State of Wyoming raised its stake in shares of Ferroglobe PLC (NASDAQ:GSM - Free Report) by 165.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 122,523 shares of the basic materials company's stock after buying an additional 76,337 shares during the quarter. State of Wyoming owned about 0.07% of Ferroglobe worth $466,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Cooper Creek Partners Management LLC grew its stake in Ferroglobe by 2.0% during the fourth quarter. Cooper Creek Partners Management LLC now owns 14,990,483 shares of the basic materials company's stock valued at $56,964,000 after acquiring an additional 291,201 shares in the last quarter. Hosking Partners LLP boosted its holdings in shares of Ferroglobe by 1.8% during the 4th 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. Wolf Hill Capital Management LP grew its position in shares of Ferroglobe by 11.0% during the fourth quarter. Wolf Hill Capital Management LP now owns 7,236,693 shares of the basic materials company's stock valued at $27,499,000 after purchasing an additional 714,726 shares in the last quarter. Donald Smith & CO. Inc. increased its holdings in shares of Ferroglobe by 852.2% in the fourth quarter. Donald Smith & CO. Inc. now owns 5,951,051 shares of the basic materials company's stock worth $22,614,000 after purchasing an additional 5,326,051 shares during the last quarter. Finally, Royce & Associates LP increased its holdings in shares of Ferroglobe by 24.2% in the fourth quarter. Royce & Associates LP now owns 3,387,958 shares of the basic materials company's stock worth $12,874,000 after purchasing an additional 660,980 shares during the last quarter. Institutional investors own 89.64% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages recently commented on GSM. Seaport Res Ptn lowered Ferroglobe from a "strong-buy" rating to a "hold" rating in a research note on Monday, February 24th. StockNews.com downgraded Ferroglobe from a "buy" rating to a "hold" rating in a research report on Friday, February 21st.
Check Out Our Latest Report on GSM
Ferroglobe Stock Performance
Shares of NASDAQ:GSM opened at $3.83 on Tuesday. The firm has a fifty day simple moving average of $3.63 and a two-hundred day simple moving average of $3.87. Ferroglobe PLC has a 52 week low of $2.97 and a 52 week high of $6.19. The company has a quick ratio of 1.00, a current ratio of 1.82 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $714.78 million, a P/E ratio of 191.50 and a beta of 1.69.
Ferroglobe (NASDAQ:GSM - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The basic materials company reported ($0.20) EPS for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.08). Ferroglobe had a net margin of 0.32% and a return on equity of 6.36%. The business had revenue of $307.18 million during the quarter, compared to the consensus estimate of $336.00 million. On average, analysts expect that Ferroglobe PLC will post 0.33 earnings per share for the current fiscal year.
Ferroglobe Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Wednesday, June 18th will be issued a $0.014 dividend. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date is Wednesday, June 18th. Ferroglobe's dividend payout ratio (DPR) is -15.15%.
About Ferroglobe
(
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.
See Also
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