CenterBook Partners LP purchased a new stake in shares of Ferroglobe PLC (NASDAQ:GSM - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 2,200,908 shares of the basic materials company's stock, valued at approximately $8,363,000. CenterBook Partners LP owned about 1.17% of Ferroglobe at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of GSM. Hosking Partners LLP increased its position in shares of Ferroglobe by 1.8% during the fourth quarter. Hosking Partners LLP now owns 9,004,298 shares of the basic materials company's stock valued at $34,216,000 after buying an additional 159,845 shares during the period. Donald Smith & CO. Inc. grew its holdings in shares of Ferroglobe by 852.2% during the 4th quarter. Donald Smith & CO. Inc. now owns 5,951,051 shares of the basic materials company's stock worth $22,614,000 after acquiring an additional 5,326,051 shares during the period. Royce & Associates LP grew its holdings in shares of Ferroglobe by 24.2% during the 4th quarter. Royce & Associates LP now owns 3,387,958 shares of the basic materials company's stock worth $12,874,000 after acquiring an additional 660,980 shares during the period. Old West Investment Management LLC raised its position in shares of Ferroglobe by 158.0% in the 3rd quarter. Old West Investment Management LLC now owns 2,908,501 shares of the basic materials company's stock worth $13,495,000 after acquiring an additional 1,781,024 shares in the last quarter. Finally, First Eagle Investment Management LLC boosted its position in shares of 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 valued at $7,717,000 after purchasing an additional 197,317 shares in the last quarter. Hedge funds and other institutional investors own 89.64% of the company's stock.
Ferroglobe Stock Up 0.6 %
Shares of GSM stock traded up $0.02 during trading hours on Monday, hitting $3.33. 288,045 shares of the company's stock traded hands, compared to its average volume of 1,172,006. The company has a quick ratio of 1.00, a current ratio of 1.82 and a debt-to-equity ratio of 0.02. The stock has a market cap of $625.66 million, a price-to-earnings ratio of 166.50 and a beta of 1.58. The stock's fifty day simple moving average is $3.70 and its two-hundred day simple moving average is $4.03. Ferroglobe PLC has a 12-month low of $2.97 and a 12-month high of $6.19.
Ferroglobe (NASDAQ:GSM - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $367.51 million for the quarter, compared to the consensus estimate of $393.00 million. Ferroglobe had a net margin of 0.32% and a return on equity of 6.36%. On average, analysts expect that Ferroglobe PLC will post 0.33 EPS for the current year.
Ferroglobe Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Thursday, March 20th were issued a $0.014 dividend. This is a positive change from Ferroglobe's previous quarterly dividend of $0.01. This represents a $0.06 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date was Thursday, March 20th. Ferroglobe's payout ratio is presently 250.00%.
Analyst Ratings Changes
A number of research firms have issued reports on GSM. StockNews.com downgraded Ferroglobe from a "buy" rating to a "hold" rating in a report on Friday, February 21st. Seaport Res Ptn lowered shares of Ferroglobe from a "strong-buy" rating to a "hold" rating in a research note on Monday, February 24th.
Check Out Our Latest Analysis on GSM
Ferroglobe Profile
(
Free Report)
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.
See Also
Before you consider Ferroglobe, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ferroglobe wasn't on the list.
While Ferroglobe currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
