84,472 Shares in Ferroglobe PLC $GSM Bought by PDT Partners LLC

Key Points

• PDT Partners LLC has invested approximately $313,000 in Ferroglobe PLC, acquiring 84,472 shares during the first quarter.
• Ferroglobe is facing challenges, having reported a loss of $0.08 per share for the last quarter, missing expectations.
• The company has announced a quarterly dividend of $0.014 per share, representing an annual yield of 1.3%.

PDT Partners LLC bought a new position in shares of Ferroglobe PLC (NASDAQ:GSM - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 84,472 shares of the basic materials company's stock, valued at approximately $313,000.

A number of other hedge funds have also recently bought and sold shares of the company. Irenic Capital Management LP acquired a new stake in Ferroglobe during the first quarter worth approximately $60,000. State of Wyoming grew its stake in shares of Ferroglobe by 23.1% during the 1st quarter. State of Wyoming now owns 150,803 shares of the basic materials company's stock valued at $559,000 after buying an additional 28,280 shares during the period. OMERS ADMINISTRATION Corp grew its stake in shares of Ferroglobe by 61.0% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 250,900 shares of the basic materials company's stock valued at $931,000 after buying an additional 95,100 shares during the period. Old West Investment Management LLC grew its stake in shares of Ferroglobe by 58.7% during the 1st quarter. Old West Investment Management LLC now owns 3,435,932 shares of the basic materials company's stock valued at $12,747,000 after buying an additional 1,270,625 shares during the period. Finally, Walleye Capital LLC grew its stake in shares of Ferroglobe by 51.2% during the 1st quarter. Walleye Capital LLC now owns 792,401 shares of the basic materials company's stock valued at $2,940,000 after buying an additional 268,456 shares during the period. Institutional investors and hedge funds own 89.64% of the company's stock.

Ferroglobe Stock Up 1.9%

Shares of NASDAQ:GSM traded up $0.08 during midday trading on Thursday, hitting $4.26. 558,344 shares of the company's stock traded hands, compared to its average volume of 792,077. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.98 and a current ratio of 1.56. The company has a market cap of $795.03 million, a PE ratio of -7.47 and a beta of 1.69. The firm's fifty day moving average price is $4.29 and its two-hundred day moving average price is $3.91. Ferroglobe PLC has a twelve month low of $2.97 and a twelve month high of $5.12.

Ferroglobe (NASDAQ:GSM - Get Free Report) last posted its earnings results on Tuesday, August 5th. The basic materials company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.06). The business had revenue of $386.86 million for the quarter, compared to analyst estimates of $398.00 million. Ferroglobe had a negative net margin of 6.99% and a negative return on equity of 2.85%. On average, equities research analysts anticipate that Ferroglobe PLC will post 0.33 EPS for the current fiscal year.

Ferroglobe Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 22nd will be issued a dividend of $0.014 per share. The ex-dividend date is Monday, September 22nd. This represents a $0.06 annualized dividend and a dividend yield of 1.3%. Ferroglobe's payout ratio is presently -8.77%.

Analyst Ratings Changes

Separately, Wall Street Zen cut shares of Ferroglobe from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Ferroglobe presently has a consensus rating of "Hold".

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.