Trexquant Investment LP Has $758,000 Stock Holdings in Ferroglobe PLC $GSM

Key Points

• Trexquant Investment LP has reduced its stake in Ferroglobe PLC by 63.1%, now holding 204,207 shares valued at approximately $758,000.
• Ferroglobe recently reported earnings of ($0.08) EPS, missing the consensus estimate, while the company declared a quarterly dividend of $0.014 per share.
• Wall Street Zen has downgraded Ferroglobe from a "hold" rating to a "sell" rating, impacting market perceptions of the stock's value.

Trexquant Investment LP cut its stake in shares of Ferroglobe PLC (NASDAQ:GSM - Free Report) by 63.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 204,207 shares of the basic materials company's stock after selling 349,775 shares during the period. Trexquant Investment LP owned 0.11% of Ferroglobe worth $758,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Maven Securities LTD boosted its position in Ferroglobe by 168.1% during the first quarter. Maven Securities LTD now owns 107,228 shares of the basic materials company's stock valued at $398,000 after purchasing an additional 67,228 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Ferroglobe by 820.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 341,479 shares of the basic materials company's stock valued at $1,267,000 after purchasing an additional 304,381 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in Ferroglobe by 72.3% during the first quarter. Envestnet Asset Management Inc. now owns 288,746 shares of the basic materials company's stock valued at $1,071,000 after purchasing an additional 121,176 shares during the last quarter. Old West Investment Management LLC boosted its position in Ferroglobe by 58.7% during the first quarter. Old West Investment Management LLC now owns 3,435,932 shares of the basic materials company's stock valued at $12,747,000 after purchasing an additional 1,270,625 shares during the last quarter. Finally, Lloyd Harbor Capital Management LLC acquired a new position in Ferroglobe during the fourth quarter valued at approximately $5,605,000. 89.64% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Wall Street Zen cut Ferroglobe from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, Ferroglobe currently has a consensus rating of "Hold".

Ferroglobe Stock Performance

GSM opened at $4.28 on Monday. Ferroglobe PLC has a 12-month low of $2.97 and a 12-month high of $5.12. The stock has a market cap of $798.78 million, a price-to-earnings ratio of -7.51 and a beta of 1.69. The business has a 50 day moving average of $4.28 and a 200-day moving average of $3.89. The company has a quick ratio of 0.98, a current ratio of 1.56 and a debt-to-equity ratio of 0.14.

Ferroglobe (NASDAQ:GSM - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The basic materials company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.06). Ferroglobe had a negative net margin of 6.99% and a negative return on equity of 2.85%. The business had revenue of $386.86 million during the quarter, compared to analyst estimates of $398.00 million. On average, equities research analysts expect that Ferroglobe PLC will post 0.33 earnings per share for the current year.

Ferroglobe Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 22nd will be issued a dividend of $0.014 per share. This represents a $0.06 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Monday, September 22nd. Ferroglobe's dividend payout ratio (DPR) is presently -10.53%.

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.

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