Ferroglobe PLC (NASDAQ:GSM) Shares Sold by RBF Capital LLC

RBF Capital LLC reduced its position in shares of Ferroglobe PLC (NASDAQ:GSM - Free Report) by 7.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 887,352 shares of the basic materials company's stock after selling 73,000 shares during the period. RBF Capital LLC owned approximately 0.47% of Ferroglobe worth $3,372,000 as of its most recent SEC filing.

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

Ferroglobe Trading Down 3.4 %

NASDAQ:GSM traded down $0.13 on Monday, reaching $3.60. The stock had a trading volume of 250,288 shares, compared to its average volume of 1,171,152. The company has a market cap of $675.45 million, a price-to-earnings ratio of 180.25 and a beta of 1.58. Ferroglobe PLC has a 12-month low of $2.97 and a 12-month high of $6.19. 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 firm's fifty day moving average is $3.61 and its two-hundred day moving average is $3.96.

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

Ferroglobe Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Thursday, March 20th were issued a $0.014 dividend. This represents a $0.06 dividend on an annualized basis and a yield of 1.56%. This is an increase from Ferroglobe's previous quarterly dividend of $0.01. The ex-dividend date was Thursday, March 20th. Ferroglobe's payout ratio is presently 250.00%.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. StockNews.com downgraded shares of Ferroglobe from a "buy" rating to a "hold" rating in a report on Friday, February 21st. Seaport Res Ptn lowered Ferroglobe from a "strong-buy" rating to a "hold" rating in a research note on Monday, February 24th.

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.