Thomist Capital Management LP Sells 836,975 Shares of Ferroglobe PLC (NASDAQ:GSM)

Thomist Capital Management LP lowered its stake in Ferroglobe PLC (NASDAQ:GSM - Free Report) by 25.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,482,895 shares of the basic materials company's stock after selling 836,975 shares during the quarter. Ferroglobe comprises approximately 2.3% of Thomist Capital Management LP's investment portfolio, making the stock its 14th biggest holding. Thomist Capital Management LP owned 1.32% of Ferroglobe worth $9,385,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Barclays PLC acquired a new stake in Ferroglobe during the third quarter worth about $44,000. Heck Capital Advisors LLC acquired a new stake in shares of Ferroglobe in the 4th quarter valued at approximately $37,000. Raymond James Financial Inc. acquired a new stake in shares of Ferroglobe in the 4th quarter valued at approximately $42,000. LPL Financial LLC acquired a new stake in shares of Ferroglobe in the 4th quarter valued at approximately $42,000. Finally, RPO LLC acquired a new stake in shares of Ferroglobe in the 4th quarter valued at approximately $53,000. Institutional investors own 89.64% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on GSM shares. StockNews.com downgraded shares of Ferroglobe from a "buy" rating to a "hold" rating in a research note on Friday, February 21st. Seaport Res Ptn lowered shares of Ferroglobe from a "strong-buy" rating to a "hold" rating in a report on Monday, February 24th.

Ferroglobe Trading Up 0.3%

NASDAQ GSM traded up $0.01 on Tuesday, reaching $3.84. The company had a trading volume of 696,347 shares, compared to its average volume of 1,141,478. The firm has a market cap of $716.64 million, a price-to-earnings ratio of 192.00 and a beta of 1.69. Ferroglobe PLC has a fifty-two week low of $2.97 and a fifty-two week high of $6.16. The business has a 50 day moving average of $3.62 and a two-hundred day moving average of $3.87. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.82 and a quick ratio of 1.00.

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 the consensus estimate of ($0.12) by ($0.08). Ferroglobe had a return on equity of 6.36% and a net margin of 0.32%. The firm had revenue of $307.18 million for the quarter, compared to the consensus estimate of $336.00 million. Analysts forecast that Ferroglobe PLC will post 0.33 EPS for the current year.

Ferroglobe Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Wednesday, June 18th will be paid a $0.014 dividend. The ex-dividend date is Wednesday, June 18th. This represents a $0.06 annualized dividend and a dividend yield of 1.46%. Ferroglobe's dividend payout ratio is currently -15.15%.

Ferroglobe Company 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.