Diametric Capital LP Decreases Stock Holdings in Ferroglobe PLC (NASDAQ:GSM)

Diametric Capital LP lessened its position in shares of Ferroglobe PLC (NASDAQ:GSM - Free Report) by 63.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 66,194 shares of the basic materials company's stock after selling 115,641 shares during the period. Diametric Capital LP's holdings in Ferroglobe were worth $252,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp increased its stake 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 acquiring an additional 2,615 shares in the last quarter. New York State Common Retirement Fund increased its stake in Ferroglobe by 48.9% in the fourth 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 in the last quarter. Barclays PLC bought a new stake in Ferroglobe in the third quarter valued at $44,000. Heck Capital Advisors LLC acquired a new position in shares of Ferroglobe during the fourth quarter valued at about $37,000. Finally, Legacy Capital Group California Inc. grew its stake in shares of Ferroglobe by 19.9% in the 4th quarter. Legacy Capital Group California Inc. now owns 64,297 shares of the basic materials company's stock valued at $244,000 after buying an additional 10,679 shares during the period. Institutional investors and hedge funds own 89.64% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Seaport Res Ptn downgraded Ferroglobe from a "strong-buy" rating to a "hold" rating in a research note on Monday, February 24th. StockNews.com lowered Ferroglobe from a "buy" rating to a "hold" rating in a research report on Friday, February 21st.

Ferroglobe Stock Down 2.6 %

Shares of Ferroglobe stock traded down $0.09 during trading hours on Friday, reaching $3.35. The company's stock had a trading volume of 2,327,837 shares, compared to its average volume of 1,191,737. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.00 and a current ratio of 1.82. The stock's fifty day simple moving average is $3.80 and its two-hundred day simple moving average is $4.08. The company has a market capitalization of $629.41 million, a P/E ratio of 167.50 and a beta of 1.58. Ferroglobe PLC has a one year low of $3.19 and a one year high of $6.19.

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

Ferroglobe Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Thursday, March 20th were given 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 1.67%. The ex-dividend date was Thursday, March 20th. Ferroglobe's dividend payout ratio is presently 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.