145,200 Shares in Ferroglobe PLC (NASDAQ:GSM) Bought by Wexford Capital LP

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 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 145,200 shares of the basic materials company's stock, valued at approximately $552,000. Wexford Capital LP owned approximately 0.08% of Ferroglobe at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. State of Wyoming raised its holdings in shares of Ferroglobe by 165.3% in the fourth quarter. State of Wyoming now owns 122,523 shares of the basic materials company's stock valued at $466,000 after buying an additional 76,337 shares during the last quarter. OMERS ADMINISTRATION Corp purchased a new stake in shares of Ferroglobe in the fourth quarter valued at about $592,000. Lloyd Harbor Capital Management LLC purchased a new stake in shares of Ferroglobe in the fourth quarter valued at about $5,605,000. Graham Capital Management L.P. raised its holdings in shares of Ferroglobe by 1,185.6% in the fourth quarter. Graham Capital Management L.P. now owns 912,398 shares of the basic materials company's stock valued at $3,467,000 after buying an additional 841,427 shares during the last quarter. Finally, Deprince Race & Zollo Inc. raised its holdings in shares of Ferroglobe by 117.0% in the fourth quarter. Deprince Race & Zollo Inc. now owns 1,235,155 shares of the basic materials company's stock valued at $4,694,000 after buying an additional 666,041 shares during the last quarter. Institutional investors and hedge funds own 89.64% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Wall Street Zen cut shares of Ferroglobe from a "buy" rating to a "hold" rating in a report on Friday, February 21st. Seaport Res Ptn cut shares of Ferroglobe from a "strong-buy" rating to a "hold" rating in a report on Monday, February 24th.

Ferroglobe Trading Up 1.9%

NASDAQ GSM traded up $0.07 during mid-day trading on Friday, reaching $3.83. 797,993 shares of the stock were exchanged, compared to its average volume of 1,137,628. Ferroglobe PLC has a 1-year low of $2.97 and a 1-year high of $6.12. The business's fifty day simple moving average is $3.61 and its 200 day simple moving average is $3.87. The stock has a market capitalization of $714.78 million, a PE ratio of 191.50 and a beta of 1.69. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.00 and a current ratio of 1.82.

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

Ferroglobe Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Wednesday, June 18th will be paid a $0.014 dividend. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date of this dividend is Wednesday, June 18th. 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.