Cooper Creek Partners Management LLC Has $56.96 Million Holdings in Ferroglobe PLC (NASDAQ:GSM)

Cooper Creek Partners Management LLC lifted its holdings in shares of Ferroglobe PLC (NASDAQ:GSM - Free Report) by 2.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 14,990,483 shares of the basic materials company's stock after acquiring an additional 291,201 shares during the quarter. Ferroglobe accounts for about 1.8% of Cooper Creek Partners Management LLC's investment portfolio, making the stock its 20th biggest position. Cooper Creek Partners Management LLC owned approximately 7.98% of Ferroglobe worth $56,964,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. State Street Corp boosted its holdings in shares of 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 buying an additional 2,615 shares during the period. Geode Capital Management LLC lifted its position in Ferroglobe by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 225,629 shares of the basic materials company's stock valued at $857,000 after purchasing an additional 2,760 shares during the last quarter. New York State Common Retirement Fund boosted its stake in Ferroglobe by 48.9% during the 4th quarter. New York State Common Retirement Fund now owns 22,143 shares of the basic materials company's stock valued at $84,000 after purchasing an additional 7,271 shares during the period. Qtron Investments LLC grew its position in Ferroglobe by 49.7% in the 4th quarter. Qtron Investments LLC now owns 22,268 shares of the basic materials company's stock worth $85,000 after purchasing an additional 7,396 shares during the last quarter. Finally, Legal & General Group Plc increased its stake in shares of Ferroglobe by 12.1% in the fourth quarter. Legal & General Group Plc now owns 86,965 shares of the basic materials company's stock valued at $331,000 after purchasing an additional 9,400 shares during the period. Institutional investors and hedge funds own 89.64% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on the company. Seaport Res Ptn cut Ferroglobe from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 24th. StockNews.com cut shares of Ferroglobe from a "buy" rating to a "hold" rating in a research note on Friday, February 21st.

Ferroglobe Price Performance

NASDAQ GSM traded down $0.01 on Friday, reaching $3.44. 905,038 shares of the stock traded hands, compared to its average volume of 1,175,372. Ferroglobe PLC has a 12 month low of $2.97 and a 12 month high of $6.19. The company has a market cap of $646.32 million, a price-to-earnings ratio of 172.00 and a beta of 1.58. The firm's fifty day simple moving average is $3.67 and its 200 day simple moving average is $4.00. The company has a quick ratio of 1.00, a current ratio of 1.82 and a debt-to-equity ratio of 0.02.

Ferroglobe (NASDAQ:GSM - Get Free Report) last issued its quarterly 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 for the quarter, compared to analysts' expectations of $393.00 million. As a group, research analysts predict that Ferroglobe PLC will post 0.33 EPS for the current fiscal year.

Ferroglobe Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Thursday, March 20th were paid a dividend of $0.014 per share. The ex-dividend date of this dividend was Thursday, March 20th. 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 1.63%. Ferroglobe's dividend payout ratio (DPR) is currently 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.