OMERS ADMINISTRATION Corp Makes New Investment in Ferroglobe PLC (NASDAQ:GSM)

OMERS ADMINISTRATION Corp bought a new stake in shares of Ferroglobe PLC (NASDAQ:GSM - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 155,800 shares of the basic materials company's stock, valued at approximately $592,000. OMERS ADMINISTRATION Corp owned approximately 0.08% of Ferroglobe at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Geode Capital Management LLC boosted its position in Ferroglobe by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 225,629 shares of the basic materials company's stock valued at $857,000 after acquiring an additional 2,760 shares in the last quarter. New York State Common Retirement Fund boosted its position in 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 valued at $84,000 after acquiring an additional 7,271 shares in the last quarter. Qtron Investments LLC boosted its position in Ferroglobe by 49.7% during the 4th quarter. Qtron Investments LLC now owns 22,268 shares of the basic materials company's stock valued at $85,000 after acquiring an additional 7,396 shares in the last quarter. XTX Topco Ltd boosted its position in Ferroglobe by 23.0% during the 4th quarter. XTX Topco Ltd now owns 39,653 shares of the basic materials company's stock valued at $151,000 after acquiring an additional 7,427 shares in the last quarter. Finally, Legal & General Group Plc lifted its holdings in shares of Ferroglobe by 12.1% during 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 last quarter. Institutional investors own 89.64% of the company's stock.

Analysts Set New Price Targets

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

Ferroglobe Stock Up 1.9%

Shares of GSM traded up $0.07 during midday trading on Friday, hitting $3.83. 797,993 shares of the company's stock traded hands, compared to its average volume of 1,137,645. Ferroglobe PLC has a 1 year low of $2.97 and a 1 year high of $6.12. The firm's fifty day moving average is $3.61 and its 200-day moving average is $3.86. The company has a current ratio of 1.82, a quick ratio of 1.00 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $714.78 million, a price-to-earnings ratio of 191.50 and a beta of 1.69.

Ferroglobe (NASDAQ:GSM - Get Free Report) last issued its earnings results on Wednesday, May 7th. The basic materials company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.08). The firm had revenue of $307.18 million during the quarter, compared to analysts' expectations of $336.00 million. Ferroglobe had a return on equity of 6.36% and a net margin of 0.32%. As a group, sell-side analysts anticipate that Ferroglobe PLC will post 0.33 earnings per share for the current 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 paid a $0.014 dividend. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $0.06 dividend on an annualized basis and a yield of 1.46%. Ferroglobe's dividend payout ratio (DPR) is -15.15%.

Ferroglobe Company 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.