JPMorgan Chase & Co. Has $696,000 Stock Holdings in Ferroglobe PLC (NASDAQ:GSM)

JPMorgan Chase & Co. lifted its holdings in Ferroglobe PLC (NASDAQ:GSM - Free Report) by 213.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 183,035 shares of the basic materials company's stock after purchasing an additional 124,622 shares during the quarter. JPMorgan Chase & Co. owned 0.10% of Ferroglobe worth $696,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Barclays PLC bought a new position in Ferroglobe during the 3rd quarter valued at $44,000. State Street Corp boosted its stake in Ferroglobe by 1.6% during the third quarter. State Street Corp now owns 163,238 shares of the basic materials company's stock valued at $757,000 after buying an additional 2,615 shares in the last quarter. Hosking Partners LLP raised its position in Ferroglobe by 1.8% in the fourth quarter. Hosking Partners LLP now owns 9,004,298 shares of the basic materials company's stock worth $34,216,000 after acquiring an additional 159,845 shares in the last quarter. First Eagle Investment Management LLC lifted its holdings in Ferroglobe by 10.8% in the 4th quarter. First Eagle Investment Management LLC now owns 2,030,772 shares of the basic materials company's stock valued at $7,717,000 after acquiring an additional 197,317 shares during the last quarter. Finally, Royce & Associates LP boosted its position in shares of Ferroglobe by 24.2% during the 4th quarter. Royce & Associates LP now owns 3,387,958 shares of the basic materials company's stock valued at $12,874,000 after purchasing an additional 660,980 shares in the last quarter. 89.64% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

GSM has been the subject of a number of analyst reports. Seaport Res Ptn cut shares of Ferroglobe from a "strong-buy" rating to a "hold" rating in a report on Monday, February 24th. StockNews.com downgraded shares of Ferroglobe from a "buy" rating to a "hold" rating in a report on Friday, February 21st.

Ferroglobe Stock Performance

GSM stock traded up $0.04 during trading on Friday, reaching $3.54. 1,010,397 shares of the stock were exchanged, compared to its average volume of 1,164,387. The stock has a 50 day simple moving average of $3.60 and a 200-day simple moving average of $3.93. 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 twelve month low of $2.97 and a twelve month high of $6.19. The company has a market capitalization of $660.66 million, a P/E ratio of 177.00 and a beta of 1.58.

Ferroglobe (NASDAQ:GSM - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.03 EPS for the quarter, topping analysts' consensus estimates of ($0.01) by $0.04. Ferroglobe had a net margin of 0.32% and a return on equity of 6.36%. The company had revenue of $367.51 million during the quarter, compared to the consensus estimate of $393.00 million. As a group, sell-side analysts anticipate that Ferroglobe PLC will post 0.33 earnings per share for the current year.

Ferroglobe Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Thursday, March 20th were paid a $0.014 dividend. This represents a $0.06 annualized dividend and a dividend yield of 1.58%. The ex-dividend date of this dividend was Thursday, March 20th. This is an increase from Ferroglobe's previous quarterly dividend of $0.01. Ferroglobe's payout ratio is currently 250.00%.

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.