Ferroglobe PLC (NASDAQ:GSM) Shares Sold by AYAL Capital Advisors Ltd

AYAL Capital Advisors Ltd lessened its stake in shares of Ferroglobe PLC (NASDAQ:GSM - Free Report) by 14.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,082,161 shares of the basic materials company's stock after selling 176,139 shares during the period. Ferroglobe comprises approximately 2.2% of AYAL Capital Advisors Ltd's investment portfolio, making the stock its 16th biggest holding. AYAL Capital Advisors Ltd owned approximately 0.58% of Ferroglobe worth $5,800,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of GSM. Principal Financial Group Inc. purchased a new stake in shares of Ferroglobe in the 4th quarter worth approximately $366,000. Aigen Investment Management LP purchased a new position in shares of Ferroglobe in the 4th quarter valued at $109,000. Epoch Investment Partners Inc. raised its position in shares of Ferroglobe by 71.2% in the 4th quarter. Epoch Investment Partners Inc. now owns 192,313 shares of the basic materials company's stock worth $1,252,000 after acquiring an additional 79,979 shares in the last quarter. Tyro Capital Management LLC purchased a new stake in shares of Ferroglobe during the 4th quarter worth $7,228,000. Finally, Appian Way Asset Management LP bought a new stake in Ferroglobe during the fourth quarter valued at about $5,435,000. Hedge funds and other institutional investors own 89.64% of the company's stock.

Wall Street Analyst Weigh In

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

Ferroglobe Stock Down 0.2 %

Shares of GSM traded down $0.01 during midday trading on Wednesday, hitting $4.34. 306,006 shares of the company's stock traded hands, compared to its average volume of 1,357,512. The company has a current ratio of 1.63, a quick ratio of 0.91 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $813.45 million, a price-to-earnings ratio of 12.79 and a beta of 1.83. Ferroglobe PLC has a 1 year low of $4.07 and a 1 year high of $6.78. The firm's fifty day moving average is $4.67 and its 200-day moving average is $5.11.

Ferroglobe (NASDAQ:GSM - Get Free Report) last released its quarterly earnings results on Monday, August 5th. The basic materials company reported $0.13 EPS for the quarter, beating analysts' consensus estimates of $0.08 by $0.05. Ferroglobe had a return on equity of 11.27% and a net margin of 4.11%. The company had revenue of $451.05 million during the quarter, compared to analysts' expectations of $425.55 million. During the same period last year, the business posted $0.30 earnings per share. As a group, sell-side analysts anticipate that Ferroglobe PLC will post 0.28 earnings per share for the current year.

Ferroglobe Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 20th will be paid a $0.013 dividend. This represents a $0.05 annualized dividend and a dividend yield of 1.20%. The ex-dividend date of this dividend is Friday, September 20th. Ferroglobe's payout ratio is 14.71%.

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.