Two Sigma Investments LP Lowers Stake in Ferroglobe PLC (NASDAQ:GSM)

Two Sigma Investments LP cut its holdings in shares of Ferroglobe PLC (NASDAQ:GSM - Free Report) by 88.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,108 shares of the basic materials company's stock after selling 233,688 shares during the period. Two Sigma Investments LP's holdings in Ferroglobe were worth $118,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in GSM. Geode Capital Management LLC increased its stake in Ferroglobe by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 225,629 shares of the basic materials company's stock valued at $857,000 after purchasing an additional 2,760 shares in the last quarter. New York State Common Retirement Fund grew its holdings in shares of 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 increased its position in shares of Ferroglobe by 49.7% during the fourth quarter. Qtron Investments LLC now owns 22,268 shares of the basic materials company's stock worth $85,000 after acquiring an additional 7,396 shares in the last quarter. XTX Topco Ltd increased its position in shares of Ferroglobe by 23.0% during the fourth quarter. XTX Topco Ltd now owns 39,653 shares of the basic materials company's stock worth $151,000 after acquiring an additional 7,427 shares in the last quarter. Finally, Legal & General Group Plc raised its holdings in shares of Ferroglobe by 12.1% in the 4th quarter. Legal & General Group Plc now owns 86,965 shares of the basic materials company's stock worth $331,000 after acquiring an additional 9,400 shares during the last quarter. 89.64% of the stock is owned by institutional investors.

Ferroglobe Stock Performance

Shares of NASDAQ GSM traded up $0.08 during trading on Monday, reaching $3.92. 778,033 shares of the stock traded hands, compared to its average volume of 1,122,577. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.82 and a quick ratio of 1.00. The stock has a market capitalization of $731.57 million, a P/E ratio of 196.00 and a beta of 1.58. Ferroglobe PLC has a 52-week low of $2.97 and a 52-week high of $6.11. The company has a 50-day moving average of $3.69 and a 200-day moving average of $3.81.

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 for the quarter, compared to analysts' expectations of $336.00 million. Analysts forecast that Ferroglobe PLC will post 0.33 EPS for the current fiscal year.

Ferroglobe Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Wednesday, June 18th will be paid a dividend of $0.014 per share. The ex-dividend date is Wednesday, June 18th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.43%. Ferroglobe's payout ratio is -15.15%.

Wall Street Analysts Forecast Growth

GSM has been the subject of a number of analyst reports. Seaport Res Ptn lowered Ferroglobe from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 24th. Wall Street Zen upgraded shares of Ferroglobe from a "sell" rating to a "hold" rating in a report on Saturday, May 31st.

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.