Deprince Race & Zollo Inc. Raises Stake in Ferroglobe PLC (NASDAQ:GSM)

Deprince Race & Zollo Inc. boosted its holdings in shares of Ferroglobe PLC (NASDAQ:GSM - Free Report) by 117.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,235,155 shares of the basic materials company's stock after purchasing an additional 666,041 shares during the quarter. Deprince Race & Zollo Inc. owned about 0.66% of Ferroglobe worth $4,694,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Geode Capital Management LLC raised its stake in Ferroglobe by 1.2% in 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 lifted its holdings in Ferroglobe by 48.9% during 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 purchasing an additional 7,271 shares in the last quarter. Qtron Investments LLC lifted its stake in shares of Ferroglobe by 49.7% in the fourth quarter. Qtron Investments LLC now owns 22,268 shares of the basic materials company's stock worth $85,000 after buying an additional 7,396 shares in the last quarter. 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 purchasing an additional 7,427 shares during the last quarter. Finally, Legal & General Group Plc increased its position in shares of Ferroglobe by 12.1% during 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 during the last quarter. Institutional investors own 89.64% of the company's stock.

Ferroglobe Stock Down 2.5%

GSM stock traded down $0.10 during midday trading on Wednesday, hitting $3.90. The company's stock had a trading volume of 529,020 shares, compared to its average volume of 1,168,652. The firm has a 50-day simple moving average of $3.63 and a 200-day simple moving average of $3.89. The firm has a market capitalization of $727.84 million, a P/E ratio of 195.00 and a beta of 1.69. The company has a quick ratio of 1.00, a current ratio of 1.82 and a debt-to-equity ratio of 0.02. Ferroglobe PLC has a 52-week low of $2.97 and a 52-week high of $6.19.

Ferroglobe (NASDAQ:GSM - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The basic materials company reported ($0.20) earnings per share (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%. The company had revenue of $307.18 million during the quarter, compared to analyst estimates of $336.00 million. As a group, equities analysts forecast that Ferroglobe PLC will post 0.33 EPS for the current year.

Ferroglobe Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Wednesday, June 18th will be issued a dividend of $0.014 per share. This represents a $0.06 annualized dividend and a yield of 1.44%. The ex-dividend date of this dividend is Wednesday, June 18th. Ferroglobe's dividend payout ratio (DPR) is presently -15.15%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on GSM. StockNews.com cut Ferroglobe from a "buy" rating to a "hold" rating in a report on Friday, February 21st. Seaport Res Ptn cut shares of Ferroglobe from a "strong-buy" rating to a "hold" rating in a research 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.