Lloyd Harbor Capital Management LLC acquired a new stake in Ferroglobe PLC (NASDAQ:GSM - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 1,475,000 shares of the basic materials company's stock, valued at approximately $5,605,000. Ferroglobe accounts for about 3.7% of Lloyd Harbor Capital Management LLC's investment portfolio, making the stock its 14th biggest holding. Lloyd Harbor Capital Management LLC owned about 0.79% of Ferroglobe as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in GSM. Graham Capital Management L.P. raised its position 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 purchasing an additional 841,427 shares during the period. Deprince Race & Zollo Inc. increased its stake in 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 acquiring an additional 666,041 shares during the last quarter. Concentric Capital Strategies LP bought a new stake in shares of Ferroglobe during the 4th quarter worth $2,078,000. Northern Trust Corp boosted its stake in shares of Ferroglobe by 25.0% in the 4th quarter. Northern Trust Corp now owns 120,567 shares of the basic materials company's stock valued at $458,000 after purchasing an additional 24,111 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new stake in shares of Ferroglobe during the fourth quarter worth $1,324,000. 89.64% of the stock is owned by institutional investors.
Ferroglobe Stock Performance
Shares of GSM traded down $0.08 during trading hours on Thursday, hitting $3.80. The company's stock had a trading volume of 1,090,015 shares, compared to its average volume of 1,163,852. Ferroglobe PLC has a 52-week low of $2.97 and a 52-week high of $6.19. The business has a 50 day simple moving average of $3.63 and a two-hundred day simple moving average of $3.89. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.82 and a quick ratio of 1.00. The company has a market cap of $709.18 million, a price-to-earnings ratio of 190.00 and a beta of 1.69.
Ferroglobe (NASDAQ:GSM - Get Free Report) last released 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 firm had revenue of $307.18 million for the quarter, compared to analysts' expectations of $336.00 million. Ferroglobe had a net margin of 0.32% and a return on equity of 6.36%. On average, equities analysts expect that Ferroglobe PLC will post 0.33 earnings per share for the current fiscal year.
Ferroglobe Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Wednesday, June 18th will be given a $0.014 dividend. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $0.06 annualized dividend and a yield of 1.47%. Ferroglobe's payout ratio is currently -15.15%.
Analyst Ratings Changes
Several research analysts have commented on GSM shares. StockNews.com downgraded Ferroglobe from a "buy" rating to a "hold" rating in a report on Friday, February 21st. Seaport Res Ptn downgraded Ferroglobe from a "strong-buy" rating to a "hold" rating in a research note on Monday, February 24th.
Check Out Our Latest Analysis on GSM
Ferroglobe Company Profile
(
Free Report)
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.
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