Lloyd Harbor Capital Management LLC Takes Position in Ferroglobe PLC (NASDAQ:GSM)

Lloyd Harbor Capital Management LLC bought a new stake in shares of Ferroglobe PLC (NASDAQ:GSM - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 1,475,000 shares of the basic materials company's stock, valued at approximately $5,605,000. Ferroglobe comprises approximately 3.7% of Lloyd Harbor Capital Management LLC's investment portfolio, making the stock its 14th biggest holding. Lloyd Harbor Capital Management LLC owned 0.79% of Ferroglobe at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of GSM. Donald Smith & CO. Inc. raised its stake in shares of Ferroglobe by 852.2% in the 4th quarter. Donald Smith & CO. Inc. now owns 5,951,051 shares of the basic materials company's stock valued at $22,614,000 after buying an additional 5,326,051 shares in the last quarter. CenterBook Partners LP bought a new position in Ferroglobe during the 4th quarter valued at about $8,363,000. Graham Capital Management L.P. lifted its holdings in Ferroglobe by 1,185.6% during the 4th 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 last quarter. Wolf Hill Capital Management LP lifted its holdings in Ferroglobe by 11.0% during the 4th quarter. Wolf Hill Capital Management LP now owns 7,236,693 shares of the basic materials company's stock valued at $27,499,000 after purchasing an additional 714,726 shares during the last quarter. Finally, Deprince Race & Zollo Inc. lifted its holdings in Ferroglobe by 117.0% during the 4th quarter. Deprince Race & Zollo Inc. now owns 1,235,155 shares of the basic materials company's stock valued at $4,694,000 after purchasing an additional 666,041 shares during the last quarter. 89.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Ferroglobe Trading Up 1.1%

Shares of NASDAQ:GSM traded up $0.04 during trading on Friday, hitting $3.84. 790,216 shares of the company's stock were exchanged, compared to its average volume of 1,144,591. Ferroglobe PLC has a 1-year low of $2.97 and a 1-year high of $6.19. The firm has a 50-day moving average price of $3.63 and a two-hundred day moving average price of $3.88. The company has a current ratio of 1.82, a quick ratio of 1.00 and a debt-to-equity ratio of 0.02. The firm has a market cap of $716.64 million, a P/E ratio of 192.00 and a beta of 1.69.

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

Ferroglobe Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Wednesday, June 18th will be issued a dividend of $0.014 per share. This represents a $0.06 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date is Wednesday, June 18th. Ferroglobe's dividend payout ratio is currently -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.