D. E. Shaw & Co. Inc. Trims Stake in Ferroglobe PLC (NASDAQ:GSM)

D. E. Shaw & Co. Inc. reduced its position in shares of Ferroglobe PLC (NASDAQ:GSM - Free Report) by 42.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 226,483 shares of the basic materials company's stock after selling 170,256 shares during the quarter. D. E. Shaw & Co. Inc. owned about 0.12% of Ferroglobe worth $861,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of GSM. Cooper Creek Partners Management LLC raised its stake in Ferroglobe by 2.0% in the fourth quarter. Cooper Creek Partners Management LLC now owns 14,990,483 shares of the basic materials company's stock worth $56,964,000 after buying an additional 291,201 shares in the last quarter. Hosking Partners LLP increased its holdings in shares of Ferroglobe by 1.8% in the 4th quarter. Hosking Partners LLP now owns 9,004,298 shares of the basic materials company's stock valued at $34,216,000 after acquiring an additional 159,845 shares during the period. Wolf Hill Capital Management LP increased its holdings in shares of Ferroglobe by 11.0% in the 4th quarter. Wolf Hill Capital Management LP now owns 7,236,693 shares of the basic materials company's stock valued at $27,499,000 after acquiring an additional 714,726 shares during the period. Donald Smith & CO. Inc. raised its position in shares of Ferroglobe by 852.2% in the 4th quarter. Donald Smith & CO. Inc. now owns 5,951,051 shares of the basic materials company's stock worth $22,614,000 after acquiring an additional 5,326,051 shares in the last quarter. Finally, Royce & Associates LP lifted its stake in shares of Ferroglobe by 24.2% during the 4th quarter. Royce & Associates LP now owns 3,387,958 shares of the basic materials company's stock worth $12,874,000 after purchasing an additional 660,980 shares during the last quarter. 89.64% of the stock is owned by institutional investors.

Ferroglobe Stock Down 2.1%

NASDAQ GSM traded down $0.08 during trading on Thursday, hitting $3.77. The company's stock had a trading volume of 740,366 shares, compared to its average volume of 1,137,037. Ferroglobe PLC has a fifty-two week low of $2.97 and a fifty-two week high of $6.11. The company has a market cap of $703.58 million, a PE ratio of 188.50 and a beta of 1.69. 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 business's 50 day simple moving average is $3.60 and its 200-day simple moving average is $3.85.

Ferroglobe (NASDAQ:GSM - Get Free Report) last released 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 return on equity of 6.36% and a net margin of 0.32%. The company had revenue of $307.18 million during the quarter, compared to analyst estimates of $336.00 million. On average, equities analysts anticipate that Ferroglobe PLC will post 0.33 EPS for the current fiscal year.

Ferroglobe Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Wednesday, June 18th will be given a $0.014 dividend. This represents a $0.06 annualized dividend and a dividend yield of 1.49%. The ex-dividend date is Wednesday, June 18th. Ferroglobe's payout ratio is -15.15%.

Wall Street Analysts Forecast Growth

Several research firms have commented on GSM. Seaport Res Ptn lowered shares of Ferroglobe from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 24th. Wall Street Zen cut shares of Ferroglobe from a "buy" rating to a "hold" rating in a research report on Friday, February 21st.

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.