Maverick Capital Ltd. Purchases 139,002 Shares of Ferroglobe PLC (NASDAQ:GSM)

Maverick Capital Ltd. grew its position in Ferroglobe PLC (NASDAQ:GSM - Free Report) by 60.3% 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 369,540 shares of the basic materials company's stock after buying an additional 139,002 shares during the quarter. Maverick Capital Ltd. owned approximately 0.20% of Ferroglobe worth $1,715,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in GSM. ARS Investment Partners LLC grew its holdings in shares of Ferroglobe by 6.2% during the 2nd quarter. ARS Investment Partners LLC now owns 69,000 shares of the basic materials company's stock valued at $370,000 after acquiring an additional 4,000 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in Ferroglobe by 40.1% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 15,665 shares of the basic materials company's stock valued at $84,000 after purchasing an additional 4,480 shares during the last quarter. West Tower Group LLC grew its stake in Ferroglobe by 3.8% in the third quarter. West Tower Group LLC now owns 137,291 shares of the basic materials company's stock valued at $637,000 after purchasing an additional 5,000 shares in the last quarter. Kathmere Capital Management LLC increased its position in Ferroglobe by 22.3% in the 2nd quarter. Kathmere Capital Management LLC now owns 31,901 shares of the basic materials company's stock worth $171,000 after purchasing an additional 5,822 shares during the last quarter. Finally, Hood River Capital Management LLC raised its stake in shares of Ferroglobe by 41.4% during the 2nd quarter. Hood River Capital Management LLC now owns 20,816 shares of the basic materials company's stock worth $112,000 after purchasing an additional 6,091 shares in the last quarter. 89.64% of the stock is owned by hedge funds and other institutional investors.

Ferroglobe Stock Performance

NASDAQ:GSM traded down $0.01 during mid-day trading on Friday, hitting $4.36. 573,818 shares of the company's stock traded hands, compared to its average volume of 1,299,100. The firm has a market capitalization of $817.19 million, a price-to-earnings ratio of 18.17 and a beta of 1.88. Ferroglobe PLC has a 12 month low of $3.99 and a 12 month high of $6.78. The firm has a 50 day moving average of $4.40 and a two-hundred day moving average of $4.89. 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 (NASDAQ:GSM - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.05). Ferroglobe had a return on equity of 7.55% and a net margin of 2.74%. The firm had revenue of $433.53 million for the quarter, compared to the consensus estimate of $443.50 million. During the same quarter in the previous year, the business posted $0.27 EPS. On average, equities analysts forecast that Ferroglobe PLC will post 0.28 earnings per share for the current fiscal year.

Ferroglobe Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 20th will be paid a dividend of $0.013 per share. The ex-dividend date is Friday, December 20th. This represents a $0.05 annualized dividend and a yield of 1.19%. Ferroglobe's dividend payout ratio is currently 20.83%.

Wall Street Analysts Forecast Growth

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

About Ferroglobe

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.