Hosking Partners LLP Has $34.22 Million Position in Ferroglobe PLC (NASDAQ:GSM)

Hosking Partners LLP increased its holdings in shares of Ferroglobe PLC (NASDAQ:GSM - Free Report) by 1.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,004,298 shares of the basic materials company's stock after acquiring an additional 159,845 shares during the quarter. Ferroglobe comprises about 1.3% of Hosking Partners LLP's investment portfolio, making the stock its 23rd largest holding. Hosking Partners LLP owned approximately 4.79% of Ferroglobe worth $34,216,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Old West Investment Management LLC raised its holdings in Ferroglobe by 233.4% in the 3rd quarter. Old West Investment Management LLC now owns 3,758,501 shares of the basic materials company's stock valued at $17,439,000 after acquiring an additional 2,631,024 shares in the last quarter. GSA Capital Partners LLP increased its position in shares of Ferroglobe by 26.8% in the third quarter. GSA Capital Partners LLP now owns 114,691 shares of the basic materials company's stock worth $532,000 after purchasing an additional 24,245 shares during the period. Royce & Associates LP raised its stake in Ferroglobe by 3.6% in the third quarter. Royce & Associates LP now owns 2,726,978 shares of the basic materials company's stock valued at $12,653,000 after purchasing an additional 94,260 shares in the last quarter. Bank of Montreal Can lifted its position in Ferroglobe by 234.5% during the third quarter. Bank of Montreal Can now owns 3,484,201 shares of the basic materials company's stock worth $15,958,000 after purchasing an additional 2,442,507 shares during the period. Finally, West Tower Group LLC grew its stake in Ferroglobe by 3.8% during the third quarter. West Tower Group LLC now owns 137,291 shares of the basic materials company's stock worth $637,000 after buying an additional 5,000 shares in the last quarter. Institutional investors and hedge funds own 89.64% of the company's stock.

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Wall Street Analyst Weigh In

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

Ferroglobe Price Performance

Shares of Ferroglobe stock traded down $0.08 during trading on Tuesday, reaching $3.29. 1,126,721 shares of the company's stock were exchanged, compared to its average volume of 776,757. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.00 and a current ratio of 1.82. Ferroglobe PLC has a 1-year low of $3.23 and a 1-year high of $6.19. The company has a market cap of $618.14 million, a P/E ratio of 164.50 and a beta of 1.83. The firm's 50-day moving average price is $3.87 and its 200 day moving average price is $4.17.

Ferroglobe (NASDAQ:GSM - Get Free Report) last issued its 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 return on equity of 6.36% and a net margin of 0.32%. The firm had revenue of $367.51 million during the quarter, compared to the consensus estimate of $393.00 million. As a group, research analysts anticipate that Ferroglobe PLC will post 0.33 earnings per share for the current year.

Ferroglobe Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Thursday, March 20th will be paid a $0.014 dividend. This is an increase from Ferroglobe's previous quarterly dividend of $0.01. The ex-dividend date is Thursday, March 20th. This represents a $0.06 annualized dividend and a yield of 1.70%. Ferroglobe's dividend payout ratio is presently 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.