Ferroglobe Sees Unusually High Options Volume (NASDAQ:GSM)

Ferroglobe PLC (NASDAQ:GSM - Get Free Report) was the target of unusually large options trading on Tuesday. Investors bought 4,553 call options on the company. This is an increase of 457% compared to the typical volume of 817 call options.

Ferroglobe Stock Down 4.0 %

Shares of NASDAQ:GSM traded down $0.15 on Friday, hitting $3.64. 1,306,272 shares of the company's stock were exchanged, compared to its average volume of 1,194,185. Ferroglobe has a 1-year low of $3.23 and a 1-year high of $6.19. The company has a market capitalization of $683.90 million, a PE ratio of 182.00 and a beta of 1.89. 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 firm's 50-day moving average is $3.84 and its 200 day moving average is $4.10.

Ferroglobe (NASDAQ:GSM - Get Free Report) last announced 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. 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. Sell-side analysts predict that Ferroglobe will post 0.33 EPS for the current year.

Ferroglobe Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Thursday, March 20th were given a $0.014 dividend. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.54%. This is an increase from Ferroglobe's previous quarterly dividend of $0.01. The ex-dividend date of this dividend was Thursday, March 20th. Ferroglobe's dividend payout ratio (DPR) is 250.00%.

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Institutional Investors Weigh In On Ferroglobe

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Heck Capital Advisors LLC acquired a new stake in shares of Ferroglobe during the fourth quarter worth about $37,000. Raymond James Financial Inc. acquired a new position in Ferroglobe during the fourth quarter worth approximately $42,000. LPL Financial LLC purchased a new stake in Ferroglobe in the fourth quarter valued at approximately $42,000. Barclays PLC purchased a new stake in Ferroglobe in the third quarter valued at approximately $44,000. Finally, RPO LLC acquired a new stake in shares of Ferroglobe in the fourth quarter valued at approximately $53,000. 89.64% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on GSM. Seaport Res Ptn downgraded shares of Ferroglobe from a "strong-buy" rating to a "hold" rating in a research note on Monday, February 24th. StockNews.com cut shares of Ferroglobe from a "buy" rating to a "hold" rating in a research report on Friday, February 21st.

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.