OMERS ADMINISTRATION Corp purchased a new position in Ferroglobe PLC (NASDAQ:GSM - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 155,800 shares of the basic materials company's stock, valued at approximately $592,000. OMERS ADMINISTRATION Corp owned about 0.08% of Ferroglobe as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also modified their holdings of GSM. Hosking Partners LLP grew its holdings in shares of Ferroglobe by 1.8% during the fourth quarter. Hosking Partners LLP now owns 9,004,298 shares of the basic materials company's stock valued at $34,216,000 after purchasing an additional 159,845 shares during the last quarter. Donald Smith & CO. Inc. grew its stake in Ferroglobe by 852.2% during 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 buying an additional 5,326,051 shares during the last quarter. First Eagle Investment Management LLC grew its stake in Ferroglobe by 10.8% during the 4th quarter. First Eagle Investment Management LLC now owns 2,030,772 shares of the basic materials company's stock worth $7,717,000 after buying an additional 197,317 shares during the last quarter. Lloyd Harbor Capital Management LLC acquired a new stake in Ferroglobe in the fourth quarter worth $5,605,000. Finally, Russell Investments Group Ltd. lifted its stake in Ferroglobe by 43.2% in the fourth quarter. Russell Investments Group Ltd. now owns 1,193,272 shares of the basic materials company's stock valued at $4,534,000 after buying an additional 359,807 shares during the last quarter. 89.64% of the stock is owned by institutional investors and hedge funds.
Ferroglobe Stock Up 1.1%
GSM opened at $3.84 on Monday. The stock's 50 day moving average price is $3.63 and its 200 day moving average price is $3.88. 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 $716.64 million, a P/E ratio of 192.00 and a beta of 1.69. Ferroglobe PLC has a 12 month low of $2.97 and a 12 month high of $6.19.
Ferroglobe (NASDAQ:GSM - Get Free Report) last released 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 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, research analysts predict that Ferroglobe PLC will post 0.33 earnings per share for the current year.
Ferroglobe Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Wednesday, June 18th will be given a dividend of $0.014 per share. The ex-dividend date is Wednesday, June 18th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.46%. Ferroglobe's dividend payout ratio (DPR) is -15.15%.
Wall Street Analyst Weigh In
GSM has been the subject of several recent research reports. Seaport Res Ptn lowered shares of Ferroglobe from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 24th. StockNews.com lowered shares of Ferroglobe from a "buy" rating to a "hold" rating in a research note on Friday, February 21st.
Read Our Latest Analysis on Ferroglobe
Ferroglobe Company 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.
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