State of Wyoming Raises Stock Holdings in Ferroglobe PLC (NASDAQ:GSM)

State of Wyoming lifted its holdings in Ferroglobe PLC (NASDAQ:GSM - Free Report) by 165.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 122,523 shares of the basic materials company's stock after acquiring an additional 76,337 shares during the period. State of Wyoming owned 0.07% of Ferroglobe worth $466,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Geode Capital Management LLC boosted its stake in Ferroglobe by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 225,629 shares of the basic materials company's stock valued at $857,000 after buying an additional 2,760 shares during the last quarter. New York State Common Retirement Fund boosted its stake in Ferroglobe by 48.9% during the fourth quarter. New York State Common Retirement Fund now owns 22,143 shares of the basic materials company's stock valued at $84,000 after buying an additional 7,271 shares during the last quarter. Qtron Investments LLC boosted its stake in Ferroglobe by 49.7% during the fourth quarter. Qtron Investments LLC now owns 22,268 shares of the basic materials company's stock valued at $85,000 after buying an additional 7,396 shares during the last quarter. XTX Topco Ltd boosted its stake in Ferroglobe by 23.0% during the fourth quarter. XTX Topco Ltd now owns 39,653 shares of the basic materials company's stock valued at $151,000 after buying an additional 7,427 shares during the last quarter. Finally, Legal & General Group Plc boosted its stake in Ferroglobe by 12.1% during the fourth quarter. Legal & General Group Plc now owns 86,965 shares of the basic materials company's stock valued at $331,000 after buying an additional 9,400 shares during the last quarter. Institutional investors own 89.64% of the company's stock.

Ferroglobe Price Performance

Ferroglobe stock traded up $0.07 during midday trading on Friday, reaching $3.83. 797,993 shares of the stock traded hands, compared to its average volume of 1,137,645. Ferroglobe PLC has a 12 month low of $2.97 and a 12 month high of $6.12. 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's fifty day moving average is $3.61 and its 200-day moving average is $3.86. The stock has a market cap of $714.78 million, a P/E ratio of 191.50 and a beta of 1.69.

Ferroglobe (NASDAQ:GSM - Get Free Report) last issued its quarterly earnings data 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). Ferroglobe had a net margin of 0.32% and a return on equity of 6.36%. The company had revenue of $307.18 million for the quarter, compared to analysts' expectations of $336.00 million. As a group, equities research analysts anticipate that Ferroglobe PLC will post 0.33 EPS for the current year.

Ferroglobe Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Wednesday, June 18th will be given a dividend of $0.014 per share. 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 presently -15.15%.

Analysts Set New Price Targets

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. Wall Street Zen lowered Ferroglobe from a "buy" rating to a "hold" rating in a research note on Friday, February 21st.

Ferroglobe 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.