First Eagle Investment Management LLC Increases Stock Position in Ferroglobe PLC (NASDAQ:GSM)

First Eagle Investment Management LLC grew its holdings in shares of Ferroglobe PLC (NASDAQ:GSM - Free Report) by 10.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,030,772 shares of the basic materials company's stock after purchasing an additional 197,317 shares during the quarter. First Eagle Investment Management LLC owned about 1.08% of Ferroglobe worth $7,717,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Hosking Partners LLP boosted its position in Ferroglobe by 1.8% during the fourth quarter. Hosking Partners LLP now owns 9,004,298 shares of the basic materials company's stock worth $34,216,000 after purchasing an additional 159,845 shares during the period. Bank of Montreal Can boosted 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. Old West Investment Management LLC lifted its holdings in shares of Ferroglobe by 158.0% in the third quarter. Old West Investment Management LLC now owns 2,908,501 shares of the basic materials company's stock worth $13,495,000 after buying an additional 1,781,024 shares in the last quarter. Royce & Associates LP lifted its holdings in shares of Ferroglobe by 3.6% in the third quarter. Royce & Associates LP now owns 2,726,978 shares of the basic materials company's stock worth $12,653,000 after buying an additional 94,260 shares in the last quarter. Finally, River Global Investors LLP purchased a new stake in shares of Ferroglobe in the fourth quarter worth about $2,408,000. Institutional investors own 89.64% of the company's stock.

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Analyst Upgrades and Downgrades

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

Ferroglobe Price Performance

Shares of Ferroglobe stock traded up $0.05 on Wednesday, reaching $4.12. The stock had a trading volume of 1,073,402 shares, compared to its average volume of 1,183,611. 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 $774.09 million, a P/E ratio of 206.00 and a beta of 1.89. The company has a current ratio of 1.82, a quick ratio of 1.00 and a debt-to-equity ratio of 0.02. The business's 50 day moving average is $3.86 and its two-hundred day moving average is $4.12.

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

Ferroglobe Increases Dividend

The business also recently announced 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. This represents a $0.06 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend is Thursday, March 20th. 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.