Squarepoint Ops LLC Has $281,000 Stock Holdings in Ferroglobe PLC (NASDAQ:GSM)

Squarepoint Ops LLC decreased its holdings in Ferroglobe PLC (NASDAQ:GSM - Free Report) by 54.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 73,835 shares of the basic materials company's stock after selling 89,205 shares during the quarter. Squarepoint Ops LLC's holdings in Ferroglobe were worth $281,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Raymond James Financial Inc. bought a new stake in shares of Ferroglobe in the 4th quarter worth $42,000. LPL Financial LLC acquired a new position in Ferroglobe during the fourth quarter worth about $42,000. RPO LLC bought a new stake in Ferroglobe in the fourth quarter worth about $53,000. Quantbot Technologies LP acquired a new stake in Ferroglobe in the 4th quarter valued at about $77,000. Finally, New York State Common Retirement Fund lifted its holdings in Ferroglobe by 48.9% in 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 during the last quarter. 89.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GSM has been the topic of a number of research reports. Seaport Res Ptn downgraded shares of Ferroglobe from a "strong-buy" rating to a "hold" rating in a report on Monday, February 24th. Wall Street Zen raised Ferroglobe from a "sell" rating to a "hold" rating in a report on Saturday, May 31st.

Ferroglobe Trading Down 2.0%

Shares of NASDAQ:GSM traded down $0.08 during midday trading on Tuesday, reaching $4.01. The company had a trading volume of 874,699 shares, compared to its average volume of 1,127,622. The company has a fifty day simple moving average of $3.62 and a two-hundred day simple moving average of $3.82. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.00 and a current ratio of 1.82. The firm has a market cap of $748.37 million, a price-to-earnings ratio of 200.50 and a beta of 1.58. Ferroglobe PLC has a 1-year low of $2.97 and a 1-year high of $6.11.

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 analysts' consensus estimates of ($0.12) by ($0.08). The firm had revenue of $307.18 million for the quarter, compared to analyst estimates of $336.00 million. Ferroglobe had a net margin of 0.32% and a return on equity of 6.36%. Research analysts predict that Ferroglobe PLC will post 0.33 earnings per share for the current year.

Ferroglobe Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Wednesday, June 18th will be issued a dividend of $0.014 per share. This represents a $0.06 annualized dividend and a dividend yield of 1.40%. The ex-dividend date is Wednesday, June 18th. Ferroglobe's dividend payout ratio is currently -15.15%.

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.