Ferroglobe PLC (NASDAQ:GSM) Shares Purchased by Russell Investments Group Ltd.

Russell Investments Group Ltd. raised its holdings in Ferroglobe PLC (NASDAQ:GSM - Free Report) by 43.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,193,272 shares of the basic materials company's stock after acquiring an additional 359,807 shares during the quarter. Russell Investments Group Ltd. owned 0.64% of Ferroglobe worth $4,534,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Barclays PLC purchased a new stake in Ferroglobe during the third quarter worth $44,000. State Street Corp grew its stake in Ferroglobe by 1.6% in the 3rd quarter. State Street Corp now owns 163,238 shares of the basic materials company's stock valued at $757,000 after acquiring an additional 2,615 shares during the last quarter. Hosking Partners LLP increased its holdings in Ferroglobe by 1.8% during the 4th quarter. Hosking Partners LLP now owns 9,004,298 shares of the basic materials company's stock valued at $34,216,000 after acquiring an additional 159,845 shares in the last quarter. First Eagle Investment Management LLC raised its position in Ferroglobe by 10.8% during the fourth quarter. First Eagle Investment Management LLC now owns 2,030,772 shares of the basic materials company's stock worth $7,717,000 after acquiring an additional 197,317 shares during the last quarter. Finally, Donald Smith & CO. Inc. lifted its holdings in shares of Ferroglobe by 852.2% in the fourth quarter. Donald Smith & CO. Inc. now owns 5,951,051 shares of the basic materials company's stock valued at $22,614,000 after purchasing an additional 5,326,051 shares in the last quarter. 89.64% of the stock is currently owned by hedge funds and other institutional investors.

Ferroglobe Trading Up 2.6 %

Shares of NASDAQ GSM traded up $0.09 during midday trading on Monday, reaching $3.53. 1,655,244 shares of the stock were exchanged, compared to its average volume of 1,178,720. The stock has a 50 day moving average price of $3.64 and a 200-day moving average price of $3.98. 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 company has a market capitalization of $663.23 million, a P/E ratio of 176.50 and a beta of 1.58. Ferroglobe PLC has a 52-week low of $2.97 and a 52-week high of $6.19.

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

Ferroglobe Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Thursday, March 20th were given a dividend of $0.014 per share. The ex-dividend date was Thursday, March 20th. This is an increase from Ferroglobe's previous quarterly dividend of $0.01. This represents a $0.06 annualized dividend and a yield of 1.59%. Ferroglobe's dividend payout ratio is 250.00%.

Wall Street Analysts Forecast Growth

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

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.