Ferroglobe PLC (NASDAQ:GSM) Shares Sold by 272 Capital LP

272 Capital LP lowered its stake in shares of Ferroglobe PLC (NASDAQ:GSM - Free Report) by 65.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 144,160 shares of the basic materials company's stock after selling 269,095 shares during the period. 272 Capital LP owned 0.08% of Ferroglobe worth $669,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in GSM. Hosking Partners LLP increased its holdings in shares of Ferroglobe by 48.7% during the 2nd quarter. Hosking Partners LLP now owns 9,108,922 shares of the basic materials company's stock worth $48,824,000 after buying an additional 2,981,907 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its position in Ferroglobe by 15.2% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,621,112 shares of the basic materials company's stock worth $40,849,000 after acquiring an additional 1,003,918 shares during the period. Old West Investment Management LLC increased its stake in Ferroglobe by 233.4% during the third quarter. Old West Investment Management LLC now owns 3,758,501 shares of the basic materials company's stock worth $17,439,000 after acquiring an additional 2,631,024 shares during the last quarter. Bank of Montreal Can raised its position in Ferroglobe by 234.5% in the third quarter. Bank of Montreal Can now owns 3,484,201 shares of the basic materials company's stock valued at $15,958,000 after purchasing an additional 2,442,507 shares during the period. Finally, Thomist Capital Management LP lifted its stake in shares of Ferroglobe by 159.3% in the 2nd quarter. Thomist Capital Management LP now owns 3,133,022 shares of the basic materials company's stock valued at $18,031,000 after purchasing an additional 1,924,879 shares during the last quarter. 89.64% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Ferroglobe from a "hold" rating to a "buy" rating in a research report on Wednesday, August 7th.

Ferroglobe Trading Down 0.2 %

Shares of NASDAQ:GSM traded down $0.01 during mid-day trading on Friday, reaching $4.36. 573,818 shares of the company were exchanged, compared to its average volume of 1,299,100. The firm has a market cap of $817.19 million, a price-to-earnings ratio of 18.17 and a beta of 1.88. Ferroglobe PLC has a 1 year low of $3.99 and a 1 year high of $6.78. The firm's 50-day simple moving average is $4.40 and its 200 day simple moving average is $4.89. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.83 and a quick ratio of 1.00.

Ferroglobe (NASDAQ:GSM - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.05). Ferroglobe had a net margin of 2.74% and a return on equity of 7.55%. The company had revenue of $433.53 million during the quarter, compared to analyst estimates of $443.50 million. During the same quarter last year, the business earned $0.27 EPS. Equities research analysts forecast that Ferroglobe PLC will post 0.28 EPS for the current year.

Ferroglobe Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 20th will be paid a $0.013 dividend. This represents a $0.05 annualized dividend and a yield of 1.19%. The ex-dividend date is Friday, December 20th. Ferroglobe's payout ratio is currently 20.83%.

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.