Universal Beteiligungs und Servicegesellschaft mbH Acquires Shares of 199,000 Ferroglobe PLC (NASDAQ:GSM)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Ferroglobe PLC, purchasing 199,000 shares valued at approximately $738,000.
• Ferroglobe reported a loss of $0.20 earnings per share for the latest quarter, which was below analysts' expectations, with actual revenue of $307.18 million compared to predictions of $336 million.
• Wall Street Zen upgraded Ferroglobe from a "sell" to a "hold" rating, signifying a more optimistic outlook for the stock.

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Ferroglobe PLC (NASDAQ:GSM - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 199,000 shares of the basic materials company's stock, valued at approximately $738,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.11% of Ferroglobe as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Heck Capital Advisors LLC bought a new position in Ferroglobe in the 4th quarter valued at about $37,000. Creative Financial Designs Inc. ADV acquired a new stake in shares of Ferroglobe in the 1st quarter valued at approximately $37,000. LPL Financial LLC acquired a new stake in Ferroglobe during the 4th quarter worth approximately $42,000. Raymond James Financial Inc. acquired a new stake in Ferroglobe during the 4th quarter worth approximately $42,000. Finally, PFG Investments LLC acquired a new stake in Ferroglobe during the 1st quarter worth approximately $42,000. 89.64% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of Ferroglobe from a "sell" rating to a "hold" rating in a research report on Saturday, May 31st.

Ferroglobe Trading Up 4.4%

Shares of NASDAQ GSM traded up $0.17 during midday trading on Tuesday, reaching $4.04. The stock had a trading volume of 2,168,311 shares, compared to its average volume of 1,250,067. The company's 50 day moving average price is $4.10 and its 200 day moving average price is $3.85. The firm has a market cap of $753.97 million, a price-to-earnings ratio of -12.24 and a beta of 1.62. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.00 and a current ratio of 1.66. Ferroglobe PLC has a twelve month low of $2.97 and a twelve month high of $5.21.

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). The business had revenue of $307.18 million for the quarter, compared to the consensus estimate of $336.00 million. Ferroglobe had a negative net margin of 3.80% and a positive return on equity of 1.93%. As a group, sell-side analysts expect that Ferroglobe PLC will post 0.33 EPS for the current year.

Ferroglobe Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Stockholders of record on Wednesday, June 18th were paid a $0.014 dividend. The ex-dividend date was Wednesday, June 18th. This represents a $0.06 annualized dividend and a dividend yield of 1.4%. Ferroglobe's dividend payout ratio is presently -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.