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

Several other institutional investors have also recently made changes to their positions in GSM. Heck Capital Advisors LLC acquired a new position in shares of Ferroglobe during the fourth quarter valued at about $37,000. Creative Financial Designs Inc. ADV acquired a new position in shares of Ferroglobe during the first quarter valued at about $37,000. PNC Financial Services Group Inc. acquired a new position in shares of Ferroglobe during the first quarter valued at about $38,000. Raymond James Financial Inc. acquired a new stake in shares of Ferroglobe in the 4th quarter worth about $42,000. Finally, PFG Investments LLC acquired a new stake in shares of Ferroglobe in the 1st quarter worth about $42,000. Institutional investors and hedge funds own 89.64% of the company's stock.

Ferroglobe Stock Down 2.8%

GSM stock traded down $0.12 during trading on Friday, reaching $4.14. The stock had a trading volume of 678,671 shares, compared to its average volume of 778,088. Ferroglobe PLC has a one year low of $2.97 and a one year high of $5.12. The company has a quick ratio of 0.98, a current ratio of 1.56 and a debt-to-equity ratio of 0.14. The company's 50 day moving average is $4.29 and its two-hundred day moving average is $3.91. The company has a market capitalization of $772.65 million, a price-to-earnings ratio of -7.26 and a beta of 1.69.

Ferroglobe (NASDAQ:GSM - Get Free Report) last issued 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 return on equity of 2.85% and a negative net margin of 6.99%.The firm had revenue of $386.86 million during the quarter, compared to the consensus estimate of $398.00 million. Equities research analysts forecast that Ferroglobe PLC will post 0.33 EPS for the current year.

Ferroglobe Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Monday, September 22nd will be given a $0.014 dividend. This represents a $0.06 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Monday, September 22nd. Ferroglobe's dividend payout ratio is presently -10.53%.

Wall Street Analyst Weigh In

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

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.