Susquehanna Fundamental Investments LLC Invests $1.32 Million in Ferroglobe PLC (NASDAQ:GSM)

Susquehanna Fundamental Investments LLC bought a new stake in Ferroglobe PLC (NASDAQ:GSM - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 348,365 shares of the basic materials company's stock, valued at approximately $1,324,000. Susquehanna Fundamental Investments LLC owned approximately 0.19% of Ferroglobe at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. State Street Corp grew its position in Ferroglobe by 1.6% in the third quarter. State Street Corp now owns 163,238 shares of the basic materials company's stock worth $757,000 after acquiring an additional 2,615 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Ferroglobe by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 225,629 shares of the basic materials company's stock worth $857,000 after purchasing an additional 2,760 shares in the last quarter. New York State Common Retirement Fund increased its position in Ferroglobe by 48.9% during the fourth quarter. New York State Common Retirement Fund now owns 22,143 shares of the basic materials company's stock worth $84,000 after buying an additional 7,271 shares during the last quarter. Qtron Investments LLC raised its holdings in Ferroglobe by 49.7% during the fourth quarter. Qtron Investments LLC now owns 22,268 shares of the basic materials company's stock valued at $85,000 after buying an additional 7,396 shares in the last quarter. Finally, XTX Topco Ltd lifted its position in shares of Ferroglobe by 23.0% in the fourth quarter. XTX Topco Ltd now owns 39,653 shares of the basic materials company's stock worth $151,000 after buying an additional 7,427 shares during the last quarter. 89.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

GSM has been the topic of a number of recent analyst reports. Seaport Res Ptn downgraded Ferroglobe from a "strong-buy" rating to a "hold" rating in a research note on Monday, February 24th. StockNews.com downgraded Ferroglobe from a "buy" rating to a "hold" rating in a research report on Friday, February 21st.

Ferroglobe Stock Performance

NASDAQ:GSM traded down $0.06 during trading hours on Monday, hitting $3.48. 897,381 shares of the company traded hands, compared to its average volume of 1,162,051. The firm has a 50-day moving average of $3.60 and a 200 day moving average of $3.92. Ferroglobe PLC has a twelve month low of $2.97 and a twelve month high of $6.19. 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 stock has a market capitalization of $649.46 million, a price-to-earnings ratio of 174.00 and a beta of 1.58.

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

Ferroglobe Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Thursday, March 20th were given a dividend of $0.014 per share. This is a positive change from Ferroglobe's previous quarterly dividend of $0.01. This represents a $0.06 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend was Thursday, March 20th. Ferroglobe's payout ratio is 250.00%.

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.