Maven Securities LTD Sells 661,185 Shares of Ferroglobe PLC (NASDAQ:GSM)

Maven Securities LTD trimmed its position in Ferroglobe PLC (NASDAQ:GSM - Free Report) by 69.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 297,513 shares of the basic materials company's stock after selling 661,185 shares during the quarter. Maven Securities LTD owned approximately 0.16% of Ferroglobe worth $1,380,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Virtu Financial LLC purchased a new stake in shares of Ferroglobe in the first quarter worth approximately $53,000. Legacy Capital Group California Inc. purchased a new stake in shares of Ferroglobe in the second quarter worth approximately $60,000. Banco Santander S.A. purchased a new stake in shares of Ferroglobe in the second quarter worth approximately $80,000. Vanguard Personalized Indexing Management LLC lifted its position in shares of Ferroglobe by 40.1% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 15,665 shares of the basic materials company's stock worth $84,000 after purchasing an additional 4,480 shares in the last quarter. Finally, Quarry LP purchased a new stake in shares of Ferroglobe in the second quarter worth approximately $84,000. 89.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Ferroglobe from a "hold" rating to a "buy" rating in a research report on Wednesday, August 7th.

Ferroglobe Price Performance

GSM remained flat at $4.40 during midday trading on Wednesday. 687,384 shares of the company traded hands, compared to its average volume of 1,350,958. The stock has a market capitalization of $824.69 million, a P/E ratio of 18.33 and a beta of 1.86. The company's 50 day moving average price is $4.40 and its two-hundred day moving average price is $4.87. The company has a current ratio of 1.83, a quick ratio of 1.00 and a debt-to-equity ratio of 0.02. Ferroglobe PLC has a 52-week low of $3.99 and a 52-week high of $6.78.

Ferroglobe (NASDAQ:GSM - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.05). The business had revenue of $433.53 million for the quarter, compared to the consensus estimate of $443.50 million. Ferroglobe had a net margin of 2.74% and a return on equity of 7.55%. During the same period in the previous year, the business posted $0.27 EPS. On average, research analysts expect that Ferroglobe PLC will post 0.28 EPS for the current year.

Ferroglobe Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 20th will be given a $0.013 dividend. This represents a $0.05 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date is Friday, December 20th. Ferroglobe's dividend payout ratio is 20.83%.

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.