Wexford Capital LP Takes $552,000 Position in Ferroglobe PLC (NASDAQ:GSM)

Wexford Capital LP acquired a new stake in Ferroglobe PLC (NASDAQ:GSM - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 145,200 shares of the basic materials company's stock, valued at approximately $552,000. Wexford Capital LP owned about 0.08% of Ferroglobe at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of GSM. Barclays PLC bought a new stake in Ferroglobe in the third quarter valued at about $44,000. Heck Capital Advisors LLC bought a new stake in Ferroglobe during the fourth quarter worth about $37,000. State of New Jersey Common Pension Fund D bought a new stake in Ferroglobe during the fourth quarter worth about $96,000. New York State Common Retirement Fund grew its stake in 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 worth $84,000 after buying an additional 7,271 shares during the last quarter. Finally, Legacy Capital Group California Inc. grew its stake in Ferroglobe by 19.9% during the fourth quarter. Legacy Capital Group California Inc. now owns 64,297 shares of the basic materials company's stock worth $244,000 after buying an additional 10,679 shares during the last quarter. Institutional investors and hedge funds own 89.64% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on GSM shares. Seaport Res Ptn downgraded shares of Ferroglobe from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 24th. StockNews.com downgraded shares of Ferroglobe from a "buy" rating to a "hold" rating in a research report on Friday, February 21st.

Ferroglobe Stock Performance

Shares of GSM stock traded down $0.04 during midday trading on Wednesday, hitting $3.80. 649,224 shares of the company were exchanged, compared to its average volume of 1,141,268. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.00 and a current ratio of 1.82. The firm has a market capitalization of $709.18 million, a P/E ratio of 190.00 and a beta of 1.69. Ferroglobe PLC has a 52 week low of $2.97 and a 52 week high of $6.12. The firm's 50 day moving average price is $3.62 and its two-hundred day moving average price is $3.87.

Ferroglobe (NASDAQ:GSM - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The basic materials company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.08). The business had revenue of $307.18 million during the quarter, compared to the consensus estimate of $336.00 million. Ferroglobe had a net margin of 0.32% and a return on equity of 6.36%. As a group, equities research analysts anticipate that Ferroglobe PLC will post 0.33 earnings per share for the current year.

Ferroglobe Announces Dividend

The firm 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 1.47%. The ex-dividend date of this dividend is Wednesday, June 18th. Ferroglobe's payout ratio is currently -15.15%.

About Ferroglobe

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.