Ferroglobe PLC (NASDAQ:GSM) Shares Sold by Maven Securities LTD

Maven Securities LTD decreased its holdings in shares of Ferroglobe PLC (NASDAQ:GSM - Free Report) by 86.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 40,000 shares of the basic materials company's stock after selling 257,513 shares during the quarter. Maven Securities LTD's holdings in Ferroglobe were worth $152,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Heck Capital Advisors LLC purchased a new position in shares of Ferroglobe during the 4th quarter worth approximately $37,000. Raymond James Financial Inc. purchased a new position in shares of Ferroglobe during the fourth quarter worth $42,000. LPL Financial LLC acquired a new stake in shares of Ferroglobe in the fourth quarter valued at $42,000. Barclays PLC acquired a new stake in shares of Ferroglobe in the third quarter valued at $44,000. Finally, RPO LLC purchased a new stake in shares of Ferroglobe in the 4th quarter valued at $53,000. Institutional investors and hedge funds own 89.64% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. StockNews.com cut 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 research report on Monday, February 24th.

Ferroglobe Stock Up 0.4%

Ferroglobe stock traded up $0.02 during mid-day trading on Tuesday, reaching $3.85. 208,916 shares of the company's stock were exchanged, compared to its average volume of 1,008,564. The company has a quick ratio of 1.00, a current ratio of 1.82 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 $6.16. The company has a market cap of $717.58 million, a P/E ratio of 192.25 and a beta of 1.69. The company has a fifty day moving average of $3.63 and a 200-day moving average of $3.87.

Ferroglobe (NASDAQ:GSM - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The basic materials company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate 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%. Sell-side analysts expect that Ferroglobe PLC will post 0.33 EPS for the current year.

Ferroglobe Announces Dividend

The business also recently declared 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. This represents a $0.06 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date of this dividend is Wednesday, June 18th. Ferroglobe's dividend payout ratio is currently -15.15%.

Ferroglobe 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.