Goldman Sachs Group Inc. increased its stake in Ferroglobe PLC (NASDAQ:GSM - Free Report) by 32.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 331,778 shares of the basic materials company's stock after purchasing an additional 81,611 shares during the period. Goldman Sachs Group Inc. owned approximately 0.18% of Ferroglobe worth $1,231,000 as of its most recent filing with the SEC.
Other hedge funds also recently modified their holdings of the company. SummerHaven Investment Management LLC grew its position in Ferroglobe by 2.8% in the first quarter. SummerHaven Investment Management LLC now owns 136,756 shares of the basic materials company's stock valued at $507,000 after acquiring an additional 3,697 shares during the last quarter. Heck Capital Advisors LLC acquired a new stake in shares of Ferroglobe during the fourth quarter valued at about $37,000. Creative Financial Designs Inc. ADV acquired a new stake in shares of Ferroglobe during the first quarter valued at about $37,000. PNC Financial Services Group Inc. acquired a new stake in shares of Ferroglobe during the first quarter valued at about $38,000. Finally, PFG Investments LLC acquired a new stake in shares of Ferroglobe during the first quarter valued at about $42,000. Institutional investors own 89.64% of the company's stock.
Ferroglobe Stock Up 0.2%
Shares of GSM stock traded up $0.01 during mid-day trading on Monday, hitting $4.20. The company's stock had a trading volume of 778,835 shares, compared to its average volume of 807,751. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.98 and a current ratio of 1.56. Ferroglobe PLC has a 52-week low of $2.97 and a 52-week high of $5.12. The stock has a market cap of $783.85 million, a price-to-earnings ratio of -7.37 and a beta of 1.69. The business has a 50-day moving average price of $4.26 and a 200 day moving average price of $3.94.
Ferroglobe (NASDAQ:GSM - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The basic materials company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.06). Ferroglobe had a negative return on equity of 2.85% and a negative net margin of 6.99%.The firm had revenue of $386.86 million during the quarter, compared to the consensus estimate of $398.00 million. Research analysts predict that Ferroglobe PLC will post 0.33 EPS for the current fiscal year.
Ferroglobe Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 22nd will be issued a $0.014 dividend. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $0.06 annualized dividend and a dividend yield of 1.3%. Ferroglobe's payout ratio is presently -10.53%.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen lowered Ferroglobe from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, Ferroglobe presently has a consensus rating of "Hold".
Get Our Latest Stock Analysis on GSM
Ferroglobe Profile
(
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.
Further Reading

Before you consider Ferroglobe, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ferroglobe wasn't on the list.
While Ferroglobe currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.