Ferroglobe PLC (NASDAQ:GSM) Stake Lessened by Boston Partners

Boston Partners cut its holdings in Ferroglobe PLC (NASDAQ:GSM - Free Report) by 96.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 151,271 shares of the basic materials company's stock after selling 4,101,187 shares during the period. Boston Partners owned 0.08% of Ferroglobe worth $985,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in GSM. New York State Common Retirement Fund purchased a new stake in shares of Ferroglobe in the 3rd quarter valued at approximately $47,000. Covestor Ltd boosted its position in shares of Ferroglobe by 12,965.3% during the third quarter. Covestor Ltd now owns 9,407 shares of the basic materials company's stock worth $49,000 after buying an additional 9,335 shares during the period. Mutual Advisors LLC acquired a new stake in shares of Ferroglobe in the third quarter valued at $52,000. Banco Santander S.A. purchased a new stake in shares of Ferroglobe in the 3rd quarter valued at $77,000. Finally, Fox Run Management L.L.C. purchased a new stake in shares of Ferroglobe in the 3rd quarter valued at $79,000. 89.64% of the stock is currently owned by hedge funds and other institutional investors.

Ferroglobe Stock Up 1.5 %

GSM traded up $0.09 on Friday, hitting $6.03. 1,951,041 shares of the company were exchanged, compared to its average volume of 1,416,984. The company has a current ratio of 1.74, a quick ratio of 1.32 and a debt-to-equity ratio of 0.02. The company has a market cap of $1.13 billion, a price-to-earnings ratio of 17.74 and a beta of 1.99. The firm has a 50-day moving average price of $5.09 and a two-hundred day moving average price of $5.34. Ferroglobe PLC has a twelve month low of $4.18 and a twelve month high of $6.78.

Ferroglobe (NASDAQ:GSM - Get Free Report) last announced its quarterly earnings data on Wednesday, February 21st. The basic materials company reported $0.09 earnings per share for the quarter, beating analysts' consensus estimates of $0.04 by $0.05. The business had revenue of $375.95 million for the quarter, compared to analyst estimates of $318.80 million. Ferroglobe had a net margin of 3.92% and a return on equity of 15.04%. On average, equities analysts predict that Ferroglobe PLC will post 0.24 earnings per share for the current year.

Ferroglobe Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Monday, June 17th will be paid a dividend of $0.013 per share. This represents a $0.05 annualized dividend and a yield of 0.86%. The ex-dividend date is Monday, June 17th. Ferroglobe's payout ratio is 14.71%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Ferroglobe from a "hold" rating to a "buy" rating in a report on Thursday, May 9th.

Ferroglobe Company Profile

Ferroglobe PLC operates in the silicon and specialty metals industry 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, as well as silicon metal for primary and secondary aluminum producers; silicomanganese, which is used as deoxidizing agent in the steel manufacturing process; and ferromanganese that is used as a deoxidizing, desulphurizing, and degassing agent in the removal of nitrogen and other harmful elements from steel.