Ameriprise Financial Inc. Decreases Stock Holdings in Ferroglobe PLC (NASDAQ:GSM)

Ameriprise Financial Inc. reduced its holdings in shares of Ferroglobe PLC (NASDAQ:GSM - Free Report) by 16.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,846,058 shares of the basic materials company's stock after selling 369,036 shares during the period. Ameriprise Financial Inc. owned 0.98% of Ferroglobe worth $7,015,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Geode Capital Management LLC lifted its position in shares of 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 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 valued at $84,000 after buying an additional 7,271 shares in the last quarter. Qtron Investments LLC boosted 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 purchasing an additional 7,396 shares during the period. XTX Topco Ltd boosted its holdings in Ferroglobe by 23.0% in the 4th quarter. XTX Topco Ltd now owns 39,653 shares of the basic materials company's stock valued at $151,000 after purchasing an additional 7,427 shares during the period. Finally, Legal & General Group Plc boosted its holdings 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 valued at $331,000 after purchasing an additional 9,400 shares during the period. 89.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently issued reports on GSM shares. Wall Street Zen downgraded shares of Ferroglobe from a "buy" rating to a "hold" rating in a report on Friday, February 21st. Seaport Res Ptn downgraded shares of Ferroglobe from a "strong-buy" rating to a "hold" rating in a report on Monday, February 24th.

Ferroglobe Trading Up 2.7%

Ferroglobe stock traded up $0.11 during mid-day trading on Tuesday, hitting $3.94. The company's stock had a trading volume of 696,607 shares, compared to its average volume of 1,136,073. 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 stock has a market cap of $734.37 million, a price-to-earnings ratio of 195.75 and a beta of 1.69. The business has a 50 day moving average price of $3.60 and a 200-day moving average price of $3.86. Ferroglobe PLC has a 12 month low of $2.97 and a 12 month high of $6.12.

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 for the quarter, missing the consensus estimate of ($0.12) by ($0.08). The business had revenue of $307.18 million during 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%. As a group, analysts forecast that Ferroglobe PLC will post 0.33 EPS for the current year.

Ferroglobe Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Wednesday, June 18th will be paid a $0.014 dividend. This represents a $0.06 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend is Wednesday, June 18th. Ferroglobe's dividend payout ratio is presently -15.15%.

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.