Barrow Hanley Mewhinney & Strauss LLC Has $27.60 Million Holdings in Ferroglobe PLC (NASDAQ:GSM)

Barrow Hanley Mewhinney & Strauss LLC lowered its position in Ferroglobe PLC (NASDAQ:GSM - Free Report) by 4.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,262,029 shares of the basic materials company's stock after selling 316,488 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned about 3.87% of Ferroglobe worth $27,596,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in GSM. Heck Capital Advisors LLC acquired a new stake in Ferroglobe in the fourth quarter worth about $37,000. Raymond James Financial Inc. bought a new stake in shares of Ferroglobe during the 4th quarter worth about $42,000. LPL Financial LLC acquired a new stake in shares of Ferroglobe in the 4th quarter worth approximately $42,000. Barclays PLC bought a new position in shares of Ferroglobe in the third quarter valued at approximately $44,000. Finally, Quantbot Technologies LP acquired a new position in shares of Ferroglobe during the fourth quarter valued at approximately $77,000. Institutional investors own 89.64% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on GSM shares. Seaport Res Ptn downgraded Ferroglobe from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 24th. StockNews.com cut Ferroglobe from a "buy" rating to a "hold" rating in a research note on Friday, February 21st.

Ferroglobe Price Performance

Shares of GSM traded down $0.09 during mid-day trading on Friday, hitting $3.35. The company's stock had a trading volume of 2,327,837 shares, compared to its average volume of 1,191,451. Ferroglobe PLC has a fifty-two week low of $3.20 and a fifty-two week high of $6.19. The stock has a market capitalization of $629.41 million, a price-to-earnings ratio of 167.50 and a beta of 1.89. The firm has a 50-day moving average price of $3.80 and a 200 day moving average price of $4.08. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.82 and a quick ratio of 1.00.

Ferroglobe (NASDAQ:GSM - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.04. Ferroglobe had a return on equity of 6.36% and a net margin of 0.32%. The company had revenue of $367.51 million for the quarter, compared to analysts' expectations of $393.00 million. On average, research analysts predict 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. Stockholders of record on Thursday, March 20th were issued a dividend of $0.014 per share. This represents a $0.06 annualized dividend and a dividend yield of 1.67%. This is an increase from Ferroglobe's previous quarterly dividend of $0.01. The ex-dividend date of this dividend was Thursday, March 20th. Ferroglobe's dividend payout ratio is currently 250.00%.

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.