobe from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 24th.
Get Our Latest Research Report on Ferroglobe
About Ferroglobe
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding GSM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ferroglobe PLC (NASDAQ:GSM - Free Report).
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