Sei Investments Co. grew its position in Ferroglobe PLC (NASDAQ:GSM - Free Report) by 67.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 639,440 shares of the basic materials company's stock after purchasing an additional 256,449 shares during the quarter. Sei Investments Co. owned about 0.34% of Ferroglobe worth $2,634,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in GSM. California State Teachers Retirement System acquired a new stake in Ferroglobe during the 2nd quarter worth approximately $27,000. Quadrant Capital Group LLC grew its holdings in Ferroglobe by 66.1% in the 4th quarter. Quadrant Capital Group LLC now owns 7,902 shares of the basic materials company's stock valued at $37,000 after buying an additional 3,146 shares in the last quarter. BNP Paribas Financial Markets increased its position in Ferroglobe by 1,017,300.0% during the 2nd quarter. BNP Paribas Financial Markets now owns 10,174 shares of the basic materials company's stock worth $37,000 after buying an additional 10,173 shares during the period. R Squared Ltd bought a new position in Ferroglobe during the 1st quarter worth $44,000. Finally, PFG Investments LLC acquired a new stake in shares of Ferroglobe during the first quarter worth $45,000. Institutional investors own 89.64% of the company's stock.
Wall Street Analysts Forecast Growth
GSM has been the topic of several research reports. Weiss Ratings downgraded shares of Ferroglobe from a "sell (d)" rating to a "sell (d-)" rating in a research note on Tuesday. Wall Street Zen raised shares of Ferroglobe from a "hold" rating to a "buy" rating in a report on Saturday. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $6.00.
View Our Latest Report on Ferroglobe
Ferroglobe Trading Up 8.7%
GSM opened at $4.49 on Friday. Ferroglobe PLC has a twelve month low of $3.08 and a twelve month high of $5.74. The company has a 50-day simple moving average of $3.60 and a 200 day simple moving average of $4.23. The company has a quick ratio of 0.80, a current ratio of 1.29 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $837.97 million, a price-to-earnings ratio of -20.41 and a beta of 1.02.
Ferroglobe (NASDAQ:GSM - Get Free Report) last announced its quarterly earnings data on Tuesday, March 31st. The basic materials company reported ($0.07) earnings per share (EPS) for the quarter. The firm had revenue of $347.75 million for the quarter. Ferroglobe had a negative return on equity of 3.73% and a negative net margin of 2.96%. Analysts predict that Ferroglobe PLC will post -0.18 EPS for the current fiscal year.
Ferroglobe Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 22nd will be given a dividend of $0.015 per share. This represents a $0.06 annualized dividend and a yield of 1.3%. The ex-dividend date is Tuesday, September 22nd. Ferroglobe's payout ratio is currently -27.27%.
About Ferroglobe
(
Free Report)
Ferroglobe PLC is a leading producer of specialty metals and alloys, serving a diverse range of industrial customers worldwide. The company's core operations focus on the manufacture of silicon metal, silicon-based alloys, manganese-based alloys and rare earth alloys, which are essential inputs for the aluminum, steel, chemical and electronics industries. Ferroglobe's product portfolio includes high-purity silicon, ferrosilicon, silicon manganese, manganese alloys and various recarburizers used to enhance metal strength, durability and conductivity.
With production facilities located across North America, Europe, South America and Africa, Ferroglobe maintains a global footprint that allows it to supply customers on multiple continents.
See Also
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