Two Sigma Investments LP Reduces Position in Ferroglobe PLC (NASDAQ:GSM)

Two Sigma Investments LP trimmed its position in shares of Ferroglobe PLC (NASDAQ:GSM - Free Report) by 88.3% during the 4th quarter, according to its most recent 13F 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 quarter. Two Sigma Investments LP's holdings in Ferroglobe were worth $118,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of GSM. Raymond James Financial Inc. purchased a new stake in Ferroglobe in the 4th quarter worth $42,000. LPL Financial LLC purchased a new stake in Ferroglobe in the 4th quarter worth $42,000. RPO LLC purchased a new stake in Ferroglobe in the 4th quarter worth $53,000. Quantbot Technologies LP purchased a new stake in Ferroglobe in the 4th quarter worth $77,000. Finally, New York State Common Retirement Fund increased its stake in Ferroglobe by 48.9% in the 4th quarter. New York State Common Retirement Fund now owns 22,143 shares of the basic materials company's stock worth $84,000 after buying an additional 7,271 shares in the last quarter. 89.64% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on GSM. Wall Street Zen upgraded Ferroglobe from a "sell" rating to a "hold" rating in a research note on Saturday, May 31st. Seaport Res Ptn lowered Ferroglobe from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 24th.

Ferroglobe Trading Down 1.3%

Shares of NASDAQ:GSM traded down $0.05 during trading on Friday, reaching $3.84. The company's stock had a trading volume of 761,072 shares, compared to its average volume of 1,123,254. The company has a current ratio of 1.82, a quick ratio of 1.00 and a debt-to-equity ratio of 0.02. Ferroglobe PLC has a 12 month low of $2.97 and a 12 month high of $6.11. The firm's 50 day simple moving average is $3.67 and its two-hundred day simple moving average is $3.82. The stock has a market capitalization of $716.64 million, a PE ratio of 192.00 and a beta of 1.58.

Ferroglobe (NASDAQ:GSM - Get Free Report) last announced its quarterly earnings data 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). The firm had revenue of $307.18 million during the quarter, compared to the consensus estimate of $336.00 million. Ferroglobe had a return on equity of 6.36% and a net margin of 0.32%. On average, research analysts predict that Ferroglobe PLC will post 0.33 EPS for the current fiscal year.

Ferroglobe Dividend Announcement

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

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.