Dimensional Fund Advisors LP Sells 533,468 Shares of Ferroglobe PLC (NASDAQ:GSM)

Dimensional Fund Advisors LP decreased its position in shares of Ferroglobe PLC (NASDAQ:GSM - Free Report) by 13.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,526,444 shares of the basic materials company's stock after selling 533,468 shares during the quarter. Dimensional Fund Advisors LP owned 1.88% of Ferroglobe worth $13,400,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Barclays PLC bought a new position in Ferroglobe in the third quarter valued at about $44,000. Heck Capital Advisors LLC acquired a new position in shares of Ferroglobe in the 4th quarter worth approximately $37,000. State of New Jersey Common Pension Fund D bought a new position in shares of Ferroglobe in the 4th quarter worth about $96,000. New York State Common Retirement Fund grew its position in shares of Ferroglobe by 48.9% during 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 buying an additional 7,271 shares during the period. Finally, Legacy Capital Group California Inc. boosted its position in shares of Ferroglobe by 19.9% during the 4th quarter. Legacy Capital Group California Inc. now owns 64,297 shares of the basic materials company's stock worth $244,000 after purchasing an additional 10,679 shares in the last quarter. Institutional investors own 89.64% of the company's stock.

Ferroglobe Price Performance

NASDAQ GSM traded down $0.12 on Wednesday, hitting $3.88. The stock had a trading volume of 882,464 shares, compared to its average volume of 1,170,020. The company has a market capitalization of $724.11 million, a price-to-earnings ratio of 194.00 and a beta of 1.69. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.00 and a current ratio of 1.82. The firm has a 50-day moving average of $3.63 and a 200-day moving average of $3.89. 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 issued its quarterly earnings results 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). The firm had revenue of $307.18 million for the quarter, compared to the consensus estimate of $336.00 million. Ferroglobe had a return on equity of 6.36% and a net margin of 0.32%. Equities analysts expect that Ferroglobe PLC will post 0.33 EPS for the current year.

Ferroglobe Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Wednesday, June 18th will be paid a dividend of $0.014 per share. This represents a $0.06 dividend on an annualized basis and a dividend 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%.

Analysts Set New Price Targets

GSM has been the subject of several recent research reports. StockNews.com downgraded 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 note on Monday, February 24th.

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.